Tuesday, November 19, 2024
Canada

Husky Energy Cuts 2016 CapEx Guidance by 27%

*Figures in Canadian dollars unless stated otherwise* Husky Energy (ticker: HSE), one of Canada’s largest integrated energy companies, amended its 2016 guidance just six weeks after its initial release. The first line of the statement says, “Husky Energy is taking additional steps to improve its resilience through the extended low commodity price environment.” The additional step consists of a revised

ONE Gas Issues 2016 Financial Guidance

2015 Net Income Guidance Increased Five-year Financial and Dividend Growth Rates Updated ONE Gas, Inc. (OGS) today announced that its 2016 net income is expected to be in the range of $127 million to $137 million, or approximately $2.40 to $2.60 per diluted share. The midpoint for ONE Gas’ 2016 net income guidance is $132 million, or $2.50 per diluted

Oil Could Go Lower: IEA

The IEA sees continued pressure on oil potentially pushing prices down further In its first Oil Market Report of the year, the International Energy Agency painted a pessimistic picture for the outlook of oil prices. Even as the IEA expects 600 MBOPD of non-OPEC production to fall off during the year, “this will inevitably be largely offset by higher production