13:26:49 EDT Tue 21 May 2019
Enter Symbol
or Name

Login ID:
Oil Summary
Symbol C : *MKTOIL
Recent Sedar Documents

Energy Summary for Feb. 25, 2019

2019-02-25 20:21 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 $1.78 to $55.48 on the New York Merc, while Brent for April lost $2.36 to $64.76 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.80 to WTI, unchanged. Natural gas for March added 12 cents to $2.84. The TSX energy index added a fraction to close at 157.18.

EnCana Corp. (ECA) added 22 cents to $9.29 on 21.6 million shares. About two weeks have passed since the company closed its $5.5-billion (U.S.) all-share takeover over Oklahoma-focused Newfield Exploration, giving itself a new foothold in the STACK/SCOOP shale play in the Anadarko basin. EnCana has spent these weeks making staff changes. According to CBC News, EnCana has been laying off an unspecified number of workers in Houston, Denver and Calgary. Houston was Newfield's headquarters; Denver and Calgary are where EnCana manages most of its U.S. assets (not counting Newfield's) and its Canadian assets, respectively. A spokesman for EnCana declined to give CBC News details about the layoffs, merely saying that EnCana is "quickly integrating the two companies to capture efficiencies and ensure our organization is appropriately staffed." According to the companies' most recent annual reports, EnCana had 2,107 employees as of Dec. 31, 2017 (1,157 in Canada and 950 in the United States), and Newfield had 1,010 employees as of Feb. 15, 2018 (all but 33 in the U.S.).

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

© 2019 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.