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| How a late snow storm led to an early release
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DAVE EBNER
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Friday, April 30, 2010
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Amid a swirling spring snowstorm, an assistant in Agrium Ltd.'s investor relations department decided to work from home to avoid a drive on the slippery highway between her home south of Calgary and the company office in the city.
FULL STORY 
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| Lumber rebounds to highest levels in three years
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DAVE EBNER
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Monday, April 19, 2010
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Lumber prices are surging to their highest levels in three years, buoyed by tight supply and better demand, leading industry executives to project a multiyear cycle that will see wood enjoy a boom experienced by other commodities such as oil, copper and coal.
FULL STORY
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| Black Press founder joins CanWest paper chase
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DAVE EBNER AND GRANT ROBERTSON
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Thursday, March 04, 2010
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B.C. newspaper magnate David Black is making a bid for CanWest LP's chain of dailies, adding a major industry player to an auction that has now attracted a half-dozen groups.
FULL STORY
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| Housing sales bounce back nationwide
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DAVE EBNER AND SUSAN KRASHINSKY
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Wednesday, July 15, 2009
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Mike Stewart has never been busier. After a brutally slow winter, the real estate agent has signed a string of deals and in May had his best-ever month, notching 10 sales in downtown Vancouver, adding another seven in June.
FULL STORY
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| FIVE THINGS: MARKET ROUTS
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DAVE EBNER
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Saturday, October 04, 2008
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1 You thought this week was bad?Sure, declines on the Toronto Stock Exchange of 6.93 per cent on Monday and 6.95 per cent on Thursday weren't much fun. They were the fifth- and fourth-worst days in the history of Canada's benchmark bourse. But compared with past plunges, this wild week - final tally: down 10.9 per cent in five days - was not as severe as the worst sessions in stock market history. The No. 1 dark day is of course Black Monday - Oct. 19, 1987 - when the TSX hurtled 11.3 per cent lower. After recovering somewhat, it fell another 7.6 per cent the next Monday, the No. 3 decline in Canada.
FULL STORY
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| The craving is gone
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Dave Ebner
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Friday, October 27, 2006
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At 41 years old, the biggest mouth in the oil patch, and one of the biggest successes, is retiring. In 1998, Don Gray gathered up his retirement savings of $70,000 and co-founded a junior natural gas exploration company. Peyto Energy Trust is now worth more than $2 billion, and Gray has amassed a personal fortune of about $100 million. Gray has always cut his own path. He was ahead of the curve in making Peyto an income trust in 2003, and he didn't pull any punches when he called his competitors ''mediocre.'' We talked with him recently in his mostly bare office.
FULL STORY
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| 'No takers' step up for rights at Fort Liard
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DAVE EBNER
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Thursday, September 28, 2006
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An offering of natural gas exploration rights in the Fort Liard area of the Northwest Territories has drawn zero interest from energy companies.''There's no takers. There's no interest,'' said Harry Deneron, chief of the Acho Dene Koe Band in Fort Liard.
FULL STORY
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| Ottawa says no to Mackenzie pipeline subsidy
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DAVE EBNER
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Thursday, September 28, 2006
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The Conservative government won't subsidize the proposed Mackenzie Valley natural gas pipeline, but taking an equity stake in the struggling project is among a range of possibilities, Ottawa's top negotiator said yesterday.
FULL STORY
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| EnCana's sale casts Arctic chill on pipeline plan
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DAVE EBNER
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Tuesday, September 26, 2006
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EnCana Corp. is selling its holdings in the Mackenzie Delta and the Canadian Arctic, suggesting that there is fading optimism among industry leaders that the proposed Mackenzie Valley natural gas pipeline will ever get built.
FULL STORY
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| Western Oil's Iraq foray backed
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DAVE EBNER
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Tuesday, September 26, 2006
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A Wall Street money manager is defending Western Oil Sands Inc.'s controversial foray into Iraq, telling the company in a weekend letter that its move is bold and unique.
FULL STORY
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| Western Oil feels shareholder heat
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DAVE EBNER
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Saturday, September 23, 2006
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A Toronto money manager is calling on Western Oil Sands Inc. to consider putting the company up for sale, the latest episode of increasing activism among disgruntled shareholders.''As a meaningful shareholder, we are officially requesting that management and the board of directors hire an adviser to seek alternatives to maximize shareholder value, and announce this to the public,'' stated a letter sent to the company by Salida Capital Corp., a Toronto-based investor.
FULL STORY
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| Edwards sees threat to oil sands projects
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DAVE EBNER
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Friday, September 22, 2006
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High costs will likely derail some projects in the oil sands, according to Murray Edwards, the reclusive vice-chairman of Canadian Natural Resources Ltd., one of many firms working in the overheated Fort McMurray region of Alberta.
FULL STORY
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| BP to spend heavily in U.S. to handle oil sands crude
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DAVE EBNER
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Thursday, September 21, 2006
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BP PLC is making the largest investment to date in U.S. refining capacity to handle Canadian oil sands output, saying yesterday that it is in the final stages of planning for a $3-billion (U.S.) upgrade of its major Whiting refinery near Chicago.
FULL STORY
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| Shell pays $25-million for more Alberta leases
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Dave Ebner
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Thursday, September 21, 2006
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Royal Dutch Shell PLC has paid $25-million for additional oil sands leases, according to results of a biweekly sale of exploration rights released by the province of Alberta yesterday. The money comes on top of about $566-million Shell has already spent this year for oil sands territory. The results of the latest biweekly land sales have pushed Alberta's total take this year to $3.08-billion. The former annual record of $2.26-billion, set in 2005, was eclipsed in July. RDSA (London) rose 1 pence to & 17.23 ($36.67).
FULL STORY
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| Pipeline conversion plan draws fire
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DAVE EBNER
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Thursday, September 21, 2006
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A fight between Calgary's biggest energy companies has erupted over TransCanada Corp.'s proposed Keystone oil pipeline, with EnCana Corp. and Shell Canada Ltd. opposing the plan and Canadian Natural Resources Ltd. and Suncor Energy Inc. standing in favour.
FULL STORY
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| Pengrowth to buy Exxon oil properties
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Dave Ebner
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Tuesday, September 19, 2006
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Pengrowth Energy Trust announced it is paying $475-million for oil properties from Exxon Mobil Corp.'s Canadian arm. The trust is paying more than $90,000 for each of the 5,100 barrels of daily production it is acquiring, most of which is oil. The trust plans to dilute the stock of current unitholders by more than 10 per cent to fund the purchase, selling 17.7-million new units at $22.60 apiece in a bought deal for $400-million to a syndicate of underwriters led by Royal Bank of Canada. The deals were announced after the market closed yesterday. PGF.UN (TSX) rose 34 cents to $23.69.
FULL STORY
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| CNQ snaps up Anadarko gas properties
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DAVE EBNER
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Friday, September 15, 2006
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Canadian Natural Resources Ltd. is paying $4.1-billion (U.S.) for Anadarko Petroleum Corp.'s assets in Canada, the most expensive deal in the firm's history and a major bet on natural gas, a commodity whose price has slumped severely this year.
FULL STORY
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| Western Oil Sands faces revolt
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PATRICK BRETHOUR, DAVE EBNER, ANDREW WILLIS
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Friday, September 15, 2006
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Major shareholders in Western Oil Sands Inc. -- unhappy with its foray into Iraq -- are about to begin a public battle to oust the company's board of directors, says a source close to the investors.
FULL STORY
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| EnCana eyes U.S. refinery for oil sands crude
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SHAWN McCARTHY, DAVE EBNER
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Thursday, September 14, 2006
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Calgary-based EnCana Corp. is set to acquire an interest in a Chicago-area refinery to process its oil sands crude, part of an effort by a host of companies with planned expansions to find the most profitable way to market the sludge-like crude produced in northeastern Alberta.
FULL STORY
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| Crescent Point pays top dollar for junior explorer
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DAVE EBNER
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Tuesday, September 12, 2006
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Crescent Point Energy Trust says it is paying about $700-million for Mission Oil and Gas Inc., doling out top dollar for a junior explorer with a major position in the potentially prolific Bakken oil field in Saskatchewan.
FULL STORY
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| They didn't get mad, they got busy
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DAVE EBNER
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Monday, September 11, 2006
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Brian Dau, the former president of Anderson Exploration Ltd., bumps into old colleagues regularly. Mr. Dau gave up the reins of Anderson Exploration after Devon Energy Corp. bought it for $5.3-billion in 2001. Following the deal, he and several other close associates, including company founder J.C. Anderson, started a new firm, Anderson Energy Ltd., which has its office in the same downtown Calgary building that houses Devon.
FULL STORY
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| EnCana changes upgrader tune
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DAVE EBNER
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Thursday, September 07, 2006
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EnCana Corp. might eventually build an upgrader to process future oil sands production, the company's chief executive officer said yesterday, but the current focus remains on signing on partners to do the job.
FULL STORY
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| Oil sands frenzy? not for Talisman
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DAVE EBNER
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Wednesday, September 06, 2006
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Talisman Energy Inc.'s latest billion-dollar-plus auction of assets stands out for many reasons. There is the half-century-old contract typed on onion-skin paper that could itself be worth $400-million. But what might raise even more eyebrows is that while there's a global scramble to get into the oil sands, Talisman obviously wants out.
FULL STORY
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