By Amanda Stephenson in Calgary Crescent Point Energy Corp. is increasing its use of hedging to protect itself against commodity price swings. Like other Canadian energy producers, the Calgary-based oil and gas company — which has drilling operations in Alberta,...
Heavy spring flooding has made Line 5 an “imminent threat” to Lake Superior and a key Indigenous watershed, lawyers argued Tuesday in an emergency motion to shut down the controversial cross-border pipeline. Lawyers for the Bad River Band of the Lake...
By Amanda Stephenson in Calgary The new top boss at Suncor Energy Inc. says he will be sharply focused on cost-cutting as he embarks on the task of improving performance at the oilsands giant. Rich Kruger, who took over as Suncor’s new CEO on April 3, pledged...
Canadian Natural Resources Ltd. saw its profits in the first quarter decline 41 per cent year-over-year as oil prices weakened. The Calgary-based company, which is Canada’s largest oil and gas producer by market capitalization and a darling of the...
CALGARY — Parkland Fuel Corp. said Thursday its Burnaby, B.C. refinery is not for sale, even in the face of pressure from an activist investor. The Calgary-based fuel retailer and convenience store operator has been the subject of a campaign by U.S.-based Engine...
