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NEWS: Imperial Oil reports $908M Q3 profit compared with $3M a year ago

CALGARY — Imperial Oil Ltd. earned a third-quarter profit of $908 million as it reported its highest production for the quarter in more than 30 years and benefited from higher oil prices. The company says the profit amounted to $1.29 per diluted share for the quarter...

NEWS: Brookfield Infrastructure completes acquisition of Inter Pipeline; IPL to be delisted

CALGARY — Brookfield Infrastructure Partners L.P. says it has completed the acquisition of Inter Pipeline Ltd. The transaction was approved near unanimously by Inter Pipeline shareholders and received final approval from an Alberta court. Shareholders other than...

NEWS: Alberta tables bill to help municipalities recoup unpaid oil and gas property taxes

EDMONTON — The Alberta government has introduced legislation that it says would help municipalities recoup some of the millions of dollars in unpaid property taxes they’re owed by energy companies. “It’s a legal resource where the (municipalities)...

NEWS: Crescent Point Energy reports Q3 profit up from year ago as energy prices surge

CALGARY — Crescent Point Energy Corp. reported a third-quarter profit of $77.5 million, up from $500,000 a year earlier, helped by higher energy prices and increased production. The company says the profit amounted to 13 cents per diluted share for the quarter ended...

NEWS: Teck Resources Q3 profit up as commodity prices climb, beats expectations

VANCOUVER — Teck Resources Ltd. beat expectations as it reported a third-quarter profit of $816 million, up from $61 million in the same quarter last year, helped by strong commodity prices. The Vancouver-based miner says the profit amounted to $1.51 per diluted share...
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