‘Firewall’ tactics won’t do much to boost Alberta

As cathartic as it may be, it’s unclear that anything Kenney has prescribed will do much to improve the business climate in this province

‘Firewall’ tactics won’t do much to boost AlbertaManaging our own affairs is good for business. That, at least, is what Alberta’s premier would like us to believe, following a policy speech delivered to a conservative crowd in Red Deer on Saturday. But is it? It depends on how you turn the coin. Premier Jason Kenney said he was up all night writing…

Keeping young, ambitious and talented people in Alberta

There’s already a strong engineering, finance and transportation capability in the province. We need to build on that in the new economy

Keeping young, ambitious and talented people in AlbertaA new study related to abandoned coal mining in the United Kingdom and the movement of displaced workers offers insight for Albertans. Not many of us read the online peer reviewed academic journal Nature Human Behaviour. That’s why occasionally perusing the back pages of The Economist makes sense. The Oct. 26, 2019, Economist reviews an…

Canadian drilling forecast continues to cool

Capital, companies, equipment and crews are leaving Canada for better opportunities, with the U.S. an easy choice: PSAC

Canadian drilling forecast continues to coolThe Petroleum Services Association of Canada has decreased its forecast for the number of wells expected to be drilled across Canada for this year. In its third update to its 2019 Canadian Drilling Activity Forecast, PSAC revised its number from 5,300 (May 2019 revision) to 5,100 wells drilled. PSAC now projects 2,425 wells to be…

Suncor quarterly net earnings top $1 billion

Total oil sands production during the third quarter increased to 670,000 barrels per day

Suncor quarterly net earnings top $1 billionCalgary-based energy giant Suncor is reporting net earnings of $1.035 billion ($0.67 per common share) in the third quarter of this year. That’s down from $1.812 billion ($1.12 per common share) in the corresponding quarter in the prior year. Funds from operations were $2.675 billion ($1.72 per common share) in the third quarter compared to…

Alberta lashes out at feds over Encana move

Move still requires shareholder, stock exchange and court approval but it is expected to take place in early 2020

Alberta lashes out at feds over Encana moveAlberta's Energy Minister lashed out at the federal Liberal government Thursday, blaming its policies for the decision by energy giant Encana Corporation to move its corporate headquarters to the United States and change its name to Ovintiv Inc.  The Calgary-based company said the move still requires shareholder, stock exchange and court approval but it is…

Precision Drilling narrows net loss in third quarter

During the quarter, the Calgary-based company says it reduced its debt by $21 million

Precision Drilling narrows net loss in third quarterCalgary-based Precision Drilling narrowed its net loss in its third quarter to $4 million from $31 million in the third quarter of last year. In a news release on Wednesday, the company said third-quarter revenue of $376 million was a decrease of two per cent compared to last year. Funds provided by operations were $80…

Wexit is dumb but ROC must take Alberta’s angst seriously

It’s imperative that the federal government take the economic woes and resentment felt by the West very seriously. Here's what can be done

Wexit is dumb but ROC must take Alberta’s angst seriouslyMonday’s federal election has ignited widespread fury in Alberta. Some Albertans are even talking of reviving the separatist movement, which is as dumb as a bag of hammers. We should remember that almost 31 per cent of Albertans who voted chose parties other than the Conservatives, who are on the wrong side of history when…

Liberal minority fuelling uncertainty in the energy sector

What will it mean for potential pipeline expansion? What about the economy?

Liberal minority fuelling uncertainty in the energy sectorThe election of a Liberal minority in Monday night’s federal election is fueling a number of questions now in the energy sector and for Canada’s economy. What will this mean for the oilpatch? What will it mean for potential pipeline expansion? What about the economy? “The biggest question mark with this election outcome is for…

Husky Energy lays off undisclosed amount of staff

Husky Energy lays off undisclosed amount of staffCalgary-based corporate giant Husky Energy confirmed Tuesday it has laid off an undisclosed number of people. "Today we did have to say goodbye to some of our colleagues. Husky has been taking steps to better align the organization and workforce with our capital plan and strategy," said the company in a statement. "These changes put…
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