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MEG Energy Corp's firstquarter loss widens

MEG Energy Corp's firstquarter loss widens

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Canadian oil sands producer MEG Energy Corp on Tuesday reported a smallerthanexpected quarterly loss/surprise profit, benefiting from selling more barrels of bitumen crude at higher prices.

Canadian light oil prices hit with same discounts ...

Canadian light oil prices hit with same discounts ...

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Apr 03, 2018· Canadian light oil prices hit with same discounts afflicting oilsands prices April 3, 2018 by The Canadian Press CALGARY — The same factors that have inflated the discount paid for Canadian oilsands heavy crude compared with oil are also driving a substantial rise in the discount for light Canadian oil.

Lower Oil Prices Threaten the Alberta Oil Sands Players ...

Lower Oil Prices Threaten the Alberta Oil Sands Players ...

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NEW YORK If oil prices can be maintained, profits for investors can as oil prices continue to fall the profitability of the whole oil patch will be under threat and Canadian oil sands ...

Canadian Oil Sands fourthquarter profits dip from a year ...

Canadian Oil Sands fourthquarter profits dip from a year ...

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CALGARY Canadian Oil Sands Ltd. (TSX:COS), which owns the biggest piece of the massive Syncrude oilsands mine in northern Alberta, posted a dip in fourthquarter profits as its crude fetched a ...

Canada oil producers exhaust options as pipelines ...

Canada oil producers exhaust options as pipelines ...

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Dec 18, 2017· Canada oil producers exhaust options as pipelines, railroads fill. The discount on Canadian heavy crude blew out to as much as 28 a barrel below the West Texas Intermediate benchmark, pushing the outright price of Canadian barrels to less than 30.

Canadian Heavy Oil Plugs Gap Left by OPEC Oil and Gas News

Canadian Heavy Oil Plugs Gap Left by OPEC Oil and Gas News

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Aug 01, 2017· Canadian heavy oil is an easy substitute for Middle Eastern and Latin American grades, and the rising demand represents a rare bright spot for the oil sands, which have been hit hard by falling prices and the high cost to produce and blend Alberta's heavy, tarlike bitumen.

Oil and Gas Canadian EP Stock Outlook: Signs of ...

Oil and Gas Canadian EP Stock Outlook: Signs of ...

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Canadian oil producers are looking to pump ... instead of investing in risky and costly oil sands projects. ... the price gap between Alberta's Western Canada Select and the New Yorktraded West ...

Fitch: OPEC Cuts Hurt Refiners, Help Canadian Oil Sands in ...

Fitch: OPEC Cuts Hurt Refiners, Help Canadian Oil Sands in ...

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We do not expect very tight lightheavy crude price spreads to persist over the long term given pending increases in heavy Canadian Oil Sands output. The Fort Hills project (194,000 bpd bitumen ...

The oil crash is killing the NHL Business Insider

The oil crash is killing the NHL Business Insider

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Jan 21, 2016· The NHL's revenue depends on the Canadian dollar, which in turn is on the downward slide thanks to the plummeting oil prices. As NHL revenues decline, player salaries go down, and roster cuts go up. From a profit standpoint, Canadian teams will be hardest hit, and the worst is yet to come if predictions are anything to go by.

Canadian Oil and Gas Investments

Canadian Oil and Gas Investments

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Dec 13, 2016· Alberta's oil sands are finding it impossible to maintain its feasibility in the face of dwindling crude oil prices. Alberta is one of the most expensive oil sources in the world. For commercial viability, the minimum price of a barrel Brent crude has to be at least 80.

Oil Sands cost cutting 'close to bone' as crude stalls ...

Oil Sands cost cutting 'close to bone' as crude stalls ...

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Canadian oilsands producers are running out of tricks to buoy their share prices as crude prices keep bumping up against a 50 ceiling. After two years of slashing costs to cope with plunging oil ...

Canadian Oil Sands profit falls with prices, output Reuters

Canadian Oil Sands profit falls with prices, output Reuters

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Oct 28, 2009· Canadian Oil Sands Trust, which has the biggest stake in Syncrude Canada Ltd, said on Wednesday its thirdquarter earnings fell 59 percent as oil prices tumbled from last year's heights and ...

Oil and Gas Canadian EP Stock Outlook: Signs of Tailwind

Oil and Gas Canadian EP Stock Outlook: Signs of Tailwind

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Aug 17, 2018· In fact, the price gap between Alberta's Western Canada Select and the New Yorktraded West Texas Intermediate recently rose to around 30 per barrel – the most in more than five years.

Western Canadian Select on Flipboard | Canadian Oil Sands ...

Western Canadian Select on Flipboard | Canadian Oil Sands ...

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Mar 07, 2019· Crudebyrail shipments hit a new record despite lower price discounts Trevor Robb Canada exported nearly 354,000 barrels per day of oil in December, up seven per cent from November's total of 330,400 bpd

Canadian heavy oil plugs gap left by OPEC, Latam ...

Canadian heavy oil plugs gap left by OPEC, Latam ...

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Jul 31, 2017· Canadian heavy oil plugs gap left by OPEC, Latam. At current levels that would put the outright price of WCS at Cushing at just under 45 a barrel. The narrowest differential at Cushing was per barrel below crude in mid2015.

Buffett buys into Canadian tar sands oil company | Local ...

Buffett buys into Canadian tar sands oil company | Local ...

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Canadian oil companies including Suncor have benefited as the gap among oil sands crude, Western Canada Select and benchmark West Texas Intermediate narrowed from a .