Here’s an investing rule for you: Be skeptical of pearls of wisdom. Any “pearl” that can be summed up in six words or less might have the advantage of making life easier, but often that’s about it, and following these bits of the usual understanding too closely can be a recipe for disappointment. How to conquer rate of interest uncertainty ...
Read More »Saskatchewan proposes getting laid-off oil workers to clean up abandoned wells
REGINA – The Saskatchewan government is proposing to possess gas and oil workers who’ve lost their jobs clean up abandoned wells. Premier Brad Wall says this program is needed stimulate employment within the oil-and-gas sector by accelerating cleanup of wells no longer capable of production. Wall says it would accelerate decommissioning and reclamation of just one,000 non-producing wells over the ...
Read More »Canadian Oil Sands overhauls leadership and board ahead of Suncor takeover, names Sandy Martin CEO
CALGARY – Canadian Oil Sands Ltd., on the point of being taken over by Suncor Energy, has overhauled its senior leadership team and board of directors. How falling oil prices and Notley’s Alberta worked against Canadian Oil Sands Ltd As oil prices continued to free fall, oilsands giants Suncor Energy Inc. and Canadian Oil Sands Ltd. were quietly ending an ...
Read More »CoPower green bond gets jump from new exempt rules
It may not be the first of its kind following the recent unveiling of new rules allowing a broader group of investors to sign up within the exempt market. But it’s the first by CoPower, a Montreal-based online lender (which also comes with an office in Toronto) that’s focused on clean energy and which has just launched its first green bond ...
Read More »AutoCanada’s stock slide is overdone, AltaCorp Capital analyst says
Investors are punishing AutoCanada Inc. because of its contact with Alberta, but the stock price decline is overdone and it might be time to buy shares from the dealership group, based on AltaCorp Capital. Analyst Chris Murray cut his price target on AutoCanada to $26 from $33 but upgraded the stock to outperform, citing an approaching inflection point. “The market ...
Read More »TMX Group Ltd becomes world’s top-performing stock exchange operator on turnaround plan
TMX Group Ltd. is outperforming its global peers this season as investors visit a glimmer of a turnaround in the Canadian exchange operator because it tries to diversify beyond its traditional resource base. Shares of Toronto-based TMX, which owns and operates the Toronto, Venture and Alpha stock exchanges, along with a securities clearing house and derivatives markets, are up 8.6 ...
Read More »How the rise of puffy parkas in Canada led to the downfall of Danier Leather Inc
TORONTO ? A balmy winter gave Danier Leather Inc. its final push towards initiating insolvency proceedings last week, but the rising popularity of down-filled parkas might have were built with a longer-term submit the retailer’s downfall, according to court filings. BeaverTails bets on skiers and fair-goers being in the mood for its quintessential Canadian treat The Montreal-based company found success ...
Read More »Canadian energy companies selling off ‘jewels in the crown’ to keep oilsands operations afloat
CALGARY – Faced with record affordable prices for heavy crude, Canadian energy information mill sacrificing other parts of the business to help keep higher-cost oilsands production going and safeguard the billions already committed to these multi-decade projects. No living large for oil majors as even they take a savage beating from fall in crude prices Integrated oil companies for example ...
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