Newspapers across the country have highlighted layoffs, delays in new projects, and provincial budget deficits
as oil sands producers and liquefied natural gas (LNG) export proponents cut costs to...
Not exact matches
Oil sands players,
as well
as U.S.
producers in North Dakota, have been clamouring for pipeline approvals, claiming that all of the political foot dragging around pipeline projects weakened pricing power and critically hampered their operations.
As I wrote in my blog over a year ago, («
Oil Price Spread Costing Canadian producers big bucks,» November 10, 2011), oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
Oil Price Spread Costing Canadian
producers big bucks,» November 10, 2011),
oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
oil sands producers have been continually getting short - changed for their
oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
oil by refineries in Cushing, Oklahoma, where most of the product from the
oil sands flo
oil sands flows.
That can easily happen in a world of $ 100
oil, because such high prices offer enough incentive for
producers to bring on new supplies from expensive sources such
as the Bakken or Alberta's
oil sands.
Maybe that's a message Canada's
oil sands producers need to be listening to
as well.
Pretty much any company connected to
oil has fallen sharply in the last six months, including frack
sand producers such
as US Silica Holdings (NYSE: SLCA), Emerge Energy Services (NYSE: EMES), and Hi - Crush Partners (NYSE: HCLP).
Last week, Bill McCaffrey, chief executive of
oil sands producer MEG Energy Corp., said his company is considering such exports
as it becomes easier to move Canadian crude to Houston through expansions of the pipeline network.
As this table shows, all three frac
sand producers have current ratios (short - term assets divided by short - term liabilities) and quick ratios (liquid assets divided by short - term liabilities) much greater than 1, signifying strong balance sheets that should allow all three to weather the current
oil crash.
This reluctance is widely believed to be Saudi Arabia's way to squeeze U.S.
producers extracting high cost shale
oil as well
as Canada's
oil sands companies.
In contrast, we had nice returns in a number of our media, insurance and food stocks, among others, including Axel Springer, Schibsted, Zurich Insurance, Berkshire Hathaway, and Nestlé, but it was unfortunately not enough to overcome the continued pressure on our
oil & gas stocks, which included fully integrated holdings such
as Total and Royal Dutch; exploration and production companies such
as Devon Energy and Pacific Rubiales; Canadian
oil sands producers such
as Cenovus; and energy service holdings such
as Halliburton and National Oilwell Varco.
It will reduce
producer's transportation costs, while also increasing the average price per barrel
as oil from the
sands starts to trade more in line with WTI.
The main economic goal of the TMX project is to increase netbacks to
oil sands producers by avoiding bitumen oversupply problems at Cushing, Oklahoma (also known
as «The Pipeline Crossroads of the World») and by providing an option on selling the product into alternative markets in Asia and California.
As suggested in the article, the only way to stop the development of the oil sands (or any new oil development for that matter) is to address the supply side of the supply - demand curve, because as long as oil is at $ 90 bbl the producers will find a way to get their product to marke
As suggested in the article, the only way to stop the development of the
oil sands (or any new
oil development for that matter) is to address the supply side of the supply - demand curve, because
as long as oil is at $ 90 bbl the producers will find a way to get their product to marke
as long
as oil is at $ 90 bbl the producers will find a way to get their product to marke
as oil is at $ 90 bbl the
producers will find a way to get their product to market.
«We recommend that this discussion include a detailed discussion of efforts... by
producers,
as well
as the government of Alberta, to reduce greenhouse gas emissions from
oil sands production.»
Publicly described
as an «ALEC Academy,» documents obtained by CMD show the legislators were accompanied on a chartered flight by a gaggle of
oil - industry lobbyists, were served lunch by Shell Oil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipeli
oil - industry lobbyists, were served lunch by Shell
Oil, dinner by the Canadian Association of Petroleum Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar sands and the proposed Keystone XL (KXL) pipeli
Oil, dinner by the Canadian Association of Petroleum
Producers, and that the expenses of the trip were paid for by TransCanada and other corporations and groups with a direct financial interest in the Alberta tar
sands and the proposed Keystone XL (KXL) pipeline.