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1:50 pm

Whitecap slashes capital budget another 18% as oil prices continue to crumble

Whitecap Resources (TSE:WCP) is reducing its 2015 capital budget by another 18 percent to $200 million from its last guidance in December, in light of the continuing decline in commodity prices.

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Wednesday, January 28, 2:47 pm

2015: The Year for Emerging Markets?

  Last year was pretty rough for many emerging markets thanks to concerns about global growth and the impact of a strong dollar. Commodity-centric nations were hit especially hard as ...

International

11:59 am

VIDEO EXCLUSIVE: Active Energy CEO on Canadian forestry bids

Richard Spinks, the chief executive of Active Energy (LON:AEG), discusses the three bids that have come in for KAQUO, the AIM-listed company’s Canadian forestry joint venture, which amount to a total value of US...

Articles

  • TSX snaps 5-day rally as weaker oil prices sink energy producers

    Canadian shares fell, halting a five-day rally, as a drop in oil prices on anxiety about a buildup in U.S. crude inventories nudged down energy producers. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) slipped 0.4 percent to 14,768.99 at 12:34 p.m. in Toronto.

  • Wall Street choppy ahead of Fed statement; Apple jumps over 7%

    U.S. stocks lost steam on Wednesday ahead of the Fed's latest policy statement and after Apple made quarterly profit history, blowing past expectations late yesterday with its results. 

  • Apple's Q1 results smash Street view as iPhone sales jump 46% to 74.4 mln units

    Apple (NASDAQ:AAPL), the world’s largest technology company, reported fiscal first-quarter results that trounced Wall Street expectations thanks to a 46 percent jump in iPhone sales and a 70 percent rise in China sales. Shares surged. The company sold 74.5 million iPhones in the quarter ended December 27, the Cupertino, California-based company said in a statement late yesterday. Many analysts had expected fewer than 70 million.

  • Cenovus cuts 2015 capital budget by another 27% since last December forecast

    Cenovus Energy (TSE:CVE) (NYSE:CVE) has lowered its 2015 capital spending budget even further from December levels, promising to defer another $700 million in expenses originally planned for this year due to continued weakened oil prices.

  • Annual PDAC Power Breakfast to feature Endeavour Silver

    The 2015 PDAC event is drawing near, and ProactiveInvestors is getting ready to put on its annual power breakfast, which promises to feature some of the best and brightest in the mining industry. 

  • Great Panther succeeds at extending San Ignacio mineralization to the south

    Great Panther Silver (TSE:GPR) (NYSE:MKT:GPL) said it has extended the continuity of high grade silver-gold mineralization for about 300 metres south of its current mining activities at its San Ignacio satellite mine, which is part of its Guanajuato complex in Mexico.

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