By Duncan Sutherland – Exclusive to Heavy Oil Investing News Welcome back to the Upgrader. More Q 2 results were announced this week. The record heavy oil prices of the quarter have been kind to most, thought profits in refining operations have been hindered. Calgary’s Baytex Energy Trust (NYSE:BTE) was boosted by $125 million (CDN) [...]
Freedom Financial Holdings, Inc. signed an LOI with an Oil Technology group to form a Joint Venture for launching new Heavy-oil conversion technology and begin production on reserves within Southwest Missouri. For full story, click here
By Duncan Sutherland- Exclusive to Heavy Oil Investing News Senator and Presidential candidate Barack Obama has announced that his administration would release light crude oil from the nation’s Strategic Petroleum Reserve and restock the inventory with heavy crude. Many have criticized the US government for continuing to stock the reserve with oil prices so high, [...]
MegaWest Energy Corp., an independent oil and gas company specializing in non-conventional oil and gas projects with a focus on North American heavy oil, reported its first oil sales from its Marmaton River Project in Missouri. For full news, click here
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