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Top related persons:
Strathcona - 1 Rob Morgan - 1 Juby Babu - 1 Savio D'Souza - 1 Rashmi - 1
Top related locs:
Strathcona Calgary , Alberta Bengaluru
Top related orgs:
Strathcona Resources - 1 Pipestone Energy Corp - 1 Strathcona - 1 Pipestone Energy - 1 Energy - 1 Thomson - 1

Search resuls for: "Strathcona"


4 mentions found


☆ Strathcona buys rival to go public, create Canada's 5th biggest oil company
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +1 min
It did not say when the combined company will start trading. Pipestone Energy has a market capitalization of $756.83 million, according to Refinitiv Eikon data. Pipestone shareholders will receive about 9.05% of the pro forma equity in the amalgamated company, with existing Strathcona shareholders owning the rest. Including debt, the combined company will have a market capitalization of C$11.5 billion. Calgary, Alberta-based Strathcona was formed in 2020 by the merger of two Waterous Energy Fund-backed companies, Strath and Cona.
Persons: Strathcona, Rob Morgan, Juby Babu, Savio D'Souza, Rashmi Organizations: Strathcona Resources, Pipestone Energy Corp, Strathcona, Pipestone Energy, Energy, Thomson Locations: Strathcona, Calgary , Alberta, Bengaluru
☆ Oil settles up 2% on strong U.S. data, China reopening
  + stars: | 2023-01-26 | by ( Scott Disavino | Thomson Reuters | Covers The North American Power | ) www.reuters.com   time to read: +2 min
REUTERS/Todd Korol/File Photo/File PhotoNEW YORK, Jan 26 (Reuters) - Oil prices rose about 2% on Thursday on expectations that global demand will strengthen as top oil importer China reopens its economy and on positive U.S. economic data. Brent futures rose $1.35, or 1.6%, to settle at $87.47 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 86 cents, or 1.1%, to settle at $81.01. "Crude prices got an unexpected boost from a U.S. economy that doesn’t want to break," said Edward Moya, senior market analyst at data and analytics firm OANDA. China has been easing stringent COVID-19 restrictions this month, with Beijing reopening borders for the first time in three years. The OPEC+ ministerial panel meeting on Feb. 1 is likely to endorse the oil producer group's current output levels, OPEC+ sources said.
☆ Oil steady as market awaits more supply clarity
  + stars: | 2023-01-26 | by ( Jeslyn Lerh | ) www.reuters.com   time to read: +2 min
REUTERS/Todd Korol/File Photo/File PhotoSINGAPORE, Jan 26 (Reuters) - Oil prices were steady on Thursday after U.S. crude stocks climbed less than expected, while investors awaited further clarity on supply drivers, including an OPEC+ meeting and the looming EU ban on Russian refined products. "The upcoming EU embargo on Russian refined products remains a major source of concern for the market, with widespread dislocations expected to materialize," the Citi analysts said. Oil prices were also little changed after data showed a build in U.S. crude inventories that was less than expected. Crude inventories edged higher by 533,000 barrels to 448.5 million barrels in the week ending Jan. 20, the Energy Information Administration (EIA) said. That was substantially short of forecasts for a 1 million barrel rise, though according to the EIA crude stocks are at their highest since June 2021.
☆ Oil edges up as U.S. crude inventories rise less than expected
  + stars: | 2023-01-26 | by ( Laila Kearney | ) www.reuters.com   time to read: +1 min
REUTERS/Todd Korol/File Photo/File PhotoSummarySummary Companies EIA shows U.S. crude stocks up less than expectedU.S. dollar easesGlobal 2023 economic view downgraded, at odds with marketJan 26 (Reuters) - Oil prices were up in early Asian trade on Thursday as U.S. crude stocks rose less than expected, while a weaker dollar made oil cheaper for non-American buyers. Brent crude futures had risen 12 cents to $86.24 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 30 cents to $80.45. Crude inventories rose by 533,000 barrels to 448.5 million barrels in the week ending Jan. 20, the Energy Information Administration (EIA) said. Despite the smaller-than-expected crude build, crude stocks reached the highest level since June 2021, the EIA said. read moreA factor that kept oil from moving higher was concern about a slowing global economy hampering fuel demand.
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