Alberta predicting $2.4-billion surplus for petro-powered economy
Alberta is predicting a $2.4-billion budget surplus for its petro-powered economy this year, with plans to take a big bite out of its debt and put up guardrails to prevent eye-popping deficits when oil booms go bust.
Oil well cleanup program listed as ‘key objective’ in Alberta’s pre-election budget
By Bob Weber in Edmonton Alberta Premier Danielle Smith's last budget before an expected spring election gives strong support to a proposed tax break for energy companies to fulfil their legal cleanup duties but doesn't tell voters how much would be spent on it. The...
Baytex signs agreement to buy Ranger Oil in deal valued at $3.4B including debt
Baytex Energy Corp. has signed a deal to buy U.S. company Ranger Oil Corp. in a deal valued at C$3.4 billion, including assumed debt.
Ranger Oil operates in the Eagle Ford shale region in south Texas, an area where Baytex also has assets.
Alberta expecting another gusher in budget ahead of provincial election
Alberta is scheduled to introduce its budget Tuesday — the last before a spring provincial election — with political observers wondering what the province will do with all its billions of extra petrodollars.
Lithium in SK, Part 13B: Hub City announces highest lithium concentration to date, by a significant margin
REGINA – Last fall, Hub City Lithium drilled its first test well just west of the Viewfield crater, south of Stoughton. And on Feb. 21, ROK Resources, the operator and 25 per cent owner of Hub City, announced brine lithium concentrations that are the highest, by a substantial margin, publicly released to date in Saskatchewan. The balance of Hub City is owned by EMP Metals Corp.
This well, confirmed by third-party testing, showed lithium concentrations in the Duperow formation of up to 259 mg/L (milligrams per litre). ROK noted in a release that “According to public records, these test Results are the highest lithium concentrations ever recorded in a brine in Canada.”
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