At the ripe old age of 50, have the Canadian oilsands finally peaked, progressing into middle age and the slow toboggan ride down the hill? 956 more words
Tags » Imperial Oil Ltd
ConocoPhillips revises down oil sands reserves by a billion-plus barrels underscoring region's price vulnerability
CALGARY — ConocoPhillips has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada’s vast hydrocarbon potential may be left untapped. 418 more words
When oil topped US$100 a barrel three years ago, the tiny village of Norman Wells was gearing up to be the “Dubai of the Mackenzie River,” with oil revenue bringing prosperity to all. 814 more words
CALGARY — Canadian heavy oil producers are expected to post moderately better earnings next week as Calgary-based companies gradually adjust to an era of lower commodity prices. 610 more words
A big gain on the sale of its Esso gas stations last year swelled profits for Imperial Oil Ltd., but operating performance at its newest oilsands mining project disappointed analysts. 300 more words
Encana Corp. is in, while Cenovus Energy Inc., Imperial Oil Ltd, and Suncor Energy Inc. are out.
That’s the takeaway from Macquarie Capital Markets’ update on large cap Canadian energy stocks. 258 more words
The worst oil shock in Canadian oilpatch history is letting up. Rig jobs are re-appearing, investment is rising and stock prices are responding.
The two-year nightmare — concentrated in Alberta, Saskatchewan and Newfoundland — started when Saudi Arabia unleashed another price war to drive competitors out of business. 844 more words