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…
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…
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…
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…
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''…
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…
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…
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…
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…
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…
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…
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…
