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TransCanada posts quarterly loss but boosts dividend

TransCanada posts quarterly loss but boosts dividend

The company took a C$2.9B write-down on Keystone XL, resulting in its first ever quarterly loss. Excluding impairment charges, the company reported a net profit of 64 cents/share.

TransCanada has $13B worth of near term projects, including Northern Courier diluent and bitumen lines to/from Fort Hills to Fort Mac and Grand Rapids crude oil/diluent lines which run between Fort McMurray and Edmonton, Alberta.

Cenovus cuts deeper and slashes dividend

Cenovus cuts deeper and slashes dividend

Husky destaffs head office employees in Calgary

Husky destaffs head office employees in Calgary