04:10:45 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Energy Summary for March 20, 2017

2017-03-20 20:00 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery lost 56 cents to $48.22 on the New York Merc, while Brent for May lost 14 cents to $51.62 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.95 to WTI ($35.27), up from a discount of $13.55. Natural gas for April added nine cents to $3.04. The TSX energy index lost a fraction to close at 197.90.

Montney gas producers sat up as TransCanada sought to move up the schedule for its $1.4-billion North Montney Mainline, a 301-kilometre project intended to carry gas from the northeast B.C. Montney through the NGTL system and its connecting pipelines. The project has been in the works for years and has already received the main federal and provincial approvals that it needs, subject to conditions. One of those conditions was a positive final investment decision on the Petronas-backed Pacific NorthWest LNG (liquefied natural gas) terminal near Prince Rupert, B.C. This terminal is to be linked to the NGTL system by the $5-billion Prince Rupert gas transmission line, another of TransCanada's proposed projects. The final investment decision on the Pacific NorthWest terminal was originally expected in 2014, but has yet to arrive. Petronas told the Financial Post this month that the project continues to be under review.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed