Canadian energy stocks look more appealing than their U.S. peers on a valuation basis, but Macquarie Scientific studies are finding better opportunities in natural gas-weighted names. Analyst Brian Bagnell noted the median estimated EV/DACF valuation according to oil and gas futures strip prices has climbed to 13.6x within the U.S., while Canadian names are trading at 12.1x. A look into ...
Read More »Daily Archives: Mar 27, 2016
Why Canadian LNG projects are inching forward despite low prices, sagging interest
Canada’s nascent LNG export industry continues to inch forward, despite low commodity prices and speculation of sagging curiosity about the country’s gas resources. How Big Oil is keeping the faith in Canada’s East Coast: ‘One from the last great undeveloped frontiers’ While exploration activity tapers off in Western Canada, major oil producers continue to keep the faith within the New ...
Read More »Kinross study results should be ‘constructive step forward’ for Tasiast
The Tasiast mine in Mauritania has been a giant black cloud over Kinross Gold Corp. for a long time. The company badly overpaid for Tasiast in 2010, if this spent an astounding US$7.1 billion to buy Red Back Mining Inc. (the mine’s former owner). And since then, there has been a steady flow of not so good news, writedowns and ...
Read More »Starbucks Corp taking its mobile app to new heights with overseas expansion
Starbucks Corp., an innovator to get consumers to purchase products having a mobile phone, is boosting paying for digital ventures this season because it improves the capacity for its app in Asia, Europe and Latin America. The coffee chain is promoting a brand new feature, introduced last year nationwide at U.S. stores, that lets customers order and purchase beverages ahead ...
Read More »Uber asks Toronto to emulate Edmonton’s new ride-sharing bylaw, one month after pulling out of Alberta city
TORONTO – Uber Technologies Inc. might have suspended its operations in Edmonton this month, but it is still calling on Toronto city council to emulate the Alberta capital when it votes on new ride-sharing regulations this spring. Edmonton had become the first city in Canada to legalize Uber when city council passed a vehicle-for-hire bylaw in January. The company applauded ...
Read More »Lingo Media, Telefonica sign agreement to bring online English language training to Peru
One party is a unit of the Spanish-headquartered group that has a market cap in excess of 50 billion euros; another relies in Canada having a market cap of $25 million. Yet despite the size difference, the 2 parties, Telefonica and Lingo Media, have found enough in common to setup an industrial distribution partnership, an offer that may be announced ...
Read More »Bank of Canada warns economy’s recovery from oil shock will take more than two years
EDMONTON – Canada will require more than two years to regulate fully towards the stop by oil prices, a senior Bank of Canada official said on Wednesday, signaling no quick end to a shock which has roiled the economy. The oil price crash is over – let the recovery of Alberta’s hard-hit economy begin The crash has ended. The rebuilding ...
Read More »University of Toronto rejects calls to dump fossil fuel holdings, says divesting has limited impact
TORONTO — The University of Toronto has rejected recommendations to eliminate its holdings within the fossil fuel industry, but says it will consider environmental, social, and governance factors in making investment decisions. In a newly released report, university president Meric Gertler says divesting from fossil fuel companies might have limited impact because “such firms only take into account one-quarter of ...
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