This translation has been automatically generated and has not been verified for accuracy.industry, its prospects long shrouded in political and regulatory fog, endless struggles to add export capacity and weak domestic prices for its products.
In the past year, oil and gas companies on the Toronto Stock Exchange have climbed 16 per cent, and momentum has picked up in the past two months. The S&P/TSX Capped Energy Index has easily outpaced the U.S. energy-company index, which is down 1.7 per cent on the year. The exception to the stick-to-your-knitting rule is Tourmaline. Investors have responded enthusiastically to its move to spin off assets into a royalty and energy infrastructure company worth $775-million, with plans to take it public.
Canadian natural gas has held at more than $2 a gigajoule after a summer when its value fell to zero at times because of tight pipeline capacity.
globebusiness In the few remaining companies that have not fled Canada lol!!! Recession is pretty much here and it’s going to get worse
globebusiness why ? makes no sense at all to invest in an industry that is based on exploiting a resource where the cost of getting it out of the ground is higher than the selling price.