00:49:07 EDT Thu 20 Sep 2018
Enter Symbol
or Name

Oil Summary
Symbol C : *MKTOIL
Recent Sedar Documents

Energy Summary for Oct. 5, 2017

2017-10-05 20:20 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery added 81 cents to $50.79 on the New York Merc, while Brent for December added $1.20 to $57 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.30 to WTI ($39.49), unchanged. Natural gas for November lost two cents to $2.92. The TSX energy index added 1.38 points to close at 189.73.

Another blow fell on the Alberta oil patch this morning, as TransCanada Corp. (TRP: $61.55) announced the disheartening decision to abandon its proposed Energy East pipeline, citing a "careful review of changed circumstances." The cancellation of the $15.7-billion project comes barely six weeks after the National Energy Board (NEB) announced that it would broaden its review of the project to include upstream and downstream emissions. TransCanada initially responded by requesting a 30-day suspension of the review to assess the "significant" (and, in many observers' eyes, redundant and overreaching) changes to the regulatory process. The suspension would have ended this Sunday. Now, TransCanada is simply calling off the project altogether.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2018 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.