Latest from Dan Healing
Alberta sets sights on expanding forest products harvest as high prices drive returns
A drive to increase Alberta's forest harvest as lumber prices hover at record heights is allowing members of a northern First Nation to become resource owners as well as timber-gathering contractors, says the leader of the Bigstone Cree Nation.
U.S. moves to double tariffs on Canadian softwood lumber imports
A move by the U.S. Commerce Department to increase preliminary tariffs on softwood lumber imports from Canada, if finalized, will raise producer costs and cut into their profits but is unlikely to affect prices to consumers of wood products, analysts say.
Canadian Natural reports $1.38B Q1 profit, plans to reduce debt
Higher oil and gas prices, record production and a restrained capital spending budget will result in bountiful free cash flow for Canadian Natural Resources Ltd. this year, the oilsands company said Thursday.
Suncor delays maintenance project as COVID-19 cases plague Fort McMurray area
Suncor Energy Inc. is delaying a planned maintenance shutdown at its Base Plant oilsands mine upgrader in view of surging COVID-19 outbreaks that led to a state of emergency being declared last week for the Fort McMurray area of northern Alberta.
Whitecap touts carbon capture growth opportunities, reports Q1 record production
The CEO of Whitecap Resources Inc. says his company is working to expand its ability to capture, store and use carbon dioxide to enhance oil recovery in spite of Ottawa's decision to exclude such projects from proposed investment tax credits in its recent budget.
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Enbridge and TC Energy CEOs focus on cutting operating emissions from pipelines
The CEOs of Canada's two biggest pipeline companies say they are focused on lowering their operating greenhouse gas emissions while avoiding big oil pipeline projects in the wake of ongoing opposition throughout North America.
Corporate head office job losses a 'wake-up call' for Calgary
Between 2014 and 2019, Calgary saw the departure of nine head offices and 3,600 head office jobs, according to Statistics Canada. The number of head office jobs in Alberta fell by almost 5,500 positions while it rose by almost 2,800 positions in the rest of the country.
Inter Pipeline urges shareholders to ignore Brookfield bid, wait for review results
A formalized takeover bid for Inter Pipeline Ltd. that matches an informal offer made about two weeks ago suggests that Brookfield Infrastructure Partners L.P. doesn't expect a white knight to drive up the price, an analyst said Tuesday.
Lumber prices jump to record $1,000 US despite slowdown in sales
Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with all-time record high prices for lumber and oriented strandboard building panels.
Enbridge reports higher 4th-quarter profits despite Line 3 costs going up $1.1B
Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in Minnesota, but the CEO of Enbridge Inc. says the project is on track to start delivering "lots of free cash flow" by late this year.