TSX Recovers After NDP’s Alberta Win Sparks Energy Sector Concerns

TSX Recovers After NDP’s Alberta Win Sparks Energy Sector Concerns

The New Democratic Party's victory in Alberta's provincial election caused the TSX to drop on Wednesday as energy stocks took a hit. Specifically, the S&P/TSX Composite index dropped 0.99 percent, or 150.05 points, to close at 15,023.89 points. The dip marked a one-month low and put seven out of 10 of the main sectors on the index in the red.

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Videos

Keith Schaefer: Expect Oil M&A Activity in Q3, Q4 2015

Keith Schaefer spoke to Resource Investing News at VRIC about a variety of topics, including the ongoing glut in the oil market and what he thinks the future holds for major and junior oil companies. He also touched on LNG in British Columbia.

Company News

Super Nova Petroleum Announce Changes in Management

Super Nova Petroleum Announce Changes in Management

Super Nova Petroleum Corp. (CSE:SNP,OTC:SNOVF) announced changes in its management team. Rita Tung will be replaced with Larry Johnson in the CFO position, and Ben Chu has resigned as President and COO but will remain a director of the company.

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Company Videos

Bayhorse Silver CEO Talks about Light Oil in Saskatchewan

Bayhorse Silver Inc. (TSXV:BHS) President & CEO Graeme O’Neill spoke to Resource Investing News at the Vancouver Resource Investment Conference 2015 about the Little Swan light oil prospect in Saskatchewan.

Market News

Two Alberta Oil Sand Sites Evacuated due to Wildfire

Mining.com reported that a wildfire in northeastern Alberta has forced the evacuation of staff at two oil sands facilities, which together represent about 9 percent of Alberta's oil production.

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