CALGARY — Oilsands producer MEG Energy Corp. says its profits fell during the second quarter compared with a year earlier. Net earnings for the quarter came in at $67 million, or 26 cents per diluted share, compared with $136 million, or 50 cents per diluted share,...
Capital Power Corp. says it’s holding out for an opportunity to power a large-scale data centre at its Genesee Generating Station, but Alberta’s grid operator is not currently making enough electrical connection capacity available for the size of project...
Precision Drilling Corp. says the outlook for its business is improving enough for it to reverse cuts to its capital spending program it had made amid economic uncertainty earlier this year — and further increase it. “While macro uncertainties persist, customer...
CALGARY — Oilsands giant Cenovus Energy Corp. has been cited by industry watchers as one of the potential competing bidders for MEG Energy Corp., which has spurned an unsolicited offer from Strathcona Resources Ltd. and launched a formal review of alternative options....
CALGARY — Enbridge Inc. says it will invest US$900 million on a 600-megawatt solar project that will support Meta Platforms, Inc.’s data centre operations. The Calgary-based pipeline company says construction is underway for the project dubbed Clear Fork,...
