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Oil gas
What Does Chevron’s $6.5 Billion Exit Mean for the Canadian Market?
October 08, 2024 08:16 AM AEDT| By Team Kalkine MediaHighlights:,Chevron sells its Alberta oil sands assets to Canadian Natural Resources for $6.5 billion.,The sale includes Chevron’s interests in the Athabasca Oil Sands Project and Duvernay shale project.,The move aligns with Chevron’s focus on other...
Why Is Africa Oil Corp Gaining Attention in the Energy World?
October 08, 2024 06:59 AM AEDT| By Team Kalkine MediaHighlights:,Africa Oil Corp. engages in a strategic merger to consolidate ownership in Prime Oil & Gas Coöperatief U.A.,Leading proxy advisory firms, Institutional Shareholder Services Inc. and Glass Lewis & Co., recommend voting in favor of share is...
Geopolitical Shifts Drive Oil Stock Prospects
October 08, 2024 06:22 AM AEDT| By Team Kalkine MediaHighlights:,Geopolitical tensions in the Middle East have prompted renewed focus on oil-leveraged companies, many of which remain attractively priced despite market volatility.,Energy disruptions in the region are typically short-lived, but the poten...
What Sparked Logan Energy Corp.'s Growth and How Did Insiders Benefit?
October 08, 2024 03:02 AM AEDT| By Team Kalkine MediaHighlights:,Logan Energy's retail investors hold 53% of the company's ownership.,The top 25 shareholders control 39% of the business.,Recent insider purchasing activity has been observed.,Retail Investor Influence in Logan Energy,Logan Energy Corp.,(...
Canadian Natural Expands Stake in Athabasca Project
October 08, 2024 02:51 AM AEDT| By Team Kalkine MediaHighlights,Canadian Natural Resources increases its stake in the Athabasca Oil Sands Project to 90%, further solidifying its position in Alberta’s energy sector.,The acquisition also includes Chevron's 70% interest in the Duvernay shale, enhancing Ca...
Prairie Provident Sees Stock Rebound Despite Challenges
October 05, 2024 11:11 AM AEST| By Team Kalkine MediaHighlights,Prairie Provident Resources has seen a significant stock price surge over the last 30 days, though long-term challenges persist.,The company's current price-to-sales ratio is lower than industry averages, raising questions about its potent...
Why Are Industry Leaders Watching Enbridge Inc. Closely?
October 04, 2024 08:51 AM AEST| By Team Kalkine MediaHighlights:,Enbridge Inc. to expand crude oil and natural gas pipeline operations in the U.S. Gulf of Mexico.,The company's new project will support BP Exploration & Production's Kaskida development.,Current trading price of Enbridge Inc. shares is $...
What Do Pason Systems Inc.'s Earnings Reveal About Market Sentiment?
October 04, 2024 05:16 AM AEST| By Team Kalkine MediaHighlights:,Pason Systems operates in the energy technology sector, with a focus on data management for oil and gas drilling.,The company's price-to-earnings ratio (P/E) of 9.5x is significantly lower than the Canadian market average, largely due to...
How Could MEG Energy’s Debt Levels Impact Its Future Stability?
October 04, 2024 04:51 AM AEST| By Team Kalkine MediaHighlights:,Sector Overview,: MEG Energy operates in the capital-intensive oil and gas sector, requiring significant debt to finance its operations.,Debt Management,: The company effectively manages its debt through steady cash flow and favorable int...
ReconAfrica Advances Namibia Drilling Program
October 04, 2024 04:37 AM AEST| By Team Kalkine MediaHighlights,ReconAfrica is making progress on its Naingopo exploration well, despite delays, with updates expected after further analysis of drilling logs and fluids.,The company is preparing for additional drilling efforts at its second exploration w...
Why Is This Canadian Small Cap Gaining Insider Attention in October?
October 04, 2024 03:40 AM AEST| By Team Kalkine MediaHighlights:,Trican Well Service operates within the oil well equipment and services industry, with a market capitalization of CA$1.14 billion.,The company's second-quarter 2024 earnings showed a 25.9% increase in sales and a significant rise in net i...
How Will Enbridge's Latest Acquisition Reshape the U.S. Energy Landscape?
October 02, 2024 06:30 AM AEST| By Team Kalkine MediaHighlights:,Enbridge completes the acquisition of PSNC, expanding its gas utility operations in North Carolina.,The acquisition is part of a broader strategy to enhance Enbridge’s presence in the U.S. natural gas sector.,Enbridge shares traded highe...
Paramount Resources Declares October Dividend
October 02, 2024 06:11 AM AEST| By Team Kalkine MediaHighlights,Paramount Resources Ltd. announces a cash dividend payable on October 31, 2024.,The dividend is designated as an “eligible dividend” for Canadian income tax purposes.,Shares of Paramount Resources Ltd. increased following the announcement,...
Why Are Questerre Energy Corporation Shares Suddenly in the Spotlight?
October 02, 2024 04:27 AM AEST| By Team Kalkine MediaHighlights:,Questerre Energy's stock price surged 32% in the past month, recovering from previous lows.,The company's P/S ratio of 3.9x is notably higher than the industry average, raising questions about its valuation.,Questerre has experienced 51%...
Why Is Superior Plus Facing a Growing Three-Year Decline?
October 02, 2024 03:33 AM AEST| By Team Kalkine MediaHighlights:,Superior Plus Corp. has seen a 45% decline in stock price over three years, significantly underperforming the broader market.,The energy sector company's operational challenges may be contributing to its 13% drop in the past three months....
What Does the Recent Insider Selling at Pembina Pipeline Reveal?
October 02, 2024 03:28 AM AEST| By Team Kalkine MediaHighlights:,Pembina Pipeline Corporation insiders sold significant stakes in the past year, sparking interest.,Insider selling doesn't necessarily indicate negative sentiment but invites closer scrutiny.,External factors in the energy sector and comp...
What’s Driving Oil Prices Down for a Third Month in a Row?
October 01, 2024 08:56 AM AEST| By Team Kalkine MediaHighlights:,Oil and gas prices continue downward trend despite geopolitical tensions.,China's economic stimulus fails to significantly boost oil demand.,Libyan crude supply and OPEC+ strategy add downward pressure on prices.,Oil and gas prices remain...
Why Is the EU's Joint Gas Purchasing Plan Struggling to Take Off?
October 01, 2024 06:37 AM AEST| By Team Kalkine MediaHighlights:,AggregateEU has only fulfilled 2% of potential gas demand, raising concerns over its impact.,Industry insiders question whether the platform has brought any substantial new volumes to the market.,The EU's broader plan to extend the mechan...
Touchstone Reports Major Gas Discovery at Cascadura
October 01, 2024 03:39 AM AEST| By Team Kalkine MediaHighlight,Touchstone Exploration reported positive results from its Cascadura field in Trinidad and Tobago, with significant gas presence and plans to start production by late October 2024.,Both Cascadura-2ST1 and Cascadura-3ST1 wells showed promisin...
What Insights Can Be Gained from TC Energy's Latest Earnings Report?
September 28, 2024 06:40 AM AEST| By Team Kalkine MediaHighlights,Diversified Asset Portfolio,: TC Energy's extensive pipeline systems and long-term contracts provide stable revenue streams and effective risk management.,Financial Strain from Rising Interest,: Increased borrowing costs due to rising inte...
Canadian AI All-Stars: Unveiling the Top Stocks for 2024