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PrairieSky Royalty Ltd revenue rises 31% in second quarter despite weak oil prices

CALGARY – Despite weak oil prices and a slowdown in oilfield activity, PrairieSky Royalty Ltd. was able to grow its revenues by 31 per cent between the first and second quarter. 120 more words

Energy

PrairieSky Royalty vows to continue to add oil and gas assets

PrairieSky Royalty Ltd. says it plans to continue hunting for bargain buys in a low commodity environment after completing $38 million in cash and $14 million of non-cash acquisitions in the second quarter. 187 more words

Energy

Encana Corp. posts second-quarter loss, revenue falls from year ago

Encana Corp. (TSX:ECA) reported a loss in its latest quarter as its U.S. operations were hit by a big impairment charge related to the drop in commodity prices. 102 more words

Business

No relief in sight: Encana Corp's results a preview of misery in store for energy sector

Encana Corp. kicked off second-quarter earnings season Friday for Canada’s large oil and gas producers with a US$1.6 billion loss, providing a taste of the sector’s misery from continuing low oil prices: layoffs, cost cuts, tight spending, asset sales and uncertain investment plans. 750 more words

Energy

Encana cuts 200 more jobs, reports $1.6B loss in second quarter

Encana Corp. is setting aside $58 million this year for transition and severance costs as it completes a reorganization that resulted in 200 job cuts in July on top of 1,200 cuts from its major refocusing effort in late 2013. 646 more words

Energy

Encana Corp shares sink to 13-year low as oil slump spurs another 200 layoffs

Encana Corp., the Canadian natural gas producer switching its focus to oil, fell to a 13-year low after second-quarter earnings missed analysts’ estimates.

Encana fell 8.7 per cent to $10.25 at 10:31 a.m. 577 more words

Breaking

Encana warns upcoming restructuring will include more job cuts

More job cuts are coming at Calgary-based Encana Corp., a spokesman confirmed Tuesday, despite the company’s trimming of about 1,000 employees as it launched a major refocusing and downsizing of operations in late 2013. 440 more words

Energy