Top 10 Active Canadian Junior Oil Stocks 2011
A look at some of the most actively traded junior oil exploration stocks on the TSX Venture Exchange in 2011.
Articles Tagged "canada"
Oil Exploration in Nunavut
Nunavut is bound to have some piece of the estimated 160 billion barrels of crude oil believed to be locked up in the Arctic – the challenge is finding it.
What the Canadian Election Could Mean for the Alberta Oil-Sands
A brief guide to the energy platforms of the four major federal parties contesting the May 2nd election, highlighting key policies that may have an impact on the development of the Alberta oil-sands.
Crude oil headed for $71.55 a barrel
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Nexen first quarter profit dips after Crude plunges
Nexen Inc., the Canadian oil company that operates fields in the U.K. North Sea and Yemen, declared that its first-quarter profit dipped 79 percent after energy prices tumbled. For full story, click here
UBS declined Imperial Oil to sell
UBS declined Imperial Oil Ltd. to sell from neutral on valuation and revised the price targets of several other Canadian oil and gas companies as the brokerage lowered its crude oil and natural gas price forecasts on weak global economy. For full story, click here
Canadian Stocks dip as crude oil declines
Canadian Stocks dip for a third day, led by energy producers and financial firms, after crude oil retreated and investors speculated the nation’s banks won’t be permitted to relax fair-value accounting. For full story, click here
Suncor Energy and Petro Canada to merge
Suncor Energy Inc. and Petro-Canada declared that they have agreed to merge the two companies. Rick George, who is president and chief executive officer of Suncor, said: This merger creates a made-in-Canada energy leader with the assets, cost structure and financial strength to compete globally. For full story, click here
Canada’s currency is little changed as crude oil fell
Canada’s currency was little changed as crude oil dipped and futures indicated U.S. stock indexes may open flat. Christian Lawrence, a currency strategist at RBC Capital Markets in London, said: The market is waiting for the U.S. open, to see where stocks are going to go. For full story, click here
Oil Price Drops on Job Losses
The United States government statement that U.S. employers had slashed over a half million jobs in January, the highest yet in 35 years, lead to crude oil prices dropping just below $41 a barrel, way below the high of $147 a barrel last summer. There is a link between layoffs and the demand on oil, say analysts, as those laid off see no need for the daily commute, and buy less of petroleum products like toys and raincoats.
