Sentences with phrase «bought oil and oil»

Not exact matches

The quest to regain the top producer spot in one of the most - prolific U.S. shale basins had eluded Hamm's Continental since at least 2014, when Whiting bought smaller rival Kodiak Oil and Gas.

CEO Rob Peabody said Husky cut back heavy oil production by about 5,000 barrels per day in the first quarter and substituted mainly blended bitumen bought from other Alberta oilsands companies to send to its U.S. refineries in Ohio and Wisconsin or to the refining complex on the U.S. Gulf Coast.

The stock has soared more than eight per cent over the past week on speculation the company could buy the retail operations of oil and gas giant Hess, which owns about 1,350 gasoline stations in 16 East Coast states.

China and India bought more than half of the oil.

Fifth - generation president and CEO Hartley Richardson bulked up its Tundra Oil & Gas subsidiary last year, buying 550 wells in Manitoba from a retreating American operator, EOG Resources.

He bought EOG Resources and Marathon Oil, and was wrong on both accounts.

Lewenza recommends buying stocks in integrated companies — those that both produce and refine oil, so that one part of the business is essentially benefiting from the misfortune of the other — as well as in oil transportation, such as pipeline companies.

As oil prices have fallen, defaults in the sector have risen — about a quarter of all corporate bond defaults in 2015 were energy related, according to Moody's — and that's made traders even more reluctant to buy.

The owner of 26 Valvoline Instant Oil Change franchises in North and South Carolina had previously gotten loans to buy locations, but also had about 20 rejections.

Jefferies equities analyst, Jason Gammel discusses how geopolitics are influencing oil prices in the first trading day of 2016, and when oil equities will become a buying opportunity.

With easy - to - use business tools, omni - channel technology is about buying a great cupcake and a delicious olive oil.

«They have money and are fed up with [the cycle of] being hired and rehired in the oil industry, so now many are looking to buy a business.»

PDVSA also regularly buys U.S. light crude for processing at its Isla refinery in Curacao and to formulate an exportable Dilute Crude Oil (DCO) blend that is shipped from the Caribbean island to customers in the United States and Asia.

About a half of those imports are heavy naphtha, bought by PDVSA to dilute its extra heavy oil output and make it suitable for export.

Buy WTI — Oil prices are set to pick up throughout 2017 as OPEC and non-OPEC members implement an output cut deal.

• Paramount Resources (TSX: POU) will buy the Canadian subsidiary of U.S. oil and gas firm Apache Corp (NYSE: APA) for C$ 459.5 million ($ 353.7 million USD), according to Reuters.

After some minutes, he removes the lighter and still wants to buy the car oil and the liquor and I (a bit scared) try to say again that he needs more money.

The man intends to buy some sort of liquor, a lighter, and a bottle of car oil.

Take the advice of oil mogul T. Boone Pickens and carry around only the cash that you need for what you intend to buy.

When the news broke late on Wednesday in Moscow, Russian and western media trumpeted it as the energy deal of the year: Glencore (glncy), the world's biggest commodities house, and the Qatar Investment Authority had agreed to buy a 19.5 % stake in Rosneft, Russia's national oil champion, for 10.5 billion euros ($ 11.1 billion).

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

If the oil traders are right, they can make money by buying oil at today's spot price, selling a futures contract for delivery at the higher price expected in the future and storing the oil in the meantime.

It felt a little forced considering that there is a very small chance I'd go home and tell my wife that I bought this particular motor oil because they had re-imagined it.

Oil and gas company Zeta Petroleum has launched a proposal to acquire full ownership of Sydney - based Pan Pacific Petroleum by buying all the shares it doesn't already own in the company, in a deal worth $ 29.4 million.

Iran's oil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's ooil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's oOil Ministry's news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran's oiloil.

Obama said Putin's Russian economy «doesn't produce anything that anybody wants to buy,» except oil, gas and arms.

«Particularly with oil prices hitting lows at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said in a phone interview.

In 2001, with an investment of $ 1 million, Army vet Hulburt co-founded Rex Energy, an independent energy outfit he grew into a $ 300 million company by buying up oil and gas fields before taking it public in 2007.

Neither cut was a particular surprise: Buffett had previously said he erred in buying Conoco at a peak price for oil (though now, of course, the commodity's rising price is putting a different cast on the investment) and he had publicly protested Kraft's 2010 purchase of Cadbury, which he thought not in the interests of Kraft's shareholders.

Those looking to buy in Calgary's Springbank neighbourhood, many of whom are often oil and gas company executives, are presented with the same amenities, including a short commute to downtown, but with a few unique features.

In 2002 and 2003, Berkshire bought 1.3 % of China's dominant oil company PetroChina (PTR) for $ 488 million.

It buys oil products from refiners and delivers it to corporate customers such as FedEx and GM all over the country.

LONDON, March 27 - Global oil traders Vitol and Glencore are in talks to financially back Nigerian firms racing to buy assets owned by Brazil's Petrobras valued at up to $ 2 billion, several sources familiar with the matter said.

HONG KONG — China's state - owned CNOOC says first half - profit rose 8 per cent on higher oil and gas output after buying Canada's Nexen.

The operator of the Circle K convenience store chain in the United States is seen as a likely bidder to buy the retail assets of oil and gas giant Hess.

Franco - Nevada Corp. (FNV: $ 44.16) A royalty company that buys interests in a diversified range of gold mines as well as interests in oil and gas and other assets.

In the last couple of months, oil has tended to move inversely to the dollar, as weakness in the currency makes it cheaper for non-U.S. investors in crude to buy and vice versa.

But politicians, especially from the Maritime provinces, were also of the view that their taxpayers had bought and paid for the western timber, farmlands, coal and later oil and gas with the payout to the Hudson's Bay Co..

Cenovus reported fourth - quarter net income of $ 620 million or 50 cents per share on Thursday, well ahead of $ 91 million, or 11 cents per share, in the year - earlier period, thanks to better refinery profits, stronger oil prices and production that almost doubled after it bought out its oilsands partner, Houston - based ConocoPhillips, last year.

Total closed a $ 450 million deal to buy Marathon Oil's 16.33 percent stake in Waha in March, but the deal drew criticism in Libya and the NOC is currently examining whether to intervene in one way or another.

The refineries that buy crude oil and process it into products like gasoline and diesel have long been clustered around the edges, near the coasts.

Ervin said cutting off light oil supplies through Trans Mountain would hurt Alberta - based Parkland Fuels Corp., which bought the 55,000 - barrel - per - day Burnaby refinery last year and has enjoyed good margins thanks to its access to low - cost Alberta feedstock.

Canada is the biggest U.S. supplier of foreign oil, and it buys some U.S. crude and sells it gasoline, natural gas and electricity.

In 2002, he fired nearly half of PDVSA's workforce, and at times he tasked PDVSA with duties that had nothing to do with the oil business, such as buying and distributing food, or loaning money to farmers.

They will still be there but as soon as they can't meet their debt obligations or go bankrupt, a major oil producer such as Shell or Exxon will simply swoop in and buy them out.

And he did recite the usual talking points: Would Americans rather buy heavy oil from Canada or Venezuela?

He said Russia's economy «doesn't produce anything that anybody wants to buy,» except oil, gas and arms.

It bought a small refinery in Great Falls, Mont., to hedge against a huge spread between bitumen and synthetic crude oil prices.

It also counted 180,000 barrels of upgraded oil per day from the oilsands operations it bought for about $ 11.1 billion in cash and shares from Royal Dutch Shell last spring.

In keeping with the idea that every company is a tech company, we'll have plenty of speakers representing other industries, including General Motors President Dan Ammann, who is trying to keep his company relevant in an era of ride sharing and self - driving cars; Charles Koch, CEO of Koch Industries, which owns oil pipelines, a lumber business, and a fertilizer producer; and Toys R Us CEO Dave Brandon, who must grapple with the shift by customers to buy online.