Canada’s Other Oil Patch: East Coast Offshore Projects
Although overshadowed by the Alberta oil sands, offshore drilling on Canada’s east coast holds some interesting prospects.
Although overshadowed by the Alberta oil sands, offshore drilling on Canada’s east coast holds some interesting prospects.
In an exclusive interview, Bob Sewell, President of Bellwether Investment Management indicated, "While higher oil prices may result in some increase in natural gas prices, the reality is that natural gas supply is so abundant with additional supply coming on line regularly we don’t see this imbalance resolving itself anytime soon."
Suncor Energy Inc. (TSE:SU) reports fourth quarter 2010 net earnings of $1.353 billion.
Suncor Energy Inc, Canada's largest energy company, has just announced that it has agreed to a transaction with Direct Energy to sell natural gas assets for about $358.5 million. The deal comes as part of Suncor’s strategic business alignment and ongoing plans to divest of a number of non-core assets totaling $2.8 billion.
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