Calgary-based Tourmaline Oil’s shares tumble on disappointing Q2 and production guidance changes

Shares in Tourmaline Oil Corp. tumbled by as much as 16 per cent on Thursday morning after it missed second-quarter expectations and warned it expects to produce fewer barrels of petroleum liquids and more dry gas this year. The Calgary-based…

Alberta oil and gas CEOs say combination of high dividend yields and sliding shares are spooking investors

Mid-sized Alberta oil and gas producers say their share prices have fallen so low that investors are starting to worry their rising dividend yields are becoming unsustainable. The irony is that his Calgary-based company has no intention of reducing its…

Alberta Securities Commission warns of scheme that targets money-losing investors

The Alberta Securities Commission is warning investors to steer clear of an organization that offers to help recover funds lost in high-profile failed investments but appears to be more focused on pocketing victims’ enrolment fees. The provincial regulator says Global…

Trading in MEG mixed after company rejects hostile takeover bid by Husky Energy

MEG Energy Corp. shares rose and fell in choppy trading Thursday after it formally rejected a $3.3-billion hostile takeover offer from oilsands rival Husky Energy Inc. The target company said after markets closed Wednesday that the Husky offer is opportunistic…

MEG shares soar as analysts predict Husky will strengthen hostile takeover offer

Financial analysts say Husky Energy Inc. will likely have to sweeten its $3.3-billion hostile takeover bid for fellow Calgary oilsands producer MEG Energy Corp., although they concede there are few white knights that are big enough to ride to its…