Canada’s oil industry faces a year of “tough slugging,” including the deferment of many projects, as oil prices collapse to as little as US$30 a barrel then likely stabilize around US$70 to US$75 a barrel, oil entrepreneur Murray Edwards predicted Friday.
Remember way back to last week when there was so much excitement about the rallying uranium price? Uh, yeah. So do we. Unfortunately, the market has taken a serious turn for the worse.
Two weeks ago, the Financial Post noted that Barrick Gold Corp. executives Kevin Thomson and Ammar Al-Joundi were loading up on shares. They have since been joined by one of the gold miner’s co-presidents.
After speaking to 7,000 individuals, 5,500 landowners and 158 First Nation and Metis communities across six provinces, TransCanada said it has submitted its 30,000-plus-page application for the Energy East pipeline.
Investors are uncertain about BHP Billiton Ltd.’s ambitions in the potash space, especially when it comes to its massive Jansen project in Saskatchewan.
Former Barrick Gold chief executive Jamie Sokalsky has been appointed a director and the next non-executive chairman of junior gold explorer Probe Mines Ltd.
Downward trending metallurgical coal prices has prompted Dundee Capital Markets to lower its 2014 and 2015 forecasts for the commodity, leading to a price target cut on Teck Resources.