Markets & Investment

Cold winter forecasts have traders hoping LNG rally lives on

Friday, September 11, 2020, 6:27 AM MDT

The world’s natural gas traders are hoping for a brutal winter to help sustain a price rally back from a…

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Wilks Brothers formalizes Calfrac takeover offer ahead of vote on restructuring plan

Friday, September 11, 2020, 6:12 AM MDT

Texas-based Wilks Brothers LLC says it is making formal the $26.1-million takeover bid for Calfrac Well Services Ltd. it proposed…

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Oil drops after report shows U.S. stockpiles set to rise

Thursday, September 10, 2020, 7:10 AM MDT

Futures in New York fell below $38 a barrel after rising 3.5 per cent Wednesday. The American Petroleum Institute reported…

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Alberta First Nations invest in power project; loan backed by Alberta government

Thursday, September 10, 2020, 6:21 AM MDT

Six Alberta First Nations are investing $93 million for an equity stake in a new natural gas power plant. Their…

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Husky asks for government investment while reviewing West White Rose project

Thursday, September 10, 2020, 6:15 AM MDT

Husky Energy Inc. is asking the federal government and the province of Newfoundland and Labrador to make a “direct investment''…

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Oil back above $40, buoyed by equity gains and technical support

Wednesday, September 9, 2020, 6:37 AM MDT

Oil in London moved back above $40 a barrel, as markets broadly rebounded from Tuesday’s sharp selloff. Futures rose 1.1…

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Oil slumps toward $40 in London with demand outlook souring

Tuesday, September 8, 2020, 6:27 AM MDT

Oil fell to its lowest intraday level since June as signs of faltering demand continue to depress prices and a…

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Oil rises with weak dollar, still set for weekly loss on demand

Friday, September 4, 2020, 6:34 AM MDT

Oil erased earlier losses as the dollar’s decline makes commodities more attractive, but crude was still headed for a weekly…

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Oil drops again with OPEC supply and wavering demand in focus

Thursday, September 3, 2020, 7:07 AM MDT

Oil fell further in New York today after the deepest drop since July as concerns mount over OPEC supply and…

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Wilks Brothers to make offer for Calfrac if recapitalization plan rejected

Wednesday, September 2, 2020, 6:40 AM MDT

Wilks Brothers LLC says it will make a takeover offer for Calfrac Well Services Ltd. if shareholders reject the company's…

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Oil holds near $43 on signs U.S. crude stockpiles fell further

Wednesday, September 2, 2020, 6:38 AM MDT

Oil was trading near $43/bbl in New York on signs U.S. crude stockpiles extended declines for a sixth week, easing…

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Calfrac says U.S. court sides with company in fight with Wilks Brothers

Tuesday, September 1, 2020, 7:11 AM MDT

Calfrac Well Services Ltd. says a U.S. court has sided with the company in its fight with Texas-based Wilks Brothers…

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