Reports revealed that Investors who are addicted to the white-knuckle ride of high-risk exploration will probably know nothing about Canadian-based, TSX and AIM-listed Bankers Petroleum. For full story, click here
Connacher Oil & Gas Ltd, a Canadian oil-sands producer and refiner is planning to sell stock to bolster its working capital and finance a heavy-oil project. The price of the private-placement offering wasn’t declared. For full story, click here
Canadian Oil Sands Trust declared a dip in first-quarter earnings and cash flow on sharply lower crude oil prices, and announced that its focus is on maintaining a healthy balance sheet and solid liquidity position. For full story, click here
Canadian National Railway Co. announced that it has developed a transformative strategy it calls the “Pipeline on Rail” that can move oil-sands production quickly and cheaply to markets in North America or Asia. For full story, click here
Reports reveal that Nexen Inc. and Opti Canada Inc. may be among Canadian oil companies targeted for takeovers as a price collapse triggers a rush by larger producers to amass holdings in the biggest crude deposits outside Saudi Arabia. Will Lee, an analyst at CIBC World Markets Inc. in Calgary, stated: Opti won’t be around [...]
Canadian Oil Sands Trust declared that it has filed the results of the independent evaluation of its reserves and a review of its resources for the Syncrude Project leases at December 31, 2008 with the Canadian securities administrators on the SEDAR web site. For full story, click here
Billions of dollars in cancelled Canadian oil sands projects has exposed Canada’s oil provinces as the areas hardest hit by lower energy prices and persistent credit worries. For full story, click here
A conversation on energy between Canada and the United States– two big users — finally has begun. The U.S. administration’s environmental emphasis could be bad news for Canadian oil-sand extraction. For full story, click here
Canadian Natural Resources Limited Announced First Oil at Horizon Oil Sands Project and 2008 Fourth Quarter and Year End Results. For full story, click here
Refiners often have more Canadian heavy oil than needed, which increases the discount at which it sells. However new pipelines are in the works that will allow producers greater access to the U.S. Gulf of Mexico Coast, where refineries are looking for additional heavy oil to offset declining supplies from Mexico. For full story, click [...]
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