Thursday July 31, 2014



Oil and Gas


top story

Suncor net income falls, takes charge on cancelled oilsands project

CALGARY - Suncor Energy Inc. (TSX:SU) said Wednesday its net income during the second quarter dropped by more than two thirds as it took some $1.2 billion in charges related to its holdings in the oilsands and in Libya....

posted: July 31,2014





Oil and Gas

Suncor net income falls, takes charge on cancelled oilsands project

CALGARY - Suncor Energy Inc. (TSX:SU) said Wednesday its net income during the second quarter dropped by more than two thirds as it took some $1.2 billion in charges related to its holdings in the oilsands and in Libya....


Lac-Megantic locomotive pulled from U.S. auction after request by Quebec police

MONTREAL - The lead locomotive in the Lac-Megantic rail disaster has been yanked from a U.S. auction following a request by Quebec provincial police....


Penn West Petroleum shares dive after accounting review finds faults

CALGARY - Shares in Penn West Petroleum Ltd. (TSX:PWT) fell sharply Wednesday after the company announced it's reviewing its accounting practices going back several years and will have to restate some of its past financial reports....


Cenovus weighing royalty spinout, adding rail expertise to leadership team

CALGARY - The CEO of Cenovus Energy Inc. says he's carefully considering whether to spin out 4.5 million acres of royalty land into a new entity, or if shareholders would be better off with the status quo....


Penn West's board, new CFO initiate independent review of accounting practices

CALGARY - Penn West Petroleum Ltd. (TSX:PWT) says its board has initiated an independent review of the company's accounting practices going back several years, after a preliminary internal review by the company's new chief financial...


Talisman frustrated at pace of asset sales, but encouraged by Duvernay interest

CALGARY - Talisman Energy has not been able to sell assets as quickly as it would like, but its land in Alberta's promising Duvernay shale has been attracting more interest recently, CEO Hal Kvisle said Tuesday....








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