Encana Corp.’s sale of shares in a royalty unit as early as next month is poised to be the largest initial public offering in the Canadian oil and natural gas industry since 2010.
Encana Corp., Canada’s largest natural gas producer, will sell shares of a royalty unit in Alberta as early as next month as it seeks to profit from investor demand for returns based on production.
Expanding pipelines and railroads are helping Canada’s biggest energy companies get higher prices for oil, leaving bulls in command in the options market.
Canadian Natural Resources Ltd., the nation’s second-largest natural gas producer, agreed to buy Devon Energy Corp.’s conventional assets in Canada for C$3.13 billion ($2.86 billion) to boost output.
Canadian Natural Resources Ltd. aims to invest $7 billion to increase capacity next year and will raise 2012 oil output 17 percent to benefit from high oil prices, President Steve Laut said.
Canadian Natural Resources Ltd. said it expects production to resume at its Horizon oil-sands project in the third quarter.
U.S. President Barack Obama’s ruling on Keystone XL is becoming more critical for oil-sands producers such as Canadian Natural Resources Ltd. than pipeline builder TransCanada Corp.
Canadian Natural Resources Ltd. said it’s taking steps to improve the safety of its Primrose oil- sands project in Alberta after a series of spills.
Canadian Natural Resources Ltd., the country’s worst-performing major energy stock this year, is sitting on its shale-gas reserves until the price rebounds rather than joining the race to export the fuel to Asia.
Canadian Natural Resources Ltd., the country’s third-largest energy company by market value, is forecast by analysts to rally further after fixing a problem- plagued oil-sands plant.
"This adds value in the near-, mid- and long-term."
- Steve Laut on Feb 19, 2014