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Matthew and Timothy Nichols’s story could be a case study of what it means to manifest something. The goal they realized: To amass an enviable collection of Japanese maples and establish a leading role in championing them. And they knew where they might learn at least some of it. The brothers, then 21 and 27, planned a pilgrimage to the 2009 Maple Society of North America conference in Oregon, which included a tour of Buchholz & Buchholz Nursery. They hoped to meet the nursery’s owner, Talon Buchholz, who had introduced some of the Japanese maple selections they most admired.
Persons: Matthew, Timothy Nichols’s, Talon Buchholz Organizations: Society of North America, Buchholz Locations: Oregon
Plus, falling interest rates and continued economic growth would be tailwinds. The aforementioned catalysts are still in place — including interest rate cuts, as investors discovered a day earlier. Until then, the firm believes bank stocks can outperform into the first-quarter earnings season. 6 regional bank stocks worth buyingThe continued rally in financials will be powered in large part by regional banks, BofA believes. "We see the capital markets momentum continuing into 2025, which should drive investor interest in both stocks," Poonawala wrote.
Persons: Financials, Ebrahim Poonawala, Poonawala, BofA, Goldman Sachs, Morgan Stanley, Wells Fargo, Charlie Scharf, Jamie Dimon Organizations: of America, Business, Federal Reserve, Investors, Bank of America, First Bancorp, FNB Corp, Truist, US Bancorp, Western Alliance, JPMorgan, Wall, titans Locations: financials, Wells Fargo
Investors seeking some stability in their portfolios may want to consider high-quality dividend stocks, especially those with a track record of steady income payments. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Nonetheless, PepsiCo announced a 7% hike in its annualized dividend to $5.42 per share, effective with the dividend payable in June 2024. On March 18, Morgan Stanley analyst Dara Mohsenian upgraded PepsiCo stock to buy from hold with a price target of $190. (See PepsiCo Stock Buybacks on TipRanks)
Persons: Wall, Enbridge, Robert Kwan, Kwan, TipRanks, Gerard Cassidy, Brian Moynihan, Cassidy, Morgan Stanley, Dara Mohsenian, Mohsenian Organizations: Pepsi, Brooklyn borough New, Enbridge Energy, RBC Capital, East Ohio Gas Company, Ohio Gas, Public Service Company, Dominion Energy, Dominion, Bank of America, PepsiCo, TipRanks Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, U.S, North Carolina, TipRanks
AdvertisementThe three-body problem is unsolvable and chaoticSome of the show's action takes place in a virtual world that's orbited by three suns. "This is a centuries-old problem," Shane Ross, an aerospace and ocean engineering professor at Virginia Tech, told Business Insider. Alpha Centauri is the closest star system to EarthThe three-body system in the story is based on a real neighboring star system called Alpha Centauri. At about 4 light-years from Earth, it's the closest star system to our own and contains three stars: Alpha Centauri A, Alpha Centauri B, and Proxima Centauri, which has two planets orbiting around it. A view of the bright triple-star system Alpha Centauri.
Persons: , Liu Cixin, Shane Ross, Isaac Newton, Ross, Georgios Kollidas, Alpha Centauri, Franck Marchis, Davide De Martin, they're, Marchis, Ye Wenjie, Enrico Fermi, Benedict Wong, Jerry Ehman, Sir William Hamilton, William of Ockham, Aristotle, Ptolemy, Maximilien Brice, John Finney, It's Organizations: Service, Netflix, Oxford University, Business, Virginia Tech, Alpha, Alpha Centauri, Proxima, SETI Institute, ESO, Columbia University, USA, Keystone, Getty, Ohio State University, Extraterrestrial Intelligence, SETI, American AstroPhysical, CERN Locations: Ohio, China, North America
An investment-migration consultancy says record numbers of rich Americans are enquiring about citizenship abroad. Portugal's golden visa program is the most popular option among Americans, Henley & Partners said. AdvertisementAn investment-migration consultancy says that it is seeing record numbers of wealthy Americans looking for ways to get residence rights abroad or additional citizenships. Programs offered by Malta, Spain, Greece, and Italy are also high on American citizens' lists, Henley & Partners said. The programs allow wealthy Americans to live in the USA as their primary residence but relocate "at any point," it said in the report.
Persons: , Mehdi Kadiri, Dominic Volek, Kadiri Organizations: Henley & Partners, Service, North America, EU Locations: North, Portugal, Malta, Spain, Greece, Italy, USA
The label expansion may improve insurance coverage for Wegovy, which costs more than $1,300 per month out of pocket before any discounts. Many insurers, including Medicare, don’t cover drugs for weight loss, leaving patients scrambling to afford them. “This patient population has a higher risk of cardiovascular death, heart attack and stroke,” he added. More studies need to be done to show whether there are heart benefits for people who haven’t had a cardiac event. Wegovy continues to be in shortage, along with other GLP-1 medicines, as drugmakers struggle to keep up with demand.
Persons: CNN — Wegovy’s, , Dr, Harlan Krumholz, hasn’t, Eli Lilly, Wegovy, John Sharretts, haven’t, it’s, Sanjay Gupta, Jody Dushay, Beth, Dushay, Novo, Doug Langa, Organizations: CNN, US Food and Drug Administration, Yale University, Yale New Haven Hospital, Novo Nordisk, Diabetes, , CNN Health, Beth Israel Deaconess Medical Center, Harvard Medical School, Novo Nordisk’s, North America Operations
Minnesota unions plan to wage simultaneous strikes
  + stars: | 2024-03-05 | by ( Chris Isidore | ) edition.cnn.com   time to read: +6 min
New York CNN —Nearly 10,000 workers from a coalition of separate unions, working for a diverse group of employers, are planning a series of coordinated strikes in Minnesota this week and next. These kind of collective strikes are common and somewhat easier in Europe, where union membership is more widespread and unions can strike in support of other unions, even if their own contracts have expired. He’s gone on strike twice before, but those were both one-day strikes that he and the union knew would be over quickly. The fact that multiple unions plan to strike together in Minnesota is giving members more confidence, according to Jamie Gully, president of SEIU Healthcare Minnesota and Iowa. He said he hopes that if these negotiations prove successful, unions elsewhere in the country will use the same strategy.
Persons: Paul, , AJ Lange, Greg Nammacher, George Mullins, , He’s, “ I’m, Mullins, Jamie Gully, Stellantis Organizations: New, New York CNN, Union, ’ International Union of North America, City, SEIU Local, Target, CNN, Labor Department, Bureau of Labor Statistics, Cornell University’s School of Industrial and Labor Relations, SEIU Healthcare, United Auto Workers, General Motors, Ford Locations: New York, Minnesota, St, Minneapolis, Europe, America, SEIU Healthcare Minnesota, Iowa
During 2022-2023, ocean carriers used some of those reserves for their own buying sprees to expand their footprints. While adding to the ocean carrier bunker fuel costs, they are being compensated.. "The Red Sea diversions are a good thing for ocean carriers. The big question mark is the duration of the diversions and the surcharges the ocean carriers can charge. Those two regions have steadily taken market share away from the West Coast ports, with shippers also benefitting from investments in ports infrastructure. "The West Coast ports have strengthened infrastructure," Iampieri said.
Persons: Marc Iampieri, Cash, Iampieri, Jeff Bezos, It's, Paul Brashier, Brashier, AlixPartners Organizations: Bloomberg, Getty, Dow Jones Transportation, Fortune, Convoy, Amazon, Technology, Ocean, Maersk, CNBC, ITS Logistics Locations: Panama, Red, East Coast, AlixPartners, Flexport, Europe, North America, Asia, West Coast, East, Gulf, Mexico, West, Los Angeles, Long
Washington, DC CNN —The US economy is set to reap considerable benefits from Americans taking popular medications used for weight loss, including Ozempic and Wegovy, Goldman Sachs analysts wrote in a recent research report. Originally developed to treat type 2 diabetes, they proved to be highly effective at helping people shed weight in clinical trials. (Ozempic has not been approved for weight loss by regulators, though Wegovy, a similar drug, has.) Goldman Sachs argues that since poor health unambiguously weighs on the economy, improving health outcomes due to GLP-1s could lower costs and boost productivity, shoring up economic output. For some Americans who are obese but don’t have diabetes, obtaining those drugs has become difficult, if not impossible.
Persons: Goldman Sachs, Eli Lilly, Jody Dushay, Beth, Doug Langa, they’ve Organizations: DC CNN, Government, Novo Nordisk, Beth Israel Deaconess Medical, CNN Locations: Washington, United States, North America, Novo
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week: trending flight routes around the world, the latest on Qantas’ record-breaking Project Sunrise, plus the Americans leaving the States behind for new lives overseas. She’s one of a number of influencers who’s struck a chord with people who love the fairytale fantasy of starting over with a new, better life. However, for the brave souls who take the plunge, things don’t always run smoothly or according to plan. But right now Death Valley National Park – the driest place in the country – is offering visitors a rare kayaking opportunity in a temporary lake in Badwater Basin.
Persons: , , Kacie Rose Burns, who’s, skywatchers, you’re, Olivia, Noah, ” Expedia, there’s, There’s, Malcolm Park Organizations: CNN, Qantas, Expedia Group, Chicago, , Alaska Airlines, Ski Locations: America, United States, Italy, Chicago, Bahamas, North Carolina, Tennessee, Badwater Basin, North America, Los Angeles, Tokyo, Asia, Perth, Bali, Tampa, Toronto, Nevada, Australia, Sydney, New York, London, Montchavin, France
A record amount of renewable energy, led by solar, was added to the grid. It was the opposite story for wind power. They generated a record 41% of US power in 2023. Rowlands-Rees said that falling gas prices made it the cheapest form of energy in 2023. The power sector, as recently as 2016, was the top emitter.
Persons: BloombergNEF, Tom Rowlands, Rees, BloombergNEF's, Rowlands, , Biden, Jeannie Salo Organizations: Service, Investments, Business, Companies, Industry, Schneider Electric, Toyota Locations: China, America, Japan, Southeast Asia, Coast, New York, Massachusetts, Georgia, North Carolina, Business
Elevated risks for U.S. banks: Here's what you need to know
  + stars: | 2024-02-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElevated risks for U.S. banks: Here's what you need to knowEbrahim Poonawala, head of North American banks research at BofA Securities, joins 'Power Lunch' to discuss the risks to U.S. banks and headwinds the sector faces.
Persons: Ebrahim Poonawala Organizations: BofA Securities
Where to see April’s total solar eclipse
  + stars: | 2024-02-11 | by ( Marnie Hunter | ) edition.cnn.com   time to read: +11 min
CNN —The total solar eclipse passing over a swath of North America is less than two months away. The August 2017 total solar eclipse is seen from John Day Fossil Beds National Monument near Mitchell, Oregon. There’s a lunchtime Solar Eclipse Watch Party in downtown Dallas on eclipse Monday with live music and food trucks. Indianapolis, IndianaIndianapolis is located along the center line of the path of totality for the April 8 total solar eclipse. The city’s last total solar eclipse was nearly 100 years ago on January 25, 1925, according to a Rochester eclipse website.
Persons: it’s, Airbnb, , John, Adrees Latif, Dave Clark, that’s, Clark, Michael Zeiler, GreatAmericanEclipse.com, Jay Anderson, , ” Anderson, Cerra, David Esquivel, Esquivel, El, Natalia Silyanov, There’s, Christopher Roth, Anderson, Adam Stiles, Catharines, Geoff Robins, haven’t Organizations: CNN, Reuters, CNN Travel, Planetarium Torreón, Astronomical Society of Mazatlán, Llano Visitor Center, Chamber of Commerce, Enchanted, Natural Area, Natural, ., Dallas , Texas Dallas, Eclipse Watch Party, Dallas, Dallas Museum of Art, Dallas Arboretum, Botanical, Sixth, Eclipse, Indianapolis Motor Speedway, NASA, Indy, Euclid, Great Lakes Science Center, NASA’s Glenn Research Center, Circle, Cleveland Museum of, Wade, Wade Oval, Destination Cleveland, Rochester Museum & Science Center, Niagara Falls Tourism, Niagara Parks, . Parks, Getty Locations: North America, Mexico, Canada, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Maine, Texas, Mitchell , Oregon, Torreón, Mexican, Coahuila, That’s, las, Mazatlán, Sinaloa, El Faro, Llano , Texas, Llano, Enchanted Rock, Dallas , Texas, Dallas, Fort Worth, Dealy, Russellville , Arkansas, Russellville, Indianapolis , Indiana Indianapolis, Indianapolis, Cleveland , Ohio Cleveland, Lake Erie, Edgewater, Euclid Beach, There’s, Cleveland, Independence, North Olmsted, Beachwood, Westlake, Destination Cleveland . Rochester , New York Rochester, Rochester, Ontario, Niagara, Niagara Falls, The City, St, ., AFP
I spent almost my entire life in Massachusetts until I met my now husband, Marc, six years ago. He's from Montreal, and we met online while playing Grand Theft Auto on Xbox. I'm a pet sitter, so once I got my PR, I could start pet sitting and dog walking here. Quebec is different from the rest of North AmericaThe culture shock was more than I expected. I'm much more confident now, and sometimes when I think I'm going to say something in English, French comes out first.
Persons: , Melissa Rebelo, Marc, Sauve, poutine, Sauve It's, It's, it's, Thomas, Frank Pepe's Organizations: Service, Business, Facebook Locations: Sauve, Massachusetts, Montreal, Boston, Canadian, Quebec, North America, you'll, Springfield , Massachusetts, Canada, Connecticut
PepsiCo on Friday reported mixed quarterly results as North American demand for its food and drinks weakened. Pepsi's organic revenue, which excludes acquisitions and divestitures, rose 4.5% in the quarter, helped by higher prices. For 2024, Pepsi now anticipates organic revenue growth of at least 4% and core constant currency earnings per share growth of at least 8%. The company previously forecast organic revenue growth on the high end of 4% to 6% and core constant currency earnings per share growth in the high single digits. Executives are expecting international organic revenue growth to top that of North America for the full year.
Organizations: Pepsi, PepsiCo, Refinitiv, Quaker Foods, Lay, Quaker Oats Locations: Las Vegas, United States, North America, America
GREEN RIVER, Utah (AP) — A plan to extract lithium — the lustrous, white metal used in electric vehicle batteries — in southeast Utah is adding to an anxiety familiar in the arid American West: how the project could affect water from the Colorado River. The company has also acquired rights to freshwater from the Green River nearby, leading to questions about how groundwater and river water are connected, and how its plans to produce lithium could affect the environment. The Green River is a tributary of the Colorado River, the over-tapped powerhouse of the West upon which 40 million people rely. So far, Anson has acquired rights for 2,500 acre-feet of water from the Green River. “There’s a difficulty turning anything down in a community like Green River,” he said.
Persons: , Lauren Wood, Anson, , ” Anson, Bruce Richardson, Michael McKibben, Ren Hatt, Gayna, Salinas Organizations: Anson Resources, University of California, Interior Department, Land Management, . Department, ExxonMobil, Associated Press, Walton Family Foundation, AP Locations: GREEN, , Utah, Utah, Colorado, An Australian, Utah , Colorado , New Mexico, Arizona, Green, Green River , Utah, Anson, U.S, Riverside, Argentina, Qinghai, China, Arkansas, Nevada, Amargosa, Las Vegas, , Nevada, Australia, Chile, Gayna Salinas, , America
For almost two years, many economists and observers have figured something has to give in the labor market. And then the labor market has turned around and said, "Ha, actually, no." If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago. If you have a job, you're at a relatively low risk of losing that job — despite the headlines about layoffs at some big-name companies. "If you're trying to upgrade your job, you're trying to get a better job, the time to do that was probably a year ago," Preston Mui, a senior economist at the macroeconomic policy group Employ America, said.
Persons: Nick Bunker, didn't, Guy Berger, Preston Mui, , Heck, hasn't, It's, they're, Emily Stewart Organizations: Ferrari, Workers, Glass Institute, Companies, Business Locations: America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed cuts come down to the labor market, says Morgan Stanley’s Jim CaronDavid Kelly, JPMorgan Asset Management chief global strategist, Kristen Bitterly, Citi Global Wealth Management head of North America investments, and Jim Caron, head of Macro Strategies for Global Fixed Income at Morgan Stanley, join 'Power Lunch' to discuss the Fed decision to keep rates unchanged.
Persons: Morgan Stanley’s Jim Caron David Kelly, Kristen, Jim Caron, Morgan Stanley Organizations: Fed, JPMorgan Asset Management, Citi Global Wealth Management Locations: North America
Today, remote work has declined from its levels of the pandemic but is still – depending on how broadly one measures it – three to four times as prevalent as it was in 2019. And remote work tends to be dominated by higher-educated employees, with nearly 40% of those holding advanced degrees hybrid or fully remote. In early January, LinkedIn’s Global State of Remote and Hybrid Work study found that at its peak, in April of 2022, the share of job postings that offered remote work reached 20.3%. The more enduring feature of remote work is now hybrid.”There are also substantial differences within industry and among countries. “You’re moving to where the housing is cheaper.”Not that it is all rosy when it comes to remote work.
Persons: , Kory Kantenga, Sandra Moran, Julia Pollak, Nick Bunker, Layla O’Kane, Lightcast, Morris Davis, Andra Ghent, Jesse Gregory, ” Goldman Sachs, Boyer, Brad Case, “ That’s, Software’s Moran Organizations: LinkedIn, Workforce Software, LinkedIn’s Global, Labor Statistics, North, , Oxford University Press, Economic Studies, Rutgers University, Andra, University of Utah, University of Wisconsin, Ivory, Google, NASA, Middleburg Communities, Green Mountain Locations: U.S, Israel, Ghent, Real Estate, Santa Ana , California, LLC.org . New York, Huntsville , Alabama, Huntsville, Glendale , Arizona, Phoenix, Arlington , Texas, Dallas, Middleburg, San Francisco, New York, Charlotte, Raleigh , North Carolina, Orlando, Jacksonville , Florida, Houston, San Antonio , Texas, Florida, Texas, Vermont, Green Mountain State, California
Zhao, Croucher, and career coach Stacey Perkins outlined four tips for job seekers in today's labor market. Make a job planPerkins, a career coach at organizational consulting firm Korn Ferry, suggested job seekers figure out a robust strategy for job searching, which doesn't mean simply submitting your résumé to many places. Perkins suggested looking at who you have a mutual connection with or identifying who you already know at the places noted on the list. AdvertisementFor people just graduating and looking for work, Croucher suggested looking for an internship first because it could be easier to get. AdvertisementBut job seekers should be picky about what they want to include.
Persons: , Daniel Zhao, Zhao, Rebecca Croucher, Croucher, Stacey Perkins, Perkins, Korn Ferry, you've, It's, it's Organizations: Service, Business, Labor Statistics hasn't, BLS, North Locations: North America, ManpowerGroup
Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.
Persons: Chanelle, Hayley Berg, ” Ms, Berg, , Robert W, Mann Jr, , Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, , ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, , airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, , , MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico
Wendy's has tapped PepsiCo veteran Kirk Tanner as its new chief executive, effective Feb. 5, as the burger chain tries to boost its share price and ease pressure from activist investors. Kirk Tanner, chief executive officer of North America beverages for PepsiCo Inc., speaks during the Bloomberg Power Players Summit in Miami, Florida, U.S., on Friday, Jan. 31, 2020. Outgoing Wendy's CEO Todd Penegor has been at the helm of the company since 2016. Under his leadership, Wendy's successfully launched its breakfast menu nationwide, helping the company overtake Burger King as the second-largest U.S. burger chain by sales. But if Blackwells nominates its own board candidates, it's kicking off a fight with another activist investor: Nelson Peltz, who is chair of Wendy's board.
Persons: Tanner, Wendy's, Kirk Tanner, Todd Penegor, Burger, Blackwells, Nelson Peltz, Peltz, Trian, Ram Krishnan Organizations: Pepsi, PepsiCo, PepsiCo Inc, Bloomberg Power Players Summit, Reuters, Trian Fund Management, Disney Locations: Miami , Florida, North America, U.S, Wendy's
Wendy’s Co. named a longtime PepsiCo executive as its new CEO on Thursday. The Dublin, Ohio-based burger chain said Kirk Tanner will become president and CEO on Feb. 5. Tanner, who joined PepsiCo in 1992, most recently served as its CEO of North American beverages. Tanner succeeds Todd Penegor, who has served as Wendy’s president and CEO since 2016. In the first nine months of 2023, Wendy’s global same-store sales were up 5%.
Persons: Kirk Tanner, Tanner, Todd Penegor, Penegor, Wendy’s, Nelson Peltz, Peltz Organizations: PepsiCo, McDonald’s Locations: Dublin , Ohio, American, U.S
Hands down, the best thing I had were fry bread tacos at Tiwa Kitchen in Taos, New Mexico. Dessert fry bread and a blue corn taco from Tiwa Kitchen. When Tiwa Kitchen was the only place that popped up on Google Maps for fry bread in Taos, I headed straight there. Sandoval, who is a member of the Taos Pueblo, handed me a cookie while we waited for my food. The fry bread was just as tasty as I remembered, and the lemonade had a tart flavor I was unaccustomed to.
Persons: Monica Humphries, Fry, Ben Sandoval, Sandoval Organizations: Google Locations: Taos , New Mexico, Salt Lake City , Utah, North America, Salt Lake City, Taos, Taos Pueblo, Pueblo
While over the years the pipeline's start date has been moved further back, supply has kept coming. Light synthetic crude from the oil sands, another key Canadian grade, is trading close to its deepest discount since 2020. With Canada exporting around 3.8 million bpd via pipelines, each additional dollar the discount widens amounts to millions in lost revenues for oil companies, analysts say. Conventional oil and gas producers will drill 8% more wells in 2024 to take advantage of greater access to pipelines including Trans Mountain. Rail exports hit 145,000 bpd in September, nearly doubling from May, according to latest data from the Canada Energy Regulator.
Persons: TMX, linefill, WCS, Martin King, It's, Heather Exner, Kevin Birn, Enbridge, James Davis ,, Jesse Jones, Jones, We're, John Zahary, Kent MacDougall, Nia Williams, Stephanie Kelly, Marguerita Choy, Denny Thomas, Simon Webb Organizations: Producers, Canadian, Canada, RBN Energy, Business Council of Canada, U.S ., P, ., Inc, Rail, Canada Energy Regulator, TMX, Altex Energy, Thomson Locations: Asia, British Columbia, Alberta, Canada, U.S . Canada
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