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energy and resources
Big 3 oilfield service providers to get lift from international, offshore demand
FILE PHOTO: A pump jack operates at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford
opinion
Contra Guys: This under-the-radar gold-related stock is ready to pop
Philip MacKellar
energy and resources
Precision Drilling reports rise in third-quarter profit, revenue as North American activity increases
Precision Drilling Corp. has signed a deal to buy the Canadian well servicing business  of High Arctic Energy Services Inc. for $38.2 million in cash. Trainees Dan Brook and Bradley Williams are directed by instructor Clint Dyck while training to lay down drill pipe on a rig floor, at Precision Drilling in Nisku, Alta., on January 20, 2016. THE CANADIAN PRESS/Jason Franson
inside the market
Monday’s small-cap stocks to watch
inside the market
Tuesday’s analyst upgrades and downgrades
A Sobeys grocery store in Toronto on March 16. 2021.
energy and resources
Precision Drilling reports first-quarter loss, revenue up nearly 50% on growing demand
Trainees lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., on Friday, January 20, 2016.THE CANADIAN PRESS/Jason Franson
report on business
Precision Drilling says higher oil prices working to its benefit as business picks up
Trainees roll pipe off a catwalk during a training session to lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., on Friday, January 20, 2016. THE CANADIAN PRESS/Jason Franson
report on business
Canadian energy contractors have reason for optimism after years of decline, but only if they can attract workers
A drilling rig gets packed up after drilling an oil well near Calgary, Alberta, November 13, 2019. The Globe and Mail/Todd Korol
inside the market
Friday’s analyst upgrades and downgrades
Trainees learn to lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., on Jan. 20, 2016.
inside the market
Thursday’s analyst upgrades and downgrades
The Aritzia flagship store located at 50 Bloor St W in Toronto on Feb. 14, 2019.
energy and resources
As oil-well backlog shrinks, U.S. shale producers may upset investors and drill more
FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford//File Photo
analysis
Tuesday’s TSX breakouts: After a sharp sell-off, analysts forecast a 42% rebound for this commodity play
report on business
Precision Drilling’s net loss surges to $75.9-million in second quarter despite better outlook
Trainees lay down drill pipe on a rig floor at Precision Drilling, in Nisku, Alta., on Jan. 20, 2016.
world
Biden suspends oil leases in Alaska’s Arctic refuge
This undated aerial photo provided by U.S. Fish and Wildlife Service shows a herd of caribou on the Arctic National Wildlife Refuge in northeast Alaska. The Biden administration is suspending oil and gas leases in Alaska’s Arctic National Wildlife Refuge as it reviews the environmental impacts of drilling in the remote region.(U.S. Fish and Wildlife Service via AP)
inside the market
Silver discovery helps Mirasol Resources stock shine
Ted Dixon
energy and resources
Ensign Energy Services reports $43.6-million first-quarter loss, revenue down 43% from year ago
Photo/video locations at Foster Creek July 10: - bear by ground heave monuments - reclamation area (trees) - First Nations burial ground - control room - cogeneration plant/turbine repair inside - Bear's Den/Primco Dene staff in kitchen - Ensign rig - well pads - salt cavern - wedge wells - heat exchangers (and exterior boilers) - water testing - boilers inside - oil testing (spinning a cut off the treater) • Foster Creek 2 - boilers
energy and resources
Schlumberger CEO calms investors with faster recovery prediction
FILE PHOTO: The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson
inside the market
Tuesday’s analyst upgrades and downgrades
Trainees lay down drill pipe on a rig floor at Precision Drilling in Nisku, Alta., on Friday, January 20, 2016.
energy and resources
Noble Corp. to buy Pacific Drilling in all-stock deal
FPSO and drilling rig in offshore oil field with beautiful sky. Taken in 2015
energy and resources
Joe Biden expected to announce moratorium on oil leases on public land
FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford
report on business
Precision Drilling beats earnings expectations; shares jump 8.6%
Precision Drilling Corp. Trainees Dan Brook and Bradley Williams are directed by instructor Clint Dyck while training to lay down drill pipe on a rig floor, at Precision Drilling in Nisku, Alta., on January 20, 2016. Precision Drilling Corp. says it lost $3.5 million in its latest quarter compared with a loss of $30.6 million in the same quarter last year as it cut expenses. The oilfield services company says the loss amounted to a penny per share for the quarter ended Sept. 30 compared with a loss of 10 cents per share a year earlier. THE CANADIAN PRESS/Jason Franson
world
Canadian firm eyes Namibia oil boom, sparking environmental fears in biologically sensitive region
The sun sets over the Okavango Delta, Botswana, on April 25, 2018.
report on business
RBC will not finance Arctic refuge drilling, and puts restrictions on coal, under new investment guidelines
A Royal Bank sign is seen Tuesday, May 31, 2016 in Montreal. THE CANADIAN PRESS/Paul Chiasson
world
Greece says talks with Turkey on dispute in Eastern Mediterranean could restart soon
Greek and French vessels sail in formation during a joint military exercise in Mediterranean Sea, in this undated handout image obtained by Reuters on Aug. 13, 2020.
u.s. business
Facebook stirs up anger after abandoning drilling gear on Oregon coast
The tiny village of Tierra del Mar, Ore., is seen from a hill on Aug. 17, 2020. Facebook's effort to build a landing site in the village for a fiber optic cable has run into serious trouble.
energy and resources
Precision Drilling loss widens as coronavirus saps oil demand
Trainees roll pipe off a catwalk during a training session at Precision Drilling in Nisku, Alta., on Jan. 20, 2016.
energy and resources
With contracts canceled and debts mounting, offshore oil drillers face another shakeout
FILE PHOTO: A general view of the drilling platform, the first out of four oil platforms to be installed at Norway's giant offshore Johan Sverdrup field during the 1st phase development, near Stord, western Norway September 4, 2017. REUTERS/Nerijus Adomaitis
report on business
Spring breakup slowdown offers needed pause for hard-hit drilling industry
one time use only for this story --Oilfield pumpjacks belonging to Crescent Point Energy pump crude oil near Stoughton, Saskatchewan on Sunday, September 9, 2018. THE CANADIAN PRESS IMAGES/Bayne Stanley
report on business
Alberta drilling rights auctions post record low returns for province
A pumpjack works at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. A key indicator of future oil and gas drilling activity in Western Canada is sliding lower as the industry deals with a lack of pipeline capacity, Alberta oil production curtailments and difficulty accessing capital markets. THE CANADIAN PRESS/Jeff McIntosh
energy and resources
BP offshore drilling program in West Africa encounters ‘high-quality’ gas
FILE PHOTO: The logo of BP is seen at a petrol station in Switzerland October 3, 2017. REUTERS/Arnd Wiegmann
report on business
Canadian oil field services companies earning more revenues from U.S. operations
Pumpjacks are shown pumping crude oil near Halkirk, Alta., on June 20, 2007. Analysts say Canadian oilfield services companies with operations in the U.S. are now earning more of their revenue south of the border than they have for at least six years. In a report, AltaCorp Capital says that trend is expected to continue as ongoing oil and gas exploration and production spending weakness in Canada is balanced against steady activity in the United States. THE CANADIAN PRESS/Larry MacDougal
report on business
Newfoundland reaches deal with Equinor and Husky to pursue deep-water oil project
Newfoundland and Labrador Premier Dwight Ball, left, speaks at the closing news conference of the Canadian premiers' meeting in St. Andrews, N.B., on July 20, 2018. The Premier says the announcement of a financial deal with Equinor and Husky to develop the Plan du Nord project marks a 'new era of deep-water exploration as well as the opening of a new basin, the Flemish Pass.'