EnCana Corp, Canada’s biggest energy company, declared its second-quarter profit slipped 80 percent as oil and gas prices sank, but operating results beat expectations on a strong showing from its oil sands division. For full story, click here
Continue reading "EnCana Profit slipped, but beats Street on Oil Sands"
Wednesday, August 27, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market and international news Falling natural gas prices are a boon to oil sands operators, so if prices remain low in the upcoming months, Q3 results should improve, especially for refiners. A common theme in the Q2 results released a couple weeks ago was the bite [...]
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Tuesday, August 26, 2008
Peters & Co. analyst Kam Sandhar was quoted as saying: EnCana Corp. continues to move forward aggressively with its oil sands expansion plans, and its new, yet-to-be-named integrated oil spinoff will be the primary driver behind the company’s growth over the next decade. For full story, click here For Encana’s website, click here
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Wednesday, July 30, 2008
SOME CHEER ON THE OIL FRONT By Duncan Sutherland – Exclusive to Heavy Oil Investing News A good quarter for heavy oil companies Heavy oil and oil sands companies, by and large, posted positive results in the just-ended quarter. This was to be expected, what with oil prices hitting an all-time high. It is worth noting, however, that energy costs took a [...]
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Tuesday, July 29, 2008
Encana’s Western Canadian Select heavy oil averaged $102.18, compared with $45.84 in 2007. For full news, click here
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Thursday, July 23, 2009