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Canadian Oil Surge to U.S. Gulf Puts Mexico on Defensive: Energy

2014-12-29 02:43:44| Energy - Topix.net

The new Seaway Twin pipeline will almost double the amount of heavy Canadian crude coming to Gulf terminals and plants to about 400,000 barrels a day starting in January, according to Calgary-based based ARC Financial Corp. The shipments are growing even without the Keystone XL pipeline, which has been delayed for six years because of environmental opposition. The Canadian supply will square off against crudes from Mexico and Venezuela that have traditionally fed refineries along the Texas and Louisiana coasts.

Tags: mexico energy oil canadian

 

Top Oil Sands Pick: Canadian Natural Resources

2014-12-23 20:05:54| Oil & Gas - Topix.net

Canadian Natural Resources is not only Canada's largest natural gas producer it also has 4,420 MMbbl of proved crude oil and NGLs, natural gas liquids, reserves as of 2013 year end. According to the company's latest presentation its' reserve base makes it the largest peer in a group including the likes of Suncor , Apache , and Imperial Oil .

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Ackman concedes oil plunge will hit Canadian Pacific Railway

2014-12-18 19:48:44| Railroads - Topix.net

CP shares have been on a roller coaster since October as investors weighed the effect of the lower crude prices on the company that has pegged one-third of its growth to soaring demand to move oil by train. RBC says lower oil prices don't necessarily mean more spending power for Canadian consumers.

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Crude oil price plunge sinks Canadian railway stocks

2014-12-03 04:04:33| Railroads - Topix.net

Rail cars loaded with canadian wheat travel through the Rocky Mountains on the Canadian Pacific railway line near Banff, Alberta, October 6, 2011. Share prices for Canadian Pacific Railway Ltd. and Canadian National Railway Co.

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Canadian Natural Resources chairman sees oil touching US$30 a barrel

2014-11-29 23:32:57| Energy - Topix.net

Canada's oil industry faces a year of "tough slugging," including the deferment of many projects, as oil prices collapse to as little as US$30 a barrel then likely stabilize around US$70 to US$75 a barrel, oil entrepreneur Murray Edwards predicted Friday. Because of its high costs, the Canadian sector will be impacted more than many oil-producing jurisdictions around the world by OPEC's decision Thursday to not cut oil production, said Mr. Edwards, the chairman of Canadian Natural Resources Ltd. and one of Canada's single biggest oil investors.

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