10 Second Headlines

Nov. 30, 2018

ALBERTA ECONOMIC UPDATE Finance Minister Joe Ceci provided Alberta’s Q2 economic update today: Alberta’s debt is $41 billion; Calgary Herald is expecting total debt in-excess of $90 billion by 2023-2024 Provincial deficit 2018-2019 is… Read More

Nov. 23, 2018

ENERGY In the past 10 years, US companies have drilled 114,000 wells in the Texas Permian basin many of which are profitable at US$30 per barrel. 3 new pipelines will be online from the… Read More

Nov. 16, 2018

ENERGY Cdn Assoc. of Petroleum Producers estimates that the deep Western Canadian Select discount is costing Canada approx. $50 million/day for a total of $13 billion in the first 10 months of 2018. Premier… Read More

Nov. 9, 2018

IMPERIAL OIL $2.6 BILLION ALBERTA OIL SANDS Imperial Oil to begin construction in Q4 2018 of the $2.6B solvent-assisted SAGD (steam assisted gravity drainage) Aspen project, located northeast of Fort McMurray. 1st phase 75,000… Read More

Nov. 2, 2018

CHARTERED FINANCIAL ANALYST BREAKFAST, CALGARY, NOVEMBER 1, 2018 The distance between WTI and Western Canadian Select (WCS) is as wide as the distance between Alberta and Ottawa. Dan Tsubouchi, Chief Market Strategist, Stream Asset… Read More

Oct. 26, 2018

ONE-ON-ONE WITH RAFI TAHMAZIAN OF CANOE FINANCIAL From a global perspective, investors are treating Canadian energy companies as if ‘they are in jail’. The carbon tax focuses on the supply / industry side and… Read More

Oct. 19, 2018

NATIONAL BANK FINANCIAL – 2018 ECONOMIC LUNCHEON, OCTOBER 17TH Stéfane Marion – Chief Economist and Strategist Canada has dropped to 12th place vs 10th place Y/Y in the World Economic Forum’s Global Competitiveness Index.… Read More

Oct. 12, 2018

WESTERN CANADIAN SELECT (WCS) ‘DISCOUNT’ – TRAVIS WOOD AND DAN PAYNE, NATIONAL BANK FINANCIAL Western Canadian Select discount is nearly $50 US per bbl vs an historical average of $15. With WTI at $71,… Read More

Oct. 5, 2018

Jobs report Canada Canada gained 63,000 jobs in September, unemployment rate 5.9% versus 6.0% M/M. Increase driven by part time jobs, gain of 80,000, full time jobs declined by 17,000. In Alberta, unemployment rate… Read More

Sept. 28, 2018

Global Business Forum, Banff (September 27-28, 2018) Ambassador David McNaughton, Canadian Ambassador to the United States: The purpose of NAFTA was to make our 3 countries more competitive globally. Trade has increased 9 fold… Read More