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CALGARY ? The very first liquefied gas project in Canada may be built on the East Coast, not the West Coast. Shell puts off decision on LNG megaproject in B.C. for an additional year because it grapples with plummeting oil prices and earnings The punches keep coming for the Canadian gas and oil industry. The most recent uppercut came from ...

Alabama Graphite: The Future is Bright Green In the middle of a wounded junior resource market those companies with superior management and realistic business strategies present the greatest opportunities. Alabama Graphite Corp. (V.ALP) may very well be one of those companies. Alabama Graphite has a resource: an enormous graphite deposit within the mining friendly state of Alabama; a skilled management ...

Oil producer Cenovus Energy Inc posted a bigger-than-expected quarterly loss and announced a fresh round of cuts to its quarterly dividend, 2016 capital budget and workforce, because it tries to shore up finances amid an incessant fall in oil prices. The Canadian company, that has been cutting costs in reaction to a more than 70 per cent fall in oil ...

When you are inside a hole, the saying goes, stop digging. An easy lesson that arguably has bypassed a mining industry that’s destroyed more than US$1.4 trillion of shareholder value by digging a lot of holes around the world. The industry’s 73 percent plunge from the 2011 peak is way beyond the oil industry’s 49 per cent loss during the ...

WASHINGTON – Fed Chair Janet Yellen returned to Capitol Hill having a brave face on Thursday amid a worsening meltdown on global stock markets and growing skepticism the U.S. central bank can transport out its long-planned pivot to “normal” monetary policy. Yellen, testifying prior to the Senate Banking Committee, stressed the intense spots within the U.S. economic recovery while acknowledging ...

This is really a Benjamin Button oil market. Reliving its twenties already, it now faces the decidedly awkward prospect of heading back into its teens. U.S. crude climbed above $27 in New York after touching $26.13.?The energy minister in the United Arab Emirates said OPEC may cooperate to curb output, according to the WSJ. U.S. oil prices fell for a ...

A day after announcing a share sale to fund purchasing precious-metals output from Glencore Plc, Franco-Nevada Corp. increased the size of the financing by 45 percent, citing “strong demand.” The so-called “bought deal” will raise at least US$800 million with the sale of 16.7 million Franco-Nevada shares for US$47.85 each, the Toronto-based company said inside a statement. On Wednesday it had expected to ...

Gold has returned in vogue as investors seek out a secure haven amid growing global volatility. The real question is whether this gold rally may have legs, or whether or not this will fizzle out like numerous others over the past couple of years. The precious metal is incorporated in the midst of the tremendous upward move, jumping 18 percent ...