oilandgasstocks
Crescent Point Energy (TSX:CPG,NYSE:CPG) has struck a deal with Saturn Oil & Gas (TSX:SOIL,OTCQX:OILSF) to divest certain non-core assets in Saskatchewan as part of its long-term sustainability plan. “This transaction allows us to realize value for these non-core assets which had limited impact in the Company’s future plans while continuing to focus on our priorities of operational execution, optimizing our balance sheet and increasing our return of capital,” said Craig Bryksa, president and CEO of Crescent Point, in a company press release. The strategic move involves the sale of assets, incl...
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Prices for Brent Crude and West Texas Intermediate trended higher during the first quarter of 2024, following a volatile 2023 which saw prices make broad fluctuations but end the year range bound at their start levels. Ongoing tensions stemming from the Russia-Ukraine conflict led to concerns about potential disruptions to global oil supplies, contributing price support. Global economic conditions, such as inflation concerns, monetary policy decisions, and geopolitical tensions in oil-producing regions, played a significant role in shaping oil price movements during the quarter with both bench...
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The S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 31.43 points last week to close at 586.55. The US Bureau of Economic Analysis (BEA) released its advance estimate for first quarter GDP growth this past Thursday (April 25). Though still incomplete, the data shows a slowing growth rate for real GDP — it increased 1.6 percent on a year-on-year basis, considerably lower than the fourth quarter of 2023, which saw growth of 3.4 percent. While analysts had expected slowing growth, the numbers were below analysts' forecasts. The GDP report came alongside a release from the BEA this past Friday (...
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Hydrogen stocks are benefiting from cleantech sector momentum as the world moves closer to a green energy future. The most abundant element on Earth, hydrogen is a colorless gas. It can be produced in liquid form and burned to generate electricity, or combined with oxygen atoms in fuel cells. In this way, hydrogen — which produces no carbon emissions — can replace fossil fuels in household heating, transportation and industrial processes such as steel manufacturing. Rising demand for carbon-free energy sources alongside significant new government policies are driving growth in the hydrogen mar...
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