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Suncor bonds solid despite dividend hike
Suncor Energy Inc.'s dividend hike and ongoing share buyback program won't negatively impact the company's best-in-class bonds, says Matthew Kolodzie, credit analyst at RBC Capital Markets.
Retiring Suncor CEO: I'm an oil patch guy
The Rick George era in the Alberta oil patch began in 1991 when a Colorado-born energy executive arrived to help rescue woebegone Suncor. The company's most intriguing asset was a costly oil sands venture at a time when crude prices were mired near a ...
Majority of oil sands ownership and profits are foreign, says analysis
OTTAWA - More than two-thirds of all oil sands production in Canada is owned by foreign entities, sending a majority of the industry's profits out of the country, says a new analysis released Thursday by a British Columbia-based conservation group.
Alberta sues oil sands firms over royalties
Syncrude and Suncor Energy Inc. are Canada's two oldest oil sands projects. In their infancy, the government supported the mines in order to spur the multibillion-dollar industry.
Alberta sues oil sands firms for $100M in royalty dispute  National Post
Suncor share buyback deal confuses investors
Jennifer Stevenson, vice-president and portfolio manager for energy with Goodman & Co., said the arrangement makes her uncomfortable, in part because Suncor's options are relatively illiquid. “It's negotiated and it's a bit opaque,” she said, adding ...
CP strike may impact Imperial Oil
There was no immediately reply to calls and e-mails seeking comment from spokesmen for Royal Dutch Shell, which operates refineries in Alberta and Ontario; Canadian Oil Sands Ltd.
Train traffic in Langley may be reduced  Langley Times
Australian recruitment war hits Canada's energy, mining sectors
Yet with major Canadian firms such as Suncor Energy Inc. and Imperial Oil Ltd. planning to nearly double domestic production over the next decade, Canada hardly has extra workers to spare.
Why Canada needs a flood of immigrants
Orville Giesbrecht, co-owner of Harvest Insurance, says his business has expanded to 21 employees from seven, because all the new arrivals need to insure their homes and cars - and he has made a point of catering to them by hiring employees who speak ...
Limestone mine set for growth in Fort McMurray
The new owners, Hammerstone Corp., a subsidiary of Toronto private equity firm Tricap Partners II LP, bought assets including nearly one billion tonnes of limestone reserves from court-appointed receiver PricewaterhouseCoopers Inc. in 2009. Tricap, an ...
Canada is world's biggest oil loser by buying high, selling low
Companies such as Bankers Petroleum Ltd., which earn money from oil produced outside Canada, may outperform domestic drillers such as Imperial Oil Ltd.