Oil Sands stocks tumble
Canadian Oil Sands fell 10.5%, Crescent Point Energy tumbled 8.7%, Savanna Energy declined 8.6% and Interoil fell 7.9%. For full story, click here
Articles Tagged "fall"
UTS Energy: Dangerous Play?
The stock price of UTS Energy has fallen from about $6 in July to $0.87 and the company’s market-cap is recorded at $412M. For full story, click here For UTS Energy’s website, click here
Oil minnow unfazed by recent fall in prices
Nautical Petroleum said although heavy oil was more expensive to produce than conventional resources, the company is not much concerned about falling oil prices. Steve Jenkins, chief executive, Nautical Petroleum said: Nautical’s progress over the past 12 months has resulted in the creation of a solid asset platform from which production and revenue are now [...]
Shift in Refinery could hurt Valero
Deutsche Bank Securities Inc. said on Monday that a shift in refining from the Gulf of Mexico to the Midwest and Great Plains could hurt companies like Valero. Deutsche Bank said: Our thesis is that the decline in Mexican and Venezuelan heavy oil supply will be offset by the rise in Canadian heavy oil supply. For full [...]
