EDMONTON - Alberta is moving to set up a new Crown corporation to help Indigenous groups invest in major natural resource projects. The United Conservatives have introduced a bill that says the government would put up $1 billion, along with technical and financial advice, to backstop the Crown. Premier Jason Kenney says it would be a new way of doing business with First Nations. He says it would focus on partnerships led by the arms-length Crown agency rather than [Read more]
Headlines
Oil prices drop as hopes fade for comprehensive U.S.-China trade deal
Oil prices settled lower on Tuesday, paring earlier gains as hopes of a comprehensive U.S.-China trade deal faded and a new poll showed analysts expected U.S. oil crude inventories to have risen last week. U.S. West Texas Intermediate (WTI) crude decreased to $52.07, down 75 cents or 1.45%, after hitting a high of $54.06. Brent crude settled down 66 cents, or 1.13%, at $57.76 a barrel, after hitting a high of $59.68. Hopes of progress in U.S.-China trade talks had helped lift prices [Read more]
October webinars to offer insights into drill planning and ARO management
XI Technologies is hosting two separate webinars this month demonstrating how to leverage public data for better decision making. One session is for anyone who wants to plan and execute more efficient, innovative, and problem-free drilling programs. The other is for anyone whose role includes evaluating and understanding asset retirement obligations. Webinar: Leveraging public data for more efficient drill planning and drilling programs Time: 11:00am – 12:00pm MST Date: Thursday, [Read more]
USMCA’s Impact on Canadian Industry: Punitive Tariffs Back on the Table?
Nearly one year after the signing of USMCA (NAFTA 2.0), the trade deal has yet to be ratified by Canadian or U.S. representatives. With major elections on the horizon in both nations, calls for renegotiations are likely to make it onto multiple party platforms. But what does this mean for Canadian companies? Join BDO Canada's leading customs and international trade expert Charmaine Goddeeris, and special guest speaker Damon V. Pike, the partner heading up Customs & International Trade [Read more]
A new Big Bang is brewing – unimpeded climate activists are assuming control and demanding a truly impossible energy transition. Things are about to get wild
It’s show time, everyone! Get comfortable, maybe make some popcorn, settle down in front of your electronic device of choice, and watch the world go Boom. Like an uncontrolled nuclear reaction, a meltdown of some sort is underway. That might be a huge helping of hyperbole, but it might not, and part of what makes this all so exciting is that we really don’t know what will happen. We have not been here before. I'm referring to the recent masterfully-orchestrated climate activist agenda, the [Read more]
Eagle Energy Inc. Announces Final Approval of the Transfer of Listing from the TSX to the TSX Venture Exchange
Eagle Energy Inc. ("Eagle") is pleased to announce that the TSX Venture Exchange (the "TSX-V") has provided its final approval of the listing of Eagle's common shares as a Tier 2 Oil and Gas Issuer on the TSX-V and the Toronto Stock Exchange (the "TSX") has approved Eagle's application for voluntary delisting of Eagle's common shares from the TSX. Eagle's common shares will be voluntarily delisted from the TSX immediately following the close of trading on October 23, 2019 and will begin [Read more]
Open Letter to Energy Ministers – The True Cost of Electrification for Canadians
Dear Ministers: Across Canada you are all involved in discussions on how to reduce emissions from energy use. Much of the discussion focuses on the idea of finding a single solution, and the one most often proposed is electrification.The proposal begs the question “what are the implications of electrification for our economy, for our energy reliability and environmental performance, and for the affordability of energy for Canadians?” We at the Canadian Gas Association have some initial [Read more]
Oil prices up as U.S.-China trade talks loom, supply issues mount
Oil prices rose on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to supply facing major exporters. U.S. West Texas Intermediate (WTI) crudewas at $53.33, up 43 cents or 0.79%. Brent crude rose 28 cents or 0.48% to $58.74 a barrel by 1215 GMT Both futures contracts ended last week with a more than 5% decline after dismal manufacturing data from the United States and China, with the trade row between the world’s top economies undermining global [Read more]
ConocoPhillips Announces 38 Percent Increase in Quarterly Dividend; Expects to Repurchase $3 Billion of Shares in 2020; Reiterates Continued Commitment to Return More Than 30 Percent of Cash From Operations Annually Via Dividend and Buybacks
ConocoPhillips (NYSE: COP) today announced an increase in its quarterly dividend of 38 percent, to 42 cents per share. This represents an annualized increase in the dividend of approximately $500 million. The dividend is payable Dec. 2, 2019, to stockholders of record at the close of business on Oct. 17, 2019. The company also announced that it expects to repurchase $3 billion of its shares in 2020. “This increase in our ordinary dividend reflects the significant transformation our company [Read more]
Kaybob Duvernay Opportunity
Bounty Developments Ltd. is soliciting offers for its 100% working interest in 98.5 sections (63,040 acres) of Duvernay and other PNG rights in the Kaybob area. These are the largest high quality available Duvernay undeveloped land blocks in the Kaybob basin. Well control and extensive geological and petrographic work have de-risked land and show good pay thicknesses, high silica and toc content and other indicia of a world class shale project. Land is in two contiguous blocks of primarily [Read more]