The Canadian House of Commons is made up of a total of 308 seats. The Green Party of Canada holds a whopping 2 out of 308 seats. That less than 1%. Last night, in the apparent spirit of inclusion, the first televised debate leading up to the October Federal election will feature the usual three leaders that deservedly dominate popular discussion. Surprisingly, the Green Party's Elizabeth May will also participate. Why were the Bloc Quebecois not invited? They have as many seats as the Green [Read more]
TSX Energy Index dips to 10 year low
This afternoon, the TSX Energy Index dropped to its lowest point in 10 years. The previous low, on February 22, 2009 was 174.62. Today, the index dropped 2.77% to 174.22. WTI Crude went down 1.93% today to $47.19 while Western Canada Select fell 2.9% to $31.19. Brent Crude dropped 2.47% to sit at $53.20. Crude oil futures settled at their lowest levels since March 20 today after a steep drop in China's stock markets spread concerns about the economic health of the world's [Read more]
Alberta energy, environment ministers concerned about Nexen pipeline spill
FORT MCMURRAY, Alta. - Alberta's energy and environment ministers say they're concerned about a pipeline spill that was discovered in the oilsands region last week. Marg McCuaig-Boyd and Shannon Phillips toured the cleanup site 35 kilometres southeast of Fort McMurray, along with a representative from a nearby aboriginal community. Both ministers say they have confidence in the investigation underway by the Alberta Energy Regulator, an arms-length watchdog. The ruptured year-old [Read more]
TSX Energy Index plummets
The S&P/TSX Capped Energy Index has fallen to levels not seen since the immediate aftermath of the 2008 global financial crisis. On February 23 2009, the index dropped to lowly 174.62 (from a June, 2008 high of 466). Today, the index plummeted to a new low at 179.92. The S&P/TSX Capped Energy Index provides liquid and tradeable benchmarks for related derivative products of the Canadian energy indsutry. Constituents are selected from a stock pool of S&P/TSX Composite Index stocks, and [Read more]
The sensationally unsensational Nexen bitumen leak
The media is no stranger to making news seem more newsworthy than in actual fact. Case in point is the recent Nexen pipeline leak in Northern Alberta. Since the leak was first reported, there have been accounts of the spill reaching five million litres of bitumen! Five million sounds like a outrageous amount of bitumen to be dumped into the environment, but on second thought, when was the last time bitumen was measured in litres? The normal custom, of course, for the media is to report [Read more]
A sobering look at the Alberta economy
The dominant theme for the energy sector in Alberta since the NDP took power has been a sweeping wave of uncertainty. Energy executives have been delaying investment decisions, and laying off employees. Until industry is comfortable with both energy price stability, and Provincial government policy, the uncertainty will remain. Under this fog of uncertainty, it has been difficult to quantify the damage done to the Alberta economy. Recent Provincial data, however, suggests that the Alberta [Read more]
Shell Canada divesting 551 Alberta sections, 113 NE BC sections
Sayer Energy Advisors has been engaged to assist Shell with the sale and/or farmout of its undeveloped lands located in the Del Bonita, Pincher Creek, Fairview/Worsley and Rainbow/Zamaareas of Alberta and at Eskai and Akue in northeastern British Columbia (the “Properties”). In total, the Company is divesting a 100% working interest in 141,112 hectares of land (551 sections) in Alberta and a 30%-100% working interest in 113 natural gas spacing units (19,508 net hectares) in northeastern [Read more]
Oil plunges 7%, most in five months after Greeks vote NO to austerity
On Sunday, Greeks overwhelmingly voted against their international creditors’ conditions for further financial aid. The result will most likely deepen the rift between Greece and the rest of Europe and push the country closer to bankruptcy and an exit from the euro. More than 61% of Greek citizens voted “no” in Sunday’s referendum on austerity measures that European and International Monetary Fund officials demanded in recent meetings. In response to heightened uncertainty, investors have [Read more]
Honeymoon over for Alberta NDP’s
Support for Rachel Notley and her NDP party has dropped since this spring’s provincial election, according to a recently released poll from Mainstreet/Postmedia. The poll found that if another election were held today, more voters would choose the Wildrose Party rather than the newly elected NDP. Of the 3,007 Albertans polled on June 30th, 33% would vote Wildrose, 26% would vote NDP, and 20% would vote PC. In only a couple of months since being elected, Premier Notley has acted quickly [Read more]
Spotlight on Petrus Resources
Alberta is home to many public oil and gas companies, but also to a wide variety of private oil and gas companies that don't make the news as much as their public counter-parts. With the intention of shedding light on a notable private upstream company, today we at the BOE Report wish to put a spotlight on Petrus Resources. Stay tuned for more company profiles as we seek to spread the word on notable private oil and gas companies in Western Canada. Petrus Resources Petrus Resources Ltd. is [Read more]
- « Previous Page
- 1
- …
- 7
- 8
- 9
- 10
- Next Page »