Marathon Oil Corp. estimated production rise in Q1
Marathon Oil Corp. announced that its estimated first-quarter production surged due to improved operations, but the oil company warned of commodity price deterioration. For full story, click here
Articles Tagged "price"
Additional Price Sensitivity in Heavy Oil: Imperial Oil
Estimated Net Present Value (NPV) of $48 a share is 50% higher than stock price for low-debt, hold-rated Imperial Oil. For more information, click here
Tupi Oil ‘Viable’ at Current Price
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said the offshore pre-salt oil fields, including Tupi, the largest discovery in the Americas since 1976, remain viable even after crude prices plunged. For full story, click here
UTS Energy shares nearly double after Total launches $617M bid
Petro-Canada says it would welcome Total SA as a partner in the stalled Fort Hills oilsands project after the French energy giant made a $617-million takeover bid for the development’s smallest player, UTS Energy Corp. Petro-Canada spokesman Peter Symons, said Under the current economic conditions facing not only our project, but the industry in general, [...]
Genuity cuts oil sands cos price target
Genuity Capital lowered its commodity price assumptions and price targets on six oil sands stocks, citing a further deterioration in oil and natural gas prices caused by the continued negative economic environment. For full story, click here
Petrobras CEO Says Tupi Oil ‘Viable’ at Current Price
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said the offshore pre-salt oil fields, including Tupi, the largest discovery in the Americas since 1976, remain viable even after crude prices plunged. For full story, click here
‘Oil price crash has put energy industry in havoc’
Seeing beyond the blind curves of bailouts and meltdowns takes the keen vision of a veteran market observer, Roger Wiegand, Editor of Trader Tracks gives us his latest thoughts on the bumpy road ahead and where he sees opportunities in the energy sector. For full story, click here
Connacher unwilling to keep pumping out its reserves
Connacher said that prices are so low it can no longer cover its costs and is unwilling to keep pumping out its reserves at a loss. For full story, click here
Canada heavy oil firms try to weather price storm
Producing heavy oil in Canada, much of which comes from the big oil sands deposits of northern Alberta, is a tough business and it’s getting tougher. For full story, click here
What price will give good returns from oil sand?
Dollar 90 per barrel is about the threshold below which production from the extra heavy oil sand in Canada would not give a satisfactory Return on Investment. For full story, click here
