In the last three weeks, Oil and Gas 360® has reviewed a dozen Canadian E&Ps, looking at operations, financial performance and comments from top management during recent conference calls and management discussions. The four Canadian E&Ps covered this week range in market cap from $5 billion to $46.6 billion. Canadian Natural Resources Ltd. (ticker: CNQ) Comparative Financial and Operational Metrics
The Environmental Assessment Office of British Columbia approved three separate liquefied natural gas (LNG) projects on November 25, 2014, two of which are located at Prince Rupert Island. The island, roughly 750 kilometers (465 miles) north of Vancouver, is proposed to be a major LNG export plant with an expansive customer base in Asia. Malaysia-based Petronas, along with large energy
Multiple tax reductions target LNG investment Exxon Mobil (ticker: XOM) announced last week that it will join an alliance of companies that is promoting the development of a liquefied natural gas industry in northern British Columbia, reported CBC News. The British Columbia LNG Alliance said last Wednesday that ExxonMobil Canada Ltd., a subsidiary of the U.S.-based ExxonMobil, has become the
Fraser Institute’s annual Global Petroleum Survey of energy executives ranks Canada oil and gas provinces among the best in the world for investment. The survey ranks 156 jurisdictions worldwide on their attractiveness for investment based on the input of oil and gas industry executives and the oil and gas reserves of each jurisdiction. Canada’s Most Attractive Province: Alberta On the strength
Over the past two weeks, Oil & Gas 360® has reviewed eight of Canada’s E&Ps, looking at operations, financial performance and management comments during recent conference calls. The Canadian E&Ps we will review range in market cap from $44 billion to $109 million. Today, OAG360® looks at four more companies focused on developing Canada’s crude oil and natural gas resources.
Based on the Energy Information Agency’s database, imports of all grades of oil from Canada have climbed by 27% in the last five years. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be
White House Statements “Factually Incorrect” UPDATE: Senate bill fails to pass by one vote, 59-41 TransCanada Corp.’s (ticker: TRP) president and CEO Russ Girling today provided a comment in advance of the debate and vote on U.S. Senate bill 2280: “I was very pleased to see another vote in the House of Representatives in favor of Keystone XL, a vote that
Last week, Canada’s Harper government released its fall fiscal update, which predicted a $1.9 billion government surplus in 2015-16 and real GDP growth of 2.6% for 2015. These promising forecasts come in spite of falling oil prices that have created economic uncertainty around the oil patch, but with the country showing strong signs of continued growth, Oil and Gas 360® continues
While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they include the Keystone XL pipeline? The House of Representatives approved the Keystone pipeline earlier today by a count of 252-161, with
Enbridge Energy’s (ticker: ENB) Alberta Clipper pipeline (Line 67) is the focus of a new federal lawsuit, filed Tuesday. The pipeline, which runs from Edmonton, Alberta, to Superior, Minnesota, currently carries 450,000 BOD across the U.S.-Canadian border, but Enbridge would like to increase that capacity to 880,000 BOD, Bloomberg reports. A single-line volume increase of that size requires U.S. government
Nation’s fiscal update points to promising growth during the next 5 years Canada’s fall fiscal update was released and it shows promising growth for the country, despite the 25% drop in the price of oil since July of this year. The decline of crude oil prices due to lower demand and oversupply drove the Department of Finance total commodity index
Canada is home to a large number of public companies that are developing hydrocarbon resources on both sides of the border. In this series, Oil & Gas 360® takes a closer look at some of the promising operators in Canada’s E&P space. Canada’s Economy Canada’s GDP growth has outperformed the U.S. in four of the past five years, and growth of
