CALGARY — Cenovus Energy Inc. recorded a massive upswing in profit in its latest quarter amid increased commodity prices and higher margins. The Calgary-based oil producer had net earnings of $2.4 billion in the second quarter, or $1.23 per basic share, compared with...
CALGARY — TC Energy Corp. posted a lower quarterly profit as its Coastal GasLink project reaches a “significant milestone.” The Calgary-based energy producer says its net income attributable to shareholders was $889 million or 90 cents per diluted share in...
By Christopher Reynolds The projected cost of the contentious Coastal GasLink pipeline spanning northern British Columbia has jumped 70 per cent to $11.2 billion in the wake of a freshly inked deal between operator TC Energy Corp. and the group building a liquified...
CALGARY — Precision Drilling Corp. says it had a net loss of $24.6 million for the second quarter, down from a net loss of $75.9 million in the same quarter last year. The net loss for the quarter ending June 30 worked out to $1.81 per share, compared with $5.71 per...
CALGARY — MEG Energy Inc. reported a $225-million profit in its latest quarter as it completed on time and on budget the planned turnaround at its Christina Lake Phase 2B facility. The Calgary-based oilsands developer says it earned 72 cents per diluted share in the...
