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Energy stocks pump Toronto markets higher as oil surges on expected OPEC production cut

TORONTO — Canada’s main stock index rose on Tuesday as energy stocks pushed higher with a jump in oil prices, while financial stocks pulled back after a sharp rally following the shock U.S. 337 more words

Breaking

Encana Corp upgraded on plan to grow oil and gas derivatives by 60%

Encana Corp. was upgraded to outperform from sector perform at RBC Capital Markets following third-quarter results that generally exceeded forecasts.

But what impressed analyst Greg Pardy most, was the company’s game plan to grow its high-margin oil and natural gas condensate production through 2021. 155 more words

Trading Desk

TransCanada gas toll talks making progress with Canadian Natural Resources, Encana

CALGARY, Alberta — Pipeline company TransCanada Corp and shippers on the Canadian gas mainline system are closer to reaching an agreement on a new toll structure, the chief executives of Canada’s two biggest natural gas producers said on Thursday. 283 more words

Energy

Encana turns US$317-million profit in third quarter, despite decline in revenue

Encana Corp. earned US$317 million in its latest quarter as its results were boosted by asset sales and lower costs compared with a year ago. 127 more words

Energy

Cost cutting pays off as Encana Corp posts unexpected profit

Canadian oil and natural gas producer Encana Corp posted a quarterly profit, on an operating basis, as a steep fall in costs helped offset the impact of weak commodity prices. 296 more words

Breaking

Varcoe: Two years into oil trouble, job hunt continues for many Albertans

Looking for a job?

Like thousands of Calgarians, Dawn Stewart is searching. But the former oilpatch employee, laid off last spring from Encana Corp., isn’t just on a job hunt. 844 more words

Energy

Encana Corp is no longer a 'bad balance sheet' company, says Citi Research

CALGARY • Encana Corp. is no longer one of the “bad balance sheet” companies in the oil patch, and at least one analyst expects its shares to rise as it focuses on new drilling in Texas. 588 more words

Investing