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.
CE Franklin Ltd. declared net income of $0.33 per share for the first quarter ended March 31, 2009, a dip of 3% from $0.34 per share earned in the first quarter ended March 31, 2008. Michael West, President and CEO, stated: Our diversification strategies continue to progress, offsetting the decline in activity levels that has [...]
Suncor Energy Inc. declared that it has released a first quarter 2009 net loss of $189 million, compared to net earnings of $708 million in the first quarter of 2008. Rick George, president and chief executive officer, stated: If you back out the effects of accounting impacts from mark-to-market and foreign exchange losses, and the [...]
Exchange-traded commodities investments in energy almost tripled to a record $1.5 billion in the first quarter of this year as oil prices increased sharply. For full story, click here
Along with OPEC production cuts and healthy company numbers, (both discussed below) the market is clearly disjointed. The tenor of discussions in the business pages and networks lately suggests that Yeats was right, and the centre cannot hold. Recession or recovery, echo boom or bust, few are predicting prolonged instability somewhere between these extremes.
Greencastle Resources Ltd is proud to report on the Company’s second quarter operating results and activities. Anthony Roodenburg, CEO, said: There has never been a better time to sell heavy oil and our discovery at Primate continues to provide shareholders with a solid financial foundation. Greencastle management continues to work to protect and grow the [...]
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