The price of oil fell slightly Friday as investors weighed the possibility that the Federal Reserve might end its extraordinary economic stimulus measures later this year. Benchmark West Texas Intermediate crude for February delivery fell six cents to US$92.86 a barrel on the New York Mercantile Exchange. The Labour Department reported U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve the fiscal cliff. [Read more]
Archives for January 2013
Weekly Natural Gas Storage to December 28
December 21: 3,652 Bcf December 28: 3,517 Bcf Change: -135 Bcf [table] [attr style="width: 25%"]`[attr style="width: 25%"]December 28`[attr style="width: 25%"]December 21`[attr style="width: 25%"]Change East`1,799`1,883`-84 West`505`520`-15 Producing`1,213`1,249`-36 Total`3,517`3,652`-135 [/table] Source: EIA [Read more]
Enbridge to spend $400M on expanding capacity of Alberta to US pipeline
Enbridge Inc. plans to spend $400 million to expand the capacity of its pipeline system between Hardisty, Alta., and the U.S. border. Enbridge says the project involves increasing pumping horsepower and that no new line pipe construction is involved. It expects to increase capacity by 230,000 barrels a day when the upgrade comes on line in 2015, subject to regulatory approvals. The Canadian mainline is held by Enbridge Pipelines Inc. (EPI), a wholly owned subsidiary of [Read more]
Oil price climbs after Congress avoids falling off the ‘fiscal cliff’ and stock markets soar
The price of oil jumped Wednesday as traders cheered a deal in Washington to avert the ``fiscal cliff,'' a series of tax increases and spending cuts that could have pushed the world's biggest economy into recession. The House of Representatives voted near midnight Tuesday night to send a bill averting the cliff to President Barack Obama after a frantic day of political brinkmanship on Capitol Hill. In morning trading, benchmark West Texas Intermediate crude for February delivery [Read more]
Bonavista Announces Increase to Exchangeable Share Ratio
Bonavista Energy Corporation is pleased to announce the increase to the Exchange Ratio of its exchangeable shares from 1.13313 to 1.14261. This increase will be effective on January 15, 2013 (the "Effective Date"). The following are the details of the calculation of the Exchange Ratio: Record Date of Bonavista Dividend Opening Exchange Ratio Bonavista Dividend per common share Five day Weighted Average Trading Price of Bonavista [Read more]
- « Previous Page
- 1
- …
- 9
- 10
- 11