Energy
 
 
 

January 17, 2019

 
 
Top news
 
MEG Energy shares tumble after Husky walks away from takeover bid
  MEG Energy shares tumble after Husky walks away from takeover bid
 

Jeffrey Jones

Husky Energy Inc. has abandoned its quest to acquire MEG Energy Corp. in a $3.3-billion hostile offer, confounding investors and triggering a selloff in MEG shares.

 
Husky said fewer than its threshold of two-thirds of MEG shares were tendered by a Wednesday deadline, so it chose to walk away and concentrate on its own business rather than extend the cash-and-stock offer. It had been widely expected to win its play for the oil-sands producer, as MEG had failed to attract a higher bid in a negative market for Canadian oil and gas stocks.

 
 
Full Story
 
 
Oil price update
 
Oil prices rally from early losses, boosted by news that OPEC has sharply curtailed production
Oil prices rally from early losses, boosted by news that OPEC has sharply curtailed production
 

Laila Kearney

Oil prices steadied on Thursday, boosted by a rebound in U.S. equities and news that OPEC sharply curtailed production in December, after earlier losses on fears about surging U.S. crude output and weakening global demand.

 
 
Full Story
 
 
Latest posted news
 
NEB rejects Burnaby’s bid to stop work at Trans Mountain pipeline terminal
  NEB rejects Burnaby’s bid to stop work at Trans Mountain pipeline terminal
 
Full Story
 
Bernier looks to generate support for People’s Party during East Coast stops
  Bernier looks to generate support for People’s Party during East Coast stops
 
Full Story
 
 
 
More stories below advertisement
 
 
  Russia can’t sharply cut its oil output, minister says
 
Full Story
 
  Husky walks away from hostile MEG Energy takeover bid
 
Full Story
 
  OPEC moves to avert glut ahead of new oil pact
 
Full Story
 
Canadians bring solar power to off-the-grid Africa
 
Full Story
 
 
2019 outlook
 
Market predictions, dividend darlings and lessons from Canada’s biggest pension: Your guide to investing in 2019
  Market predictions, dividend darlings and lessons from Canada’s biggest pension: Your guide to investing in 2019
 

S.R. Slobodian

The volatility that rocked the markets last year gives little indication of easing any time soon. Here’s what you need to know to protect and grow your money in the new year.

 
 
Full Story
 
 
Politics Briefing Newsletter
 
Deputy politics editor Chris Hannay writes our Politics Briefing newsletter from Ottawa every weekday morning. Join him as he provides a full rundown of the biggest political headlines of the day. For subscribers.
 
View More
 
 
About this newsletter
The Energy newsletter covers the Canadian and international energy industry and is sent daily on weekdays. It will include breaking news on energy production, pricing, distribution, and government policy. Visit The Globe's Resources section.

If you do not wish to receive this newsletter anymore, please refer to the unsubscribe link at the bottom of every email communication. Or, you can log into The Globe’s website and manage your preferences under Communication Settings.

Can't log in yet? Registration is free and allows you to read more articles for free. Here are tips to stay logged in.

To keep Globe newsletters out of your spam folder, please add Globe Newsletters to your address book.

If you have any feedback or questions about any Globe newsletters, please reach out to Scott Adams directly.