United States

Shanti S Nair

Concho Resources to sell strip of New Mexico assets for $925 million

Sep 03 2019

U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell a portion of its New Mexico assets for $925 million to KKR-backed Spur Energy Partners LLC and plans to use the money to lower its debt and buyback shares.

Canada's Pembina Pipeline makes storage play with $3.3 billion Kinder Morgan deal

Aug 21 2019

Canada's Pembina Pipeline Corp has agreed to buy Kinder Morgan Canada and the U.S. portion of the Cochin pipeline for C$4.35 billion ($3.28 billion), bulking up its storage resources in Canada.

Canada's CAE sees strong pilot training demand when Boeing MAX jets fly

Aug 14 2019

CAE Inc expects strong demand from airlines for pilot training when Boeing Co's grounded 737 MAX jets are cleared to fly, Chief Executive Marc Parent told analysts on Wednesday, after the Canadian training specialist reported lower-than-expected quarterly earnings.

Barrick doesn't have 'for-sale' sign on Tongon, Massawa, but open to options: CEO

Aug 12 2019

Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday.

Mosaic cuts profit view; cites bad weather, weak phosphate margins

Aug 06 2019

U.S. fertilizer company Mosaic Co cut its full-year earnings forecast and posted a lower-than-expected profit, as rains and flooding in the United States hit its volumes and phosphates margins, sending its shares down as much as 12.3%.

UPDATE 2-CannTrust discloses Ontario Securities probe, delays Q2 results

Aug 01 2019

Aug 1 The Ontario Securities Commission has opened an investigation into CannTrust Holdings Inc, the cannabis producer said on Thursday, less than a month after the health regulator found unlicensed pot cultivation by the company.

CannTrust slumps after Health Canada finds unlicensed pot cultivation

Jul 08 2019

CannTrust Holdings Inc's shares plunged about 23% to a more than one-and-half-year low on Monday, after Health Canada found the weed producer grew cannabis in unlicensed rooms, and then restricted the company from clearing its inventory.

Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings

Jul 01 2019

Exxon Mobil Corp said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits sequentially and down from a year-earlier.

U.S. insurer Chubb pulls back from coal

Jul 01 2019

Chubb Ltd will become the first U.S. insurer to phase out its coal investments and insurance policies, saying on Monday it will no longer sell insurance to or invest in companies that make more than 30% of their revenue from coal mining.

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