Much has been said recently about reaching net-zero targets and minimizing our carbon footprint. In December 2020, the Canadian government released the Hydrogen Strategy for Canada, which lays out a detailed framework for actions that will utilize hydrogen as a tool to achieve our goal of net-zero emissions by 2050. A key factor in achieving this success will be to generate blue hydrogen from the abundance of hydrocarbons that sit in the Western Canadian Sedimentary Basin. However, to [Read more]
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Join the EMBA scene at an interactive virtual event for executives
Join the Executive MBA scene. Expand your network of senior managers and visionary leaders. Premier EMBA gathers ambitious business school aspirants for productive virtual networking sessions with Rotman Executive MBA, HEC Paris EMBA, IE Business School, and more. Date: Wednesday, March 31, 2021 Place: Online event platform Executives will connect with successful alumni and representatives of some of the world’s top 50 EMBA programmes from the Financial Times Executive MBA [Read more]
Column: There are far more important things to worry about than Hollywood’s vacuous-villained ‘Bigfoot’
Some say the end is near Some say we'll see Armageddon soon I certainly hope we will I sure could use a vacation from this Bullsh*t three-ring Circus sideshow of Freaks Here in this hopeless $&%^% hole we call L.A. The only way to fix it is to flush it all away Any $&%^% time, any $&%^% day Learn to swim, I'll see you down in Arizona bay - “Ænema” by Tool (L.A. resident misfits) Sigh. So now ‘we’re’ going after a kid's movie. I understand the motivation and the [Read more]
Oil drops on concerns European COVID-19 issues to crimp demand
Oil prices fell 1% on Tuesday on concerns that new pandemic curbs and slow vaccine rollouts in Europe will slow a recovery in fuel demand and as producers cut prices, indicating ample oil supply. U.S. West Texas Intermediate (WTI) crude futures for May delivery fell $3.19, or 5.2%, to $58.05 a barrel. The April contract expired on Monday at $61.55, up 13 cents from Friday, after plunging more than 6% last week. Brent crude futures for May dropped by $3.15, or 4.95% to $61.08, erasing a 9 [Read more]
Vertex Resource Group Ltd. reports fourth quarter and fiscal 2020 Results
SHERWOOD PARK - (TSXV: VTX) - Vertex Resource Group Ltd. ("Vertex" or the "Company") reports its financial and operational results for the fourth quarter and year ending December 31, 2020. The following should be read in conjunction with the Management Discussion and Analysis ("MD&A") and the audited consolidated financials statements of Vertex for the year ended December 31, 2020, which are available on SEDAR at www.sedar.com. In the fourth quarter of 2020, despite ongoing challenges [Read more]
Look to next-gen oil and gas leaders to end North America’s energy stalemate
WASHINGTON - North America's polarizing pipeline battles have seen many venues — from the Prime Minister's Office and the U.S. State Department to the windswept plains of Nebraska and Minnesota to judge's chambers on both sides of the Canada-U.S. border. The irreconcilable differences are rooted in the regional nature of the energy industry in both countries, experts say, with climate-change hardliners on one side and oil-and-gas traditionalists on the other. The solution, when it does [Read more]
CP Rail merger with Kansas City Southern expected to benefit Canadian shippers
CALGARY — The merger of Canadian Pacific Railway Ltd. and Kansas City Southern promises improved service for Canadian shippers, but the impact on crude-by-rail volumes will be muted, observers said Monday. The US$25-billion takeover deal announced Sunday would link the Canadian and northern U.S. rail networks of Canadian Pacific with the southern U.S. and Mexican routes of KCS, with the only significant overlap at Kansas City, Mo., where the railways share a rail yard. In a tweet on [Read more]
Sahara Energy Ltd. announces resignation of Director
Calgary, Alberta - Sahara Energy Ltd. (TSXV: SAH) (the "Corporation") announces that effective March 18, 2021, Gary Chang has resigned as a Director of the Corporation. The Corporation wishes to thank Mr. Chang for his contribution and services to the Corporation. [Read more]
Column: Oil prices left vulnerable after funds stop buying
Hedge fund positioning in oil had become directionless in the run-up to last week’s sell-off, after a four-month rally since the first successful COVID-19 vaccines were announced at the start of November. Hedge funds and other money managers purchased the equivalent of just 12 million barrels in the six most important petroleum futures and options contracts in the week to March 16. The combined position (913 million barrels) was virtually indistinguishable from the position four weeks earlier [Read more]
World class Montney and Swan Hills light oil development drilling opportunities
Razor Energy Corp. is initiating a process to explore strategic partnerships to drill two of its low-risk light oil assets in Alberta. Potential deal structure may include farm-in, joint venture, direct equity or debt investment into Razor or some other commercial transaction. Per Well Highlights Montney Swan Hills Capex 4.0 2.5 million dollars (Cdn) Payout 0.8 1.0 years IRR >150% >120% percent NPV10 $5.3 $4.5 million dollars [Read more]