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Top related persons:
Suncor - 1 Todd Korol - 1 Justin Trudeau - 1 Jessica Eritou - 1 Adam Auer - 1 Steve Scherer - 1 Denny Thomas - 1 Josie Kao - 1
Top related locs:
Fort McMurray , Alberta Canada U.S ConocoPhillips Canada United States Saudi Arabia Europe
Top related orgs:
MEG Energy - 2 Rights - 1 Pathways Alliance - 1 Finance Ministry - 1 U.S - 1 Alliance CCS - 1 Canadian Natural Resources - 1 Suncor Energy - 1

Search resuls for: "MEG Energy"


5 mentions found


☆ Exclusive: Canada oil sands carbon capture project struggles to get key contract
  + stars: | 2023-09-05 | by ( Steve Scherer | ) www.reuters.com   time to read: +4 min
The mechanism gives investors in CCS certainty about their future revenue by setting a minimum price for their carbon credits. Oil companies in the country's highest-emitting sector are counting on CCS to help dramatically cut emissions while continuing to pump oil and gas. Carbon credits represent reduced or avoided carbon emissions, and companies use them to mitigate greenhouse gases they generate. The government has told Pathways that the Growth Fund may not be equipped to handle some projects, said the Pathways representative who asked not to be named. Canada set up the Growth Fund last year, which is run through the Public Sector Pension Investment Board, a federal Crown corporation.
Persons: Suncor, Todd Korol, Justin Trudeau, Jessica Eritou, Adam Auer, Steve Scherer, Denny Thomas, Josie Kao Organizations: Rights, Pathways Alliance, Reuters, Finance Ministry, U.S, Alliance CCS, Canadian Natural Resources, Suncor Energy, Cenovus Energy, ConocoPhillips, MEG Energy, Public Sector Pension Investment Board, Crown, Cement Association of Canada, Thomson Locations: Fort McMurray , Alberta, Canada, U.S, ConocoPhillips Canada
☆ Fund manager makes bold call that oil prices will double, picks stocks to cash in
  + stars: | 2023-06-28 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +3 min
Bill Smead, chief investment officer at Smead Capital Management, has a bold market call: that oil prices could soar more than 100% in the next few years. The group expects global oil demand to hit 110 million barrels a day in about 20 years , pushing the world's energy demand up by 23%. Others have also taken a bullish stance on oil prices over recent weeks. Nevertheless, it said: "We believe that, at some point in the coming weeks, market fundamentals will drive the oil market. Nuttall likes Cenovus Energy and MEG Energy .
Persons: Bill Smead, Smead, CNBC's, Brent, Eric Nuttall, Nuttall, Warren Buffett, – CNBC's Ying Shan Lee Organizations: Smead Capital Management, OPEC, Ninepoint Partners, Saudi, Rystad Energy, Energy, Fund, Occidental Petroleum, Devon Energy, Cenovus, MEG Energy Locations: United States, Saudi Arabia, Europe
☆ A fund manager who's beaten 99% of his peers over the last decade shares 5 energy stocks he's betting on right now as 'oil and gas profits could become one of the only games in town' during a recessio
  + stars: | 2023-03-02 | by ( William Edwards | ) www.businessinsider.com   time to read: +3 min
Energy stocks still have more upside even after their big run, says Bill Smead. Energy stocks have soared since their pandemic lows, with the Energy Select Sector SPDR Fund (XLE) up 230% since March 2020 compared to the S&P 500's 71%. Further, Smead said an incoming recession could wipe out profits in other industries, leaving investors to flock to the oil industry. Nothing could be better than producing addictive fossil fuel energy at higher and higher prices for the next decade." 5 energy stocks to watchWhile Smead is bullish on energy broadly, he especially likes firms that aren't giants in the industry.
☆ Here are 5 ways investors can find deeply discounted stocks hiding in the red-hot energy and materials sectors, according to a top 1% value fund manager
  + stars: | 2023-01-27 | by ( James Faris | ) www.businessinsider.com   time to read: +7 min
Top-1% value fund manager Scott Barbee shared the investing strategy that's brought him success. Barbee's Aegis Value Fund (AVALX) has beaten 98% of peers by returns over the past 15 years, according to Morningstar. After finding potential candidates for his fund, Barbee looks at a company's financial health by inspecting its balance sheet and capital structure to see how much debt it has and how it's organized. Following these steps has brought Barbee robust returns over the long term, regardless of what stage of the economic cycle he's investing in. The top holding in the Aegis Value Fund is Amerigo Resources (ARREF), which mines copper in Chile.
☆ Canada oil group says federal, provincial tension blocking carbon capture talks
  + stars: | 2023-01-23 | by ( Nia Williams Steve Scherer | Nia Williams | Steve Scherer | ) www.reuters.com   time to read: +5 min
It is planning to develop a CCS hub in northern Alberta, expected to cost C$16.5 billion ($12.3 billion) by 2030. Trudeau told Reuters in an interview earlier this month Alberta was "hesitating around investing in anything related to climate change". Canada is the world's fourth-largest producer of crude, most of which comes from Alberta's oil sands. The oil and gas sector is the country's highest-polluting industry and needs to drastically cut emissions if Canada is to achieve its climate commitments. 'NO TIME TO SLIP'The Pathways Alliance has already said Ottawa's goal of cutting oil and gas emissions 42% by 2030, equivalent to a 35-megatonne reduction, is impossible.
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