Canexus Income Fund (TSX:CUS.UN) said Thursday it operating subsidiary earned $9.5 million in its latest quarter compared with $17.5 million a year ago.The fund said the Canexus Limited Partnership, in which it indirectly owns 37.9 per cent, earned quarterly revenue was $110.8 million, up from $99.2 million."Our second-quarter performance keeps us on track with the improved guidanc...
CALGARY _ Husky Energy Inc. (TSX:HSE) is expecting another record year after posting a big jump in quarterly profits and increasing its quarterly dividend by 25 per cent."The second quarter of 2008 demonstrated Husky's strategy and the strong commodity price environment," CEO John Lau said in a conference call with analysts Thursday.For the rest of the year, he said the company wi...
FORT MCMURRAY, Alta. _ A group of Greenpeace activists who broke into a Syncrude Canada Ltd. operation in northern Alberta to draw attention to a campaign against oilsands development have been arrested, ticketed and released by police.The protesters said they blocked a pipe that flows into the same Aurora North tailings pond where 500 ducks died last April.Greenpeace spokesman Dav...
FREDERICTON _ The board at New Brunswick Power is handing out raises and reinstating controversial performance bonuses that could see the utility's president collect up to a half million dollars per year.The board announced Thursday that the company president will be paid up to $400,000 per year and could collect a bonus of up to 25 per cent of that, while the eight other executives will b...
CALGARY _ Saskatchewan is among the fastest growing economies in Canada thanks to its burgeoning resource sector, led by oil, fertilizer, uranium and grain.And as the Prairie province sheds its "have not" status, many Saskatchewan-based companies have been showing up on investors' radar.Saskatchewan is home to the world's biggest fertilizer producer, uranium miner and Canada's larg...
PITTSBURGH, Pa. _ Nova Chemicals Corp. (TSX:NCX), a Canadian-American plastics and petrochemicals producer, reported higher revenues but a 78 per cent drop in second quarter profits as the company took a non-cash charge on its raw material hedging contracts.Nova said Thursday it earned US$18 million or 21 cents a share for the three months ended June 30, down from earnings of US$80 million...
SAINT JOHN, N.B. _ Many Maritime motorists are getting some relief at the pumps.In New Brunswick, the Energy and Utilities Board has released the weekly price schedule and gasoline is down almost 10 cents a litre.In the Saint John area today, many stations are selling a litre of self-serve for $128.8, down from $138.3 on Wednesday.Diesel is down over eight cents from a week...
NEW YORK _ Energy market investors managed to win back modest gains Thursday following oil's big drop a day earlier, but again drive natural gas prices sharply lower as a three-week sell-off of that fuel continued unabated.Light, sweet crude for September delivery rose US$1.05 to settle at $125.49 a barrel on the New York Mercantile Exchange _ gaining back only about a quarter of Wednesday...
CALGARY _ Planned maintenance and unexpected repairs caused Suncor Energy Inc.'s (TSX:SU) production to slip during the second quarter, but earnings rose 12 per cent for Canada's No. 2 oilsands producer thanks to high crude prices.Suncor said Thursday its oilsands production averaged 174,600 barrels per day, down 14 per cent from the second quarter of 2007.Management lowered its fu...
FORT MCMURRAY, Alta. _ A small group of Greenpeace activists has broken into a Syncrude Canada Ltd. operation in northern Alberta to draw attention to a campaign against oilsands development.The protesters say they have blocked a pipe that flows into the same Aurora North tailings pond where 500 ducks died last April.Greenpeace spokesman David Martin said they have also unfurled a...
