14:09:38 EDT Tue 25 Jun 2019
Enter Symbol
or Name

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

Energy Summary for April 12, 2018

2018-04-12 21:26 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 May delivery gained 25 cents to $67.07 on the New York Merc, while Brent for June lost four cents to $72.02 (all figures in this para U.S.). Western Canadian Select traded at a discount of $16.80 to WTI ($50.27), unchanged. Natural gas for May gained one cent to $2.69. The TSX energy index gained a fraction to 189.80.

Oil and gas producers had a mixed day. MEG Energy Corp. (MEG) gained 12 cents to $5.93 and Athabasca Oil Corp. (ATH) gained four cents to $1.38. Meanwhile, Peyto Exploration & Development Corp. (PEY) lost 24 cents to $11.62 and Bonavista Energy Corp. (BNP) lost four cents to $1.37.

Egypt- and Morocco-focused SDX Energy Inc. (SDX) gained two cents to 94 cents on 1.39 million shares, having found gas at the Ibn Yunus-1X well on its South Disouq project in Egypt. The well encountered 100.8 feet of net gas pay, and it is the company's second gas discovery at the project. President and chief executive officer Paul Welch is "extremely encouraged" by the "highly positive" result. Extremely encouraged though he may be, SDX Energy will not yet test the well. Once it removes the drilling rig, it expects to wait for 30 to 45 days before it can obtain testing equipment. There is no need to hurry, though. The company made its first gas discovery at South Disouq a year ago, but until now it has not begun production at the project. It is stuck in prolonged negotiations with the Egyptian government over gas prices. It had hoped to put South Disouq on production in the first quarter of 2018, but now it is pointing to the second half of 2018.

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.

Comments for this item are closed