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Writedowns pile on amid crash in resource values

Canada’s natural resources are simply not worth as much as they were just a few years ago.

Jameson Berkow, Reporter, BNN

Posted on 10-22-2015 at 11:10 AM

Precision Drilling writes down assets, says spending to plunge

Precision Drilling Corp. is writing down the value of its assets and planning for a much smaller capital spending budget next year, the company said Thursday as it reported a 38 per cent decline in third-quarter revenue.

The Canadian Press

Posted on 10-22-2015 at 7:57 AM

Get used to $45 oil: Gwyn Morgan

Gwyn Morgan thinks $45 oil is here to stay for some time. In an interview on BNN, the former chief executive of energy giant Encana said the current price environment for crude looks set to persist for at least the next year.

Ian Vandaelle, Chase Producer, BNN

Posted on 10-20-2015 at 7:09 PM

White House: Canadian election unlikely to affect Keystone timing

The White House said on Tuesday the new Canadian government could do more to address climate change ahead of international negotiations on the issue next month in Paris, a top priority for U.S. President Barack Obama in his 15 months remaining in office.

Jeff Mason And Roberta Rampton, Reuters

Posted on 10-20-2015 at 2:39 PM

What the Trudeau victory means for Canadian energy stocks

Canada elected a new majority government led by Justin Trudeau on Monday night, but only some Canadian energy executives will celebrate the historic victory.

Jameson Berkow, BNN

Posted on 10-20-2015 at 10:44 AM

Canadian Oil Sands rejects Suncor’s $4.3-billion ‘exploitive’ hostile bid

BNN has learned that Canadian Oil Sands has not been in talks with any third party. A source familiar with the situation says there is always the possibility it will remain an independent company.

Amber Kanwar, BNN and Bertrand Marotte, The Globe and Mail

Posted on 10-19-2015 at 7:09 AM

GE developing ways to 'dramatically reduce' water costs in the oil sands

General Electric Canada is working with Suncor Energy Inc. on advanced desalination technologies to reduce water costs for new oil sands projects.

BNN Partner Services

Posted on 10-17-2015 at 3:54 PM