Oil and gas earnings: Crude price spike prompts analyst calls for ‘much stronger’ Q3

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RBC Capital Markets is calling for Canada's largest oil and gas producers to book 'much stronger' financial performance in their third-quarter results.

RBC Capital Markets is calling for Canada's largest oil and gas producers to book"much stronger" financial performance in their third-quarter results.

“We are expecting cash flow per share to be up on average by 23 per cent on a quarter-over-quarter basis,” he wrote in a research note.Looking ahead, Wood says Canadian heavy oil producers are well positioned to grow their share of the global crude market once the much-delayed, government-owned Trans Mountain expansion project from Alberta to the Pacific Coast comes online. That’s expected sometime next year.

Warren Buffett's company owns a piece of Chevron, which just struck a deal to acquire Hess, a key player in Guyana's oil boom.High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker.

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