Oil and Gas

As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&PTSX Composite Index and S&PTSX 60 Index prior to the open of trading on Monday, September 19, 2022 :

S&P/TSX 60 INDEX – September 19, 2022


COMPANY

GICS SECTOR

GICS SUB-INDUSTRY

ADDED

Tourmaline Oil Corp
(TSX:TOU)

Energy

Oil & Gas Exploration & Production

DELETED

Bausch Health Companies
Inc. (TSX:BHC)

Health Care

Pharmaceuticals

S&P/TSX COMPOSITE INDEX – September 19, 2022


COMPANY

GICS SECTOR

GICS SUB-INDUSTRY

ADDED

Algoma Steel Group Inc.
(TSX:ASTL)

Materials

Steel

ADDED

Bellus Health Inc
(TSX:BLU)

Health Care

Biotechnology

ADDED

Uni-Select Inc (TSX:UNS)

Consumer
Discretionary

Distributors

DELETED

Aurora Cannabis Inc.
(TSX:ACB)

Health Care

Pharmaceuticals

DELETED

Aecon Group (TSX:ARE)

Industrials

Construction & Engineering

DELETED

Dream Office REIT
(TSX:D.UN)

Real Estate

Office REIT's

DELETED

New Gold Inc (TSX:NGD)

Materials

Gold

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500 ® and the Dow Jones Industrial Average ® . More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com .

SOURCE S&P Dow Jones Indices LLC.

Cision View original content: http://www.newswire.ca/en/releases/archive/September2022/02/c8715.html

News Provided by Canada Newswire via QuoteMedia

TOU:CA,TRMLF

Suncor Energy Commences Tender Offers for Ten Series of Notes

Suncor Energy Inc. (TSX: SU) (NYSE: SU) ("Suncor") today announced offers to purchase for cash any and all of the ten series of outstanding notes described below ("Notes"), up to a maximum C$1,750,000,000 aggregate amount of Total Consideration (as defined below), on the terms and conditions set forth in the Offer to Purchase dated September 26, 2022 (the "Offer to Purchase"). The Offer to Purchase and the related Notice of Guaranteed Delivery can be accessed at the following website: https:www.gbsc-usa.comsuncor. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
oil barrel and stock chart overlayed on map

Top 10 Oil-producing Countries (Updated 2022)

In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations and now the Russia/Ukraine war.

The output control deal made between the Organization of the Petroleum Exporting Countries (OPEC) and 11 of the world’s top oil producers expired in 2020. When production rose dramatically in April of that year after Russia’s decision not to approve further cuts proposed by Saudi Arabia, the de facto OPEC leader responded by offering its product at a discount and producing more oil.

In an oversupplied market suffering from a lack of demand, oil prices turned negative, shocking market participants. Finally, with some pressure from the US, Russia and OPEC finally came to an agreement to cut production by 9.7 million barrels per day (bpd) — the single largest output decrease in history.

Keep reading...Show less
Top 5 US Oil and Gas Dividend Stocks in 2022

Top 5 US Oil and Gas Dividend Stocks in 2022

Major oil and gas stocks have historically offered investors high dividend yields, especially when prices are strong.

In 2022, oil and gas stocks have continued their recovery from COVID-19 lockdowns, with some analysts calling for a multi-year bull market. The impact of Russia’s aggression in Ukraine has further highlighted already precarious supply problems.

Because of those and other factors, this segment of the stock market is flush with dividend yields of over 5 percent and as high as 11 percent. A dividend is part of a company’s profits that is paid out regularly to shareholders, typically quarterly.

Keep reading...Show less

Ovintiv Posts Montney Webcast Materials

Ovintiv Inc. (NYSE: OVV) (TSX: OVV) released materials associated with its Montney webcast and conference call, planned for today at 9:00 a.m. MT ( 11:00 a.m. ET ). The materials can be found on the company's website, www.ovintiv.com under InvestorsPresentations and Events. The webcast will be archived for approximately 90 days.

Ovintiv Posts Montney Webcast Materials (CNW Group/Ovintiv Inc.)

To join the webcast, please use the following URL: https://app.webinar.net/2wgpZWzQJPV

Analysts may participate in the conference call by dialing 888-664-6383 (toll-free in North America ) or 416-764-8650 (international) approximately 15 minutes prior to the call.

Further information on Ovintiv Inc. is available at www.ovintiv.com , or by contacting:

Investor contact: (888) 525-0304
investor.relations@ovintiv.com

Media contact: (403) 645-2252

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/ovintiv-posts-montney-webcast-materials-301626745.html

SOURCE Ovintiv Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/19/c5119.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
10 Natural Gas Facts for Investors (Updated 2022)

10 Natural Gas Facts for Investors (Updated 2022)

After trading at historical lows for a number of years, natural gas prices experienced exponential growth in 2021 and 2022. Going forward, the supply and demand fundamentals for the natural gas industry are expected to fare better in the coming years.

The US Energy Information Administration (EIA) predicts that the Henry Hub natural gas spot price will rise through 2022. The EIA points to rising demand associated with colder temperatures compared to the previous year leading to upward pressure on natural gas prices. The agency said natural gas prices increased sharply mid-year, rising from an average of US$5.73/MMBtu (metric million British thermal units) on July 1 to $8.37/MMBtu on July 29. However, the EIA expect the Henry Hub price to average US$7.54/MMBtu in the second half of 2022 before dropping to an average of US$5.10/MMBtu in 2023 on rising natural gas production.

Prices have risen on the back of growing demand for natural gas, which is used primarily as a heating fuel and to generate electricity. In fact, natural gas is currently the most widely used fuel for space heating in the US, and has also started to beat out coal as the top fuel for electricity generation. Before jumping into the space, here are 10 more basic natural gas facts to know.

Keep reading...Show less
Ways to Invest in Natural Gas (Updated 2022)

Ways to Invest in Natural Gas (Updated 2022)

Natural gas is the largest source of electricity generation in the US, recently beating out coal as the top power fuel. Even so, global demand can be volatile as it is very much dependent on the weather.

Natural gas is a hydrocarbon gas mixture that is primarily composed of methane and is found by itself or with oil. Although its a carbon-based fuel, natural gas is considered a cleaner form of energy than oil and coal. Natural gas is often cooled to produce liquefied natural gas (LNG) to reduce transport risk and allow for easier storage.

For some investors, natural gas investment remains an exciting frontier and a potentially lucrative portfolio addition. Read on for a more in-depth look at why natural gas investing can be compelling.

Keep reading...Show less

Latest Press Releases

Related News

×