Oil Sands News

Oil sands mining and investment news

Canada's oil sands cash flows set to drop by $21 billion

Cecilia Jamasmie | February 24, 2015
Canada's oil sands cash flows set to drop by $21 billion

Current operational costs for producers have reached $37 to $40 per barrel. Benchmark U.S. crude, meanwhile, is trading at around $50 a barrel.

Macquarie's Brian Bagnell: Forget peak oil; worry about peak demand

The Energy Report | February 26, 2015
oil, rig, power, gas, fuel, dessert 333

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.

Oilprice.com

Is oil returning to $100 or dropping to $10?

Oilprice.com | February 25, 2015

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 …

Oilprice.com

The easy oil is gone so where do we look now?

Oilprice.com | February 24, 2015

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.

Canada’s Saskatchewan second only to Finland as world’s top mining destination

Cecilia Jamasmie | February 24, 2015
Canada’s Saskatchewan second only to Finland as world’s top mining destination

The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.

Shell pulls plug on long-delayed Alberta oil sands mine – The Globe and Mail

Globe and Mail | February 24, 2015

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.

Modest tailwinds could blow life into mining equities in 2015: Shane Nagle

The Gold Report | February 23, 2015
Sandvik sees global mining equipment demand picking up

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.

First BC oil slump casualty: Ivanhoe Energy faces bankruptcy

Business in Vancouver | February 23, 2015
Bank sign above entrance

The company has filed for creditor protection and faces possible bankruptcy.

Finning's Vancouver branch to cut 500 workers in Canada

Business in Vancouver | February 23, 2015
Finning's Vancouver branch to cut 500 workers in Canada

The figure represents 9% of the company's Canadian workforce, and it is due to "soft market conditions."

Cecilia Jamasmie

Canadian oil sands producers hike output despite dim crude price

Cecilia Jamasmie | February 20, 2015
canadian-oil-sands-producers-hike-output-despite-dim-crude-price - 333

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.

Oilprice.com

Why oil prices must go up

Oilprice.com | February 19, 2015
Oil rig in North Dakota

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.

Stephen Harper promises LNG tax breaks at Surrey appearance

Business in Vancouver | February 19, 2015

Companies investing in capital assets for the liquefied natural gas industry can expect tax breaks to kick in immediately.

Cenovus to cut 15% of staff, freeze pay

Michael Allan McCrae | February 12, 2015
cenovus reduce staff oil sands

Oil sands production up 25%

Oilprice.com

Oil's survival of the fittest: interview with Stan Szary

Oilprice.com | February 11, 2015
worker-near-large-oil-pipe-construction-site-333

The biggest winners will be those investors who are stepping into the market right now, investing in conventional oil stories.

Church threatens to dump oil shares after Leonardo DiCaprio film

Michael Allan McCrae | February 9, 2015
virunga chrurch of england soco international

Mountain gorillas.

Anti-oil sands activists in the U.S. are getting visits from the FBI

Globe and Mail | February 9, 2015

Unexpected visitors have been dropping in on anti-oil activists in the United States — knocking on doors, calling, texting, contacting family members.

IMAGE GALLERY: Dump trucks hoisted, frozen, tipped and sunk

Michael Allan McCrae | February 5, 2015
truck sunk mining mayhem

Expensive.

Michael Allan McCrae

Miners begin to find a 'level of stability'

Michael Allan McCrae | February 4, 2015
andy robertson head shot 333

For the companies that are doing well, it is a good time to grow within their markets.

State of global economy among the Canadian mining industry’s top issues

Mining Association of Canada | February 4, 2015
Teck profit dives, freezes projects in Canada and Chile

The mining industry employed more than 380,000 people in 2013, accounting for one in every 47 jobs in Canada.

Michael Waring has seen the energy downturn movie before, and he's not worried

The Energy Report | January 30, 2015

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.

Oilprice.com

Increasing demand for refined products will increase oil prices

Oilprice.com | January 29, 2015

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.

Jason Mayer: the budgets of oil producers today are still a little delusional

Sprott's Thoughts | January 27, 2015

The price of oil appears to be settling into a new price range, leaving oil sector profits at significant risk.

UBC votes on removing fossil fuel investments from endowment

Business in Vancouver | January 27, 2015

Divestment intended to put political pressure on the Canadian government to adopt a national carbon pricing system, says campaigner.

No recession for Alberta, just ‘zero growth’ as oil price nosedives

Cecilia Jamasmie | January 26, 2015
No recession for Alberta, just ‘zero growth’ as oil price nosedives

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.

Fort McMurray mayor still optimistic, despite dropping oil prices

CTV.ca | January 26, 2015

Despite plunging oil prices, the mayor of Fort McMurray, Alta., is still optimistic about the future of the oil boomtown.

Loonie to hit 85 cents US in 2016 as Bank of Canada hikes key rate, TD forecasts

Business in Vancouver | January 26, 2015

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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