Precision Drilling reports $95.8M Q1 profit, revenue up nearly 60% from year ago
Precision Drilling Corp. reported a first-quarter profit compared with a loss a year ago as its revenue rose nearly 60 per cent, helped by stronger drilling activity and price increases in the U.S. and Canada.
Cenovus reports new CEO, Q1 profit down, lowers production guidance and raises dividend
CALGARY– Cenovus Energy Inc., Saskatchewan’s largest oil producer with significant operations in the Lloydminste rarea, delivered upstream production in the first quarter of 779,000 barrels of oil equivalent per day (BOE/d)1 and downstream throughput of 457,900 barrels per day (bbls/d). The company generated $1.4 billion in adjusted funds flow and cash used in operating activities was $286 million. First-quarter results reflect lower commodity prices, reduced production in the upstream business and lower operating throughput in the downstream compared with the fourth quarter. Consistent with Cenovus’s commitment to shareholders, the Board of Directors approved a 33% increase in the company’s base dividend, to $0.56 per share annually starting in the second quarter of 2023.
Trudeau speaks of supplying natural gas to Germany, despite his government killing Energie Saguenay. And he wants to build lots of nuclear, too
OTTAWA - Prime Minister Justin Trudeau wants Canada to produce some of the last barrels of oil to be used, but it should be processed into petrochemicals, not burned. That was part of his response to a student asking about shipping LNG to Canada. His answer...
Top 10 new wells in Saskatchewan in February
Six of these wells, including the No. 1 well, were drilled on the western side of the province. The fact that significant numbers of the top producers were on both the eastern and western sides of the province perhaps is a testament of the diversity of Saskatchewan’s oil resource base,
Democracy, values give West an edge in race for green technology, Trudeau says
Democracies like Canada can be “reliable suppliers” of goods that espouse both environmental sustainability and the rule of law, Prime Minister Justin Trudeau said Monday.
Trudeau spent the day at various events with German President Frank-Walter Steinmeier, who was in Canada for an official visit.
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