Is the ‘shale revolution‘ already winding down?

The efficiencies of shale exploitation technology may be sowing the seeds of a rapid decline

Is the ‘shale revolution‘ already winding down?Calgary’s Business and Troy Media are pleased to welcome Brad Hayes to our roster of contributors. Brad is president of Petrel Robertson Consulting Ltd., a geoscience consulting firm addressing technical and strategic issues around conventional and unconventional hydrocarbon exploration and development. He earned a PhD in geology from the University of Alberta, and a BSc…

A bold alternative to pouring money into another Calgary Olympics

Why not pioneer an Alberta climate change caravan resettlement program as part of an emerging new west?

A bold alternative to pouring money into another Calgary Olympics“Back to the future!” This thought echoes in my brain as I contemplate the imminent plebiscite on whether Calgary agrees to the omnibus International Olympic Committee, provincial and federal offers to co-fund the Winter Olympic Games again, along with some $390 million in Calgary municipal taxpayer dollars. While most Calgarians who were part of the…

Imperial Oil developing $2.6-billion Alberta oil sands project

Project will include the first major commercial application of technology to lower greenhouse gas emissions and water use

Imperial Oil developing $2.6-billion Alberta oil sands projectImperial Oil says it’s proceeding with the development of its $2.6-billion Aspen oil sands project, about 45 kilometres northeast of Fort McMurray. The company said the project, which is expected to produce about 75,000 barrels of bitumen per day, will include the first major commercial application of next-generation oil sands recovery technology. The technology is…

Buying, enhancing and holding real estate

Anthony Giuffre of Avenue Living Asset Management talks about learning to succeed by running under the feet of the giants

Buying, enhancing and holding real estateAnthony Giuffre is founder and CEO of Avenue Living Asset Management. Tell me how Avenue Living started. Giuffre: In the mid-2000s, my business partner and I were reviewing multi-family real estate investment. There were already some major success stories in the buy, enhance value and hold arena, like Boardwalk Real Estate Investment Trust, Mainstreet Equity…

Andrea Holwegner’s pursuit of healthiness

Health Stand Nutrition Consulting: achieving health without guilt or complexity

Andrea Holwegner’s pursuit of healthinessAndrea Holwegner is a nutrition and corporate wellness expert, food industry consultant, professional speaker and CEO (chief energy officer) of Health Stand Nutrition Consulting Inc. Tell me about your business and what you do? Holwegner: We specialize in achievement of health without guilt or complexity. We don’t just give you advice on what to eat,…

Imperial Oil reports net income of $749 million in quarter

Petroleum product sales averaged 516,000 barrels per day, the highest quarterly sales in nearly 30 years

Imperial Oil reports net income of $749 million in quarterEnergy giant Imperial Oil reported on Friday that its estimated net income in the third quarter of 2018 was $749 million, an increase of $378 million compared with the net income of $371 million in the same period of 2017. “Imperial’s focus on reliability led to record gross production at Kearl of 244,000 barrels per…

Enbridge reports quarter loss of $90 million

Canada’s largest pipeline operator says its capital projects remain on time and on budget

Enbridge reports quarter loss of $90 millionEnbridge, Canada’s largest pipeline operator, is reporting a net loss attributable to common shareholders of $90 million in the third quarter of this year compared with earnings of $765 million a year ago. The loss was five cents per common share compared with earnings of 47 cents in the third quarter of 2017. “Enbridge continues…

TransCanada quarterly net income reaches $928 million

More than $20 billion in projects under development, says company

TransCanada quarterly net income reaches $928 millionTransCanada Corp. had net income attributable to common shares for third quarter 2018 of $928 million or $1.02 per share, compared to net income of $612 million or $0.70 per share for the same period in 2017, the company announced on Thursday. The company also said the $1.5 billion NGTL (Nova Gas Transmission Ltd. System)…

Suncor net earnings top $1.8B in third quarter

‘The ramp up at Fort Hills has gone exceedingly well and the asset is now operating at target rates’

Suncor net earnings top $1.8B in third quarterSuncor Energy reported net earnings of $1.812 billion in its third quarter, up from $1.289 billion in the third quarter of 2017. The company also said operating earnings rose from $867 million last year to $1.557 billion this year. “Strong operational performance was foundational to our success in the third quarter, resulting in over $3…

Encana to acquire all outstanding shares of Newfield

The $5.5 billion transaction positions the company 'to deliver highly efficient growth and quality returns’

Encana to acquire all outstanding shares of NewfieldEncana Corp. is acquiring all of the outstanding shares of common stock of Newfield Exploration Co. in an all-stock transaction valued at approximately $5.5 billion, it was announced on Thursday. In a news release, the companies said Encana will also assume $2.2 billion of Newfield net debt. “The strategic combination will create a leading multi-basin company…

Canadian Natural posts $1.8B net earnings in third quarter

The price per diluted share was $1.47, up from 56 cents a year ago

Canadian Natural posts $1.8B net earnings in third quarterNet earnings for Canadian Natural Resources Ltd. climbed to $1.8 billion in the company’s third quarter, up from $684 million a year ago. “The strength of our well balanced and diverse portfolio, combined with Canadian Natural's ability to effectively and efficiently execute, delivered a strong third quarter for the company,” said Steve Laut, executive vice-chairman,…

Energy giant Cenovus reports net loss of $242M in quarter

The company said wide differentials Canadian oil producers have experienced will begin to ease in coming months

Energy giant Cenovus reports net loss of $242M in quarterEnergy giant Cenovus reported on Wednesday a third-quarter loss of $242 million compared with net earnings of $275 million in the third quarter of 2017. The Calgary-based company also said capital investment fell to $271 million in the quarter, which was down from $438 million a year ago. It said it generated more than $700…

WestJet net earnings plunge more than 66% from a year ago

The airline reported on Tuesday that net earnings of $45.9 million were down from $135.9 million from the third quarter of 2017

WestJet net earnings plunge more than 66% from a year agoNet earning for Calgary-based WestJet fell by 66.3 per cent in the third quarter from a year ago. The airline reported on Tuesday that net earnings of $45.9 million were down from $135.9 million from the third quarter of 2017. The company reported diluted earnings per share of $0.40, which was down 65.2 per cent…

Why are investors souring on Alberta?

Policy uncertainty almost certainly plays a role

Why are investors souring on Alberta?Alberta’s economy has suffered in recent years. A major factor was world oil prices, which plummeted in 2014. And limited pipeline capacity, which fetches Canadian oil producers depressed prices for Canadian oil exacerbated Alberta’s economic woes. A number of metrics indicate that oil and gas investment in Alberta is in steep decline. According to a…

Shaw Communications revenue tops $5 billion in fiscal 2018

Wireless network investments remain the company’s top priority

Shaw Communications revenue tops $5 billion in fiscal 2018Shaw Communications Inc. saw revenue from continuing operations increase by seven per cent to $1.34 billion in its fourth quarter, which ended Aug. 31. The Calgary-based company also reported on Thursday that revenue was also up by roughly the same amount to $5.24 billion for its full fiscal year of 2018. Operating income before restructuring…
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