21:46:14 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Energy Summary for Jan. 14, 2022

2022-01-14 19:44 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 February delivery added $1.70 to $83.82 on the New York Merc, while Brent for March added $1.59 to $86.06 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.53 to WTI, down from a discount of $12.46. Natural gas for February lost one cent to $4.26. The TSX energy index added 5.32 points to close at 190.31.

Pat Carlson's Kiwetinohk Energy Corp. (KEC) added $2.50 to $12.50 on 95,500 shares, on its first day of trading on the TSX. The company -- whose name begins with a Cree word pronounced like "key-wheat-in-no," though investors understandably tend to use the abbreviation KEC -- is an Alberta Montney producer that also has carbon capture and renewable power projects. It went public this morning without an accompanying financing.

KEC's chief executive officer is 67-year-old Mr. Carlson, a familiar name in energy circles. He started out as a BP engineer in 1975 and got into energy start-ups in 1998. From 1998 to 2007, he co-founded and sold Passage Energy, Krang Energy and North American Oil Sands, all private companies, whose sales brought 65- to 200-per-cent returns for founding investors. Mr. Carlson then founded Seven Generations Energy in 2007 and decided to take it public for a change. After an $18-a-share IPO in 2014, the stock got to nearly $33 in 2016 and was still worth about $25 when Mr. Carlson retired in 2017. It entered a painful slump after that, getting as low as $1.15 in 2020, but was ultimately sold to ARC Resources Ltd. (ARX: $13.61) in April, 2021, in a deal that valued its shares at about $8.20.

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

© 2025 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.


Comments for this item are closed