Birch Mountain Resources Ltd. announces that the Special Committee of independent directors and the Board have determined that it is imperative to pursue an immediate sale of the Company to unlock maximum value for its shareholders. The Company believes that the current lack of liquidity has compressed Birch Mountain’s share price to a level significantly [...]
Suncor Energy Inc. says production at its Alberta oil sands operation is expected to ramp up over the next several days as a planned maintenance shutdown of one of its two oil sands upgraders is completed.
The company says planned shutdowns are part of the normal operations at the facilities. This one began May 18. Unplanned [...]
Baffinland Iron Mines Corporation announces several additions to the Baffinland team charged with advancing the Company’s world class Mary River iron ore deposits to development. Since Rod Cooper, P. Eng., Vice President Operations and COO, and Rob Chausse, C.A., Vice President and CFO, joined the Company in March 2006, Baffinland management has successfully recruited additional [...]
Canada’s oil-soaked sands are hot while natural gas drilling has cooled, illustrating the long-term nature of one business and shorter-term vulnerability to price swings of the other, analysts say.
“The economic life associated with these projects is measured in years, if not decades, as opposed to a 45-day gas well in Canada,” said Bill Herbert, co-head [...]
Donnie Lewis says he’d quit the coldest, dirtiest job he’s ever known — drilling in Canada’s oil-rich bogs for Suncor Energy Inc. — if it wasn’t for the free private room, maid service and five-course meals.
“I wouldn’t do it if I had to share a room with six other fellows, all snoring and making a [...]
John Rogers, vice president investor relations of Suncor Energy Inc. will speak at the CIBC Institutional Investor Conference on Thursday, February 22 at 8:00 a.m. PT (11:00 a.m. ET). The presentation will review Suncor’s performance, growth strategy and outlook.
A live webcast of the conference and presentation can be accessed from the Investor Information section of [...]
Ken Alley, senior vice president and chief financial officer of Suncor Energy Inc. will speak at the Credit Suisse 2007 Energy Summit Conference on Friday, February 9 at 7:35 a.m. MT/9:35 a.m ET. The presentation will review Suncor’s performance, growth strategy and outlook.
A live webcast of the conference and presentation can be accessed from the [...]
Texola Energy Corp. recently announced that it has been advised by Tasman Exploration Ltd., the Operator on the Company’s Chinchaga Suncor Gas Prospect, Alberta, Canada, that it has signed a drilling contract for the resumption of drilling on its first well location, and has also reserved the drilling rig for two additional wells. According to [...]
The Chin Chute Wind Power Project, a 30-megawatt joint venture project between Acciona Wind Energy Canada Inc., Enbridge Income Fund, and Suncor Energy Products Inc., is now operational and sending electricity to the Alberta Interconnected Electric System. The $60 million facility is located 20 kilometres southwest of Taber.
Although turbine and substation construction were completed in [...]
Canadian stocks may struggle to build on this month’s rally as energy producers such as Petro-Canada may fall along with oil prices.
Losses in the market may be limited after Alcan Inc. and Rogers Communications Inc. reported earnings that exceeded analysts’ estimates.
The Standard & Poor’s/TSX Composite Index may also be supported by higher prices for industrial [...]
