MEG Energy posts $225-million profit, completes turnaround at Christina Lake facility
MEG Energy Inc. reported a $225-million profit in its latest quarter as it completed on time and on budget the planned turnaround at its Christina Lake Phase 2B facility.
The Calgary-based oilsands developer says it earned 72 cents per diluted share in the second quarter, compared with 22 cents per share or $68 million a year earlier.
Calfrac reports higher revenue, lower net loss in second quarter amid higher pricing
Calfrac Well Services Ltd. reported a lower loss in its most recent quarter as its revenues climbed amid improved pricing and increased activity.
The oilfield services company says it lost $6.78 million or 18 cents per share in its second quarter, compared with a loss of $35.52 million or 95 cents a share in the same period last year.
Enbridge snaps up stake in West Coast LNG plant as demand surges
By Christopher Reynolds Enbridge Inc. has extended its push into liquefied natural gas as global demand soars, scooping up a stake in a proposed LNG project on the West Coast — even as the projected cost of the venture more than tripled. On Friday, the Calgary-based...
Enbridge net profit falls as revenues surge in second quarter to $13.22 billion
Enbridge Inc. says its earnings attributable to common shareholders dropped in its most recent quarter despite higher revenue.
The Calgary-based energy company says it earned $450 million or 22 cents per share in its second quarter, compared with $1.39 billion or 69 cents per share a year earlier.
Adjusted profits were $1.35 billion or 67 cents per share, compared with $1.36 billion or 67 cents per share in the same period of 2021.
Late night theft of copper wire from Estevan Meter; reward offered
Estevan Meter had a recent theft from their facility on the east side of Estevan.
According to surveillance footage, around 2 a.m. on July 15 a vehicle entered Estevan Meter’s parking lot and pulled up to their compound, where they then cut through the fence to access and steal a large quantity of copper wire.
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