Current operational costs for producers have reached $37 to $40 per barrel. Benchmark U.S. crude, meanwhile, is trading at around $50 a barrel.
Brian Bagnell of Macquarie Capital Markets has two caveats for investors in junior oil and gas companies: Expect extreme volatility, and don't expect oil prices above $70/barrel anytime soon.
If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand you have the likes of A. Gary Shilling who, in this Bloomberg article, loudly trumpets …
In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5 percent a year, oil demand would grow with it, outpacing supply, thus lifting the oil price from $147 to over $200 a barrel.
The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.
Royal Dutch Shell Plc is shelving plans to build a new oil sands mine in northern Alberta, the largest such project to be deferred as producers struggle with low energy prices.
In this interview with The Gold Report, Nagle selects some promising precious metals stories, along with his two top picks in the base metals space.
The company has filed for creditor protection and faces possible bankruptcy.
The figure represents 9% of the company's Canadian workforce, and it is due to "soft market conditions."
Oil companies in Canada, the world’s fifth-largest crude producer, are not showing any signs of cutting down output, despite fuel prices more than halving in the past six months.
It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil.
Companies investing in capital assets for the liquefied natural gas industry can expect tax breaks to kick in immediately.
Oil sands production up 25%
The biggest winners will be those investors who are stepping into the market right now, investing in conventional oil stories.
Unexpected visitors have been dropping in on anti-oil activists in the United States — knocking on doors, calling, texting, contacting family members.
For the companies that are doing well, it is a good time to grow within their markets.
The mining industry employed more than 380,000 people in 2013, accounting for one in every 47 jobs in Canada.
In this interview with The Energy Report, Waring explains that this kind of correction happens every 10 years in this space. It presents opportunities for companies to improve and investors to profit—and he names four companies he considers most likely to succeed.
My opinion is that all of the analysts who are now blaming the sharp drop in oil prices on a “glut” of supply could change their tune quickly as consumers adjust to lower fuel costs.
The price of oil appears to be settling into a new price range, leaving oil sector profits at significant risk.
Divestment intended to put political pressure on the Canadian government to adopt a national carbon pricing system, says campaigner.
According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.
Despite plunging oil prices, the mayor of Fort McMurray, Alta., is still optimistic about the future of the oil boomtown.
Canadian dollar expected to fall to 75 cents U.S. before slowly climbing back to 85 cents by the end of 2016
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