Will the widening spread between Canadian crude and WTI have an impact on earnings? >
When he was younger, Max Fawcett wanted to make a mint in the markets. Now as the managing editor of Alberta Venture he gets to write about them. Close enough, right? He can be reached at mfawcett@albertaventure.com
Alberta's Business Person of the Year in 2001, George led Suncor to become Alberta's biggest company >
From big businesses to small community groups, the Alberta Emerald Foundation seeks out those who have taken action to preserve and enhance Alberta’s environment >
Suncor recently announced that it's suspending its operations in Libya so long as Muammar Gaddafi is in charge. But what about Syria? >
Our editors Max Fawcett and Paul Marck discuss the fears and fallacies surrounding foreign investment in Canada >
by Max Fawcett, Managing Editor
As far as bad corporate omens go the unexpected resignation of a leading executive is near the top of the list, and last Friday Toronto’s Aecon Group provided more evidence to that effect. Less than two weeks after Scott Balfour stepped down as the company’s President, a position he’d held since 2005, it issued a warning that fourth quarter results for 2010 would be dragged down by an operating loss of between $56 and $59 million (before taxes) that it would have to take on the work it did on Suncor’s Firebag 3 project. The stock, not surprisingly, tumbled more than 10 per cent on the day. >
We all have a stake in the energy industry’s environmental problems
By Paul Marck
News this week of dead ducks in oil sands tailings ponds again has overshadowed a key finding in the Deepwater Horizon Gulf of Mexico oil-spill disaster: that the wrong kind of cement was used trying to seal the wildcat, out-of-control well that spewed billions of barrels of crude into the sea from April to August.
The merger created Canada’s largest energy company. Twelve months later the deal looks unbeatable >
Oilsands developers have themselves to blame for their reversal of fortune >
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