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☆ Cramer's lightning round: Palantir is a sell
▼ + stars: | 2022-11-08 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...ChargePoint Holdings Inc : "I'm not recommending any stocks that are losing money. I can't lose money for people." Loading chart...Cenovus Energy Inc : "I like Cenovus. I wish it gave you a bigger yield, but it's got great assets." Loading chart...Loading chart...Alibaba Group Holding Ltd : "We have enough problems with American stocks; we do not recommend stocks of China."

☆ Canada's share buyback tax could backfire, energy sector warns
▼ + stars: | 2022-11-06 | by ( Rod Nickel | Nia Williams | ) www.reuters.com time to read: +4 min

FILE PHOTO: The processing facility at the Suncor oil sands operations near Fort McMurray, Alberta, September 17, 2014. On Thursday, the Liberal government proposed a 2% tax on buybacks to encourage companies to reinvest in their workers and business. The tax will generate an estimated C$2.1 billion ($1.6 billion) over five years and take effect on Jan. 1, 2024. Canada’s four largest producers - Canadian Natural Resources Ltd, Cenovus Energy, Suncor Energy and Imperial Oil - spent C$15.8 billion combined on buybacks in 2022’s first three quarters, according to Tudor Pickering Holt (TPH). The tax may not deter oil companies’ buyback intentions anyway, said Eight Capital analyst Phil Skolnick, who covers the sector.

☆ BP lays off most contractors at Ohio refinery after explosion -sources
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: 1 min

Sept 28 (Reuters) - BP Plc laid off most contractors at the 185,000 barrel per day Toledo, Ohio, refinery it owns with Cenovus Energy (CVE.TO), according to sources familiar with the matter on Wednesday, indicating the plant will experience a prolonged shutdown following last week's explosion and fire. The explosion killed two United Steelworkers members, the company said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Laura Sanicola; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Sept 28 (Reuters) - BP Plc laid off most contractors at the approximately 160,000 barrel-per-day Toledo, Ohio, refinery it owns with Cenovus Energy Inc (CVE.TO), according to sources familiar with the matter on Wednesday, indicating that the plant will experience a prolonged shutdown following last week's explosion and fire. The more than 100-year-old refinery has been offline since the middle of last week following the explosion and could be shut for several months. Leaking fumes from a crude unit may have caused the ignition in another unit at the facility, a source told Reuters. In August, Cenovus said it would buy the remaining 50% stake it does not already own in the BP-Husky Toledo Refinery. In 2008, Husky Energy Inc formed a joint venture with BP by acquiring a 50% stake in the Toledo refinery.

☆ Fire crews rush to douse blaze at BP's Ohio refinery
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSept 20 (Reuters) - Fire crews responded to fire and smoke at BP (BP.L) and Cenovus Energy's 150,800 barrel-per-day Toledo, Ohio, oil refinery on Tuesday, according to a source familiar with the matter. Register now for FREE unlimited access to Reuters.com Register"No details were provided on burn injuries reported to two people at the site," local media said. Workers finished a maintenance turnaround at the facility in recent weeks and the plant had resumed operating, according to the source. In August, Cenovus (CVE.TO) said it will buy the remaining 50% stake it does not already own in the BP-Husky Toledo Refinery. In 2008, Husky Energy Inc formed a joint venture with BP by acquiring a 50% stake in the Toledo refinery.

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