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Shell sells its Alberta shale assets to Calgary-based Crescent Point

Shell sells its Alberta shale assets to Calgary-based Crescent Point By Robert Tuttle on 2/18/2021 Crescent Point Energy CALGARY (Bloomberg) Crescent Point Energy Corp. agreed to buy some of Royal Dutch Shell Plcâs Western Canadian shale operations for about C$900 million ($707 million) in the latest example of consolidation in the Canadian oil and gas sector. Calgary-based Crescent Point, an oil driller with a focus on Saskatchewan, will acquire Shellâs Kaybob Duvernay assets for $550 million in cash and 50 million Crescent Point common shares. The assets are expected to produce about 35,000 barrels of oil equivalent a day by the second quarter, including a number of drilled and uncompleted wells that are about to come on stream, the company said in a release.

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Varcoe: Energy sector deals show size, scale, relevance do matter

Wednesday s announcements come after a gruelling period for the sector that saw oil prices tank last year at the start of the pandemic

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हिंद महासागर क्षेत्र में अब तक के सबसे बड़े अभ्यास में जुटी भारतीय नौसेना
loktej.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from loktej.com Daily Mail and Mail on Sunday newspapers.

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हिंद महासागर क्षेत्र में अब तक के सबसे बड़े अभ्यास में जुटी भारतीय नौसेना

हिंद महासागर क्षेत्र में अब तक के सबसे बड़े अभ्यास में जुटी भारतीय नौसेना
samaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from samaylive.com Daily Mail and Mail on Sunday newspapers.

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John Zechner s Top Picks: Dec 29, 2020

John Zechner s Top Picks: Dec. 29, 2020 BNN Bloomberg VIDEO SIGN OUT Focus: North American large cap stocks MARKET OUTLOOK We head into 2021 with the most widely held consensus on both economic activity and stock market performance we have seen in decades. That alone tends to make us a bit nervous, especially with stock market valuations at record levels, investor sentiment ragingly bullish and speculative activity continuing to surge (think Tesla, SPACs, Bitcoin and IPO fever). Investors expect economic growth to rebound, which makes sense given that millions of COVID-19 vaccine doses are on track for distribution, new fiscal stimulus packages are on the way and central banks remain adamantly supportive. In our view, economic growth will meet these expectations, with continued manufacturing recovery boosted by a pent-up demand for service spending in areas such as travel and entertainment. The âfly in the ointmentâ could be a reversal of the interest rate decl

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