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Scotiabank’s Patricia Mohr Predicts Spring Rally in Oil Price

Mohr predicts that WTI will recover to the $65 level by the fourth quarter of 2015. "I think the price is going to move up to $65 because there has been such a huge drop in cost of production. Margins are being squeezed for drillers and service providers, but also even wage rates would be moving down a lot in the industry, so the cost of drilling is going to move down a lot," she said.

2015 TSX Venture 50: Ikkuma Resources Tops All Sectors

Each year, the TSX Venture Exchange releases TSX Venture 50 list, reflecting the top performers across five sectors. Despite a tough year for resources — and for oil prices in particular — Calgary's Ikkuma Resources still managed to rank first across all sectors.