10 Second Headlines

Mar. 18, 2016

CANADA Alberta Government appointed Terry Boston of Pennsylvania to lead talks with generators and provincial electrical grid operator to phase out coal-fired electricity by 2030. January retail sales increased 2.1% Y/Y; Alberta was the… Read More

Mar. 11, 2016

ALBERTA Feb/16 unemployment rate 7.9% (7.4% Jan/16 and 5.4% Feb/15). Canada 7.3% vs 7.2% Jan/16. February Y/Y Alberta lost 56,000 full time jobs while adding 35,000 part time. Consumer confidence in Alberta reached a… Read More

Mar. 4, 2016

ENERGY 2015 Canadian crude oil imports grew 16% to 736,000 boe/d including 400,000 boe/d from US (62.4% of total imports). Imports from Saudi Arabia comprise 11.4% and Nigeria 5.2% (triple 2014). In an effort… Read More

Feb. 26, 2016

“BREXIT” – WHAT DOES IT REALLY MEAN Britain, in an effort to stimulate their economy, joined the European Economic Community (pre-cursor to the EU) in 1973. By 2013 Britain was more prosperous than Germany,… Read More

Feb. 19, 2016

ENERGY On Tuesday Saudi Arabia, Russia, Venezuela and Qatar reached an agreement ‘in principal’ to cap production at record January 2016 levels, provided Iraq and Iran also agreed. US Gulf of Mexico crude-oil production… Read More

Feb. 12, 2016

ENERGY Short interest in S&P500 energy companies is now over 12%, the highest level in 10 years. Long interest in oil is running at 5 year highs. IEA is forecasting an excess 1.75 million… Read More

Feb. 5, 2016

ENERGY Global oil production is down only 0.1% since January 1, 2015. (source: Wood Mackenzie) Oil and gas companies cut US$380 billion in capital expenditures on 68 existing developments. (source: Wood MacKenzie). Among those… Read More

Jan. 29, 2016

ALBERTA ROYALTY REVIEW Recommended rates for oil-sands projects remain the same and cost accounting will be improved. Flat 5% royalty rate will be applied on wells until their revenues equal a cost allowance, after… Read More

Jan. 22, 2016

BANK OF CANADA ANNOUNCEMENT – GOVERNOR STEPHEN POLOZ The Canadian dollar has weakened too much and the economy remains stubbornly sluggish. The impact of low oil prices takes time to be reflected in the… Read More

Jan. 15, 2016

5 WARNING SIGNS OF AN IMPENDING RECESSION (Source: Tom Lee) Rising inflation, which causes the Federal Reserve to raise interest rates aggressively (No) Excess build-up of inventories (No) Inverted yield curve (ie: 30 year… Read More