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Stock impact report

As Canadian oil discount persists, industry struggles to find path to growth [Toronto Globe and Mail (Ontario, Canada)]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
A lack of pipelines is hitting the Canadian energy sector hard these days – and not just in the oil sands. Infrastructure bottlenecks have long been the bane of Alberta’s heavy crude sector, but limited export capacity is now causing headaches across the energy industry. Companies that produce light oil and other gas-related liquids have recently seen their prices decline compared with what competitors in the United States are able to command. That slump is eroding the benefit that western producers enjoyed from the rise in global crude prices this year, and is reinforcing the view that Canada is forgoing billions of dollars of energy revenues that would go to both industry and government. Story continues below advertisement Calgary-based Modern Resources Inc. is one example of a company whose ambitions are being stymied by a shortage of pipeline capacity needed to get Alberta’s growing oil and gas production to markets. Open this Show less Read more
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