Hopeful signs fuel a quiet rebound in Canadian oil and gas industry stocks GlobeBusiness
This translation has been automatically generated and has not been verified for accuracy.industry, its prospects long shrouded in political and regulatory fog, endless struggles to add export capacity and weak domestic prices for its products.
In the past year, oil and gas companies on the Toronto Stock Exchange have climbed 16 per cent, and momentum has picked up in the past two months. The S&P/TSX Capped Energy Index has easily outpaced the U.S. energy-company index, which is down 1.7 per cent on the year. The exception to the stick-to-your-knitting rule is Tourmaline. Investors have responded enthusiastically to its move to spin off assets into a royalty and energy infrastructure company worth $775-million, with plans to take it public.
Canadian natural gas has held at more than $2 a gigajoule after a summer when its value fell to zero at times because of tight pipeline capacity.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joel Embiid stars as Philadelphia 76ers beat Milwaukee BucksEmbiid had 31 points and 11 rebounds in Philadelphia’s first home Christmas game in 31 years
Read more »
Report: Indiana Pacers' Victor Oladipo hopeful for late January return - TSN.caIndiana Pacers guard Victor Oladipo is hoping to return in late January or early February from a ruptured right quad tendon, according to ESPN's Adrian Wojnarowski.
Read more »
Bianca Andreescu named The Canadian Press female athlete of the yearTennis star Bianca Andreescu has been named The Canadian Press female athlete of the year.
Read more »
Kevin Clark snipes hat trick as Canada beats Trinec 4-1 to open Spengler CupKevin Clark snipes hat trick as Canada beats Trinec 4-1 to open Spengler Cup Globe_Sports
Read more »
Blake Griffin, Andre Drummond lead Detroit Pistons to rout of Washington Wizards - TSN.caBlake Griffin had 14 points and a season-high 11 rebounds and the Detroit Pistons routed the Washington Wizards 132-102 on Thursday night in a matchup of short-handed teams.
Read more »
Pistons rout Wizards in battle of injury-ridden teams - Sportsnet.caBlake Griffin had 14 points and a season-high 11 rebounds and the Detroit Pistons routed the Washington Wizards 132-102 on Thursday night in a matchup of short-handed teams.
Read more »