Oil & Gas, Oil Sands

Moody's puts 55 miners on review for downgrade 

Source: Print Archives | 2016-01-27
Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.

Editorial: Oil-to-gold ratio hitting all-time high 

Source: Print Archives | 2016-01-20
We’ve had another momentous week in the commodity markets, with oil prices dropping to 13-year lows below US$30 per barrel, copper sliding under US$2 per lb., the Canadian dollar dipping under US70¢ and world stock markets hobbling...

Editorial: The new year starts with a lurch 

Source: Print Archives | 2016-01-06
Those returning to work on Jan. 4 with a bit of optimism for the mining industry after a brutal 2015 were hit with a sick feeling in the stomach as global markets dove on the first day of trading in the new year, in defiance of the usual...

Canadian Oil Sands CEO touts investors' 'rich opportunity' 

Source: Print Archives | 2015-12-09
Canadian Oil Sands (TSX: COS) management remains on the offensive in the face of a hostile takeover bid from Suncor Energy (TSX: SU; NYSE: SU) that it calls “opportunistic and exploitive.” On Dec. 1, president and CEO Ryan Kubik...

Editorial: Copper, iron, oil, gold prices all head south 

Source: Print Archives | 2015-11-18
Miners across the globe gritted their teeth in mid-November as commodity prices slumped further, continuing a decline that began more than a month ago.

Another wave of red across Freeport's quarterly results 

Source: Print Archives | 2015-11-04
VANCOUVER — Heavily weighted in the copper and energy business, mining giant Freeport-McMoRan (NYSE: FCX) is enduring the worst of the commodity rout, with big losses announced in its third-quarter fiscal results.  

Editorial: Oil crash hits Ecuador's public finances 

Source: Print Archives | 2015-11-04
Ecuador’s Minister of Strategic Sectors, Rafael Poveda, seemed tired when he sat down with The Northern Miner in Quito last week. The minister, who has a degree in law and an MBA, had returned the night before from China, where, off and...

US equities rise, Oct.19-22 

Source: Print Archives | 2015-10-28
U.S. stocks climbed on the back of strong housing figures for September; better-than-expected earnings from major companies like eBay, Microsoft and Amazon; and signs that the European Central Bank would consider more stimulus measures to boost...

TSX climbs higher, Oct. 19-22  

Source: Print Archives | 2015-10-28
The Toronto stock market ended higher as investors took in prime minister-designate Justin Trudeau’s majority win in the federal election. Canada’s new prime minister promises to invest heavily in infrastructure, among other areas,...

Editorial: Teck, Freeport burned by falling oil and gas prices  

Source: Print Archives | 2015-10-28
It must have seemed like a good idea at the time a few years ago when Teck Resources and Freeport-McMoRan management bought deeper into the oil and gas sector and diversified further away from their mining businesses, but those decisions to...