Articles Tagged "NYSE:ECA"

TSX Recovers After NDP’s Alberta Win Sparks Energy Sector Concerns

Oil – The NDP's victory in Alberta's provincial election caused the TSX to drop on Wednesday as energy stocks took a hit. Specifically, the S&P/TSX Composite index dropped 0.99 percent, or 150.05 points, to close at 15,023.89 points. The dip marked a one-month low and put seven out of 10 of the main sectors on the index in the red.

New US Fracking Regulations Face Opposition

Gas – The new fracking rules unveiled by the US federal government last week have already caused quite a stir. Two industry groups reportedly filed a lawsuit within minutes of the announcement.

Chevron Buys Out Encana and EOG, Takes Lead in Kitimat Project

Gas – The Globe and Mail reported that Chevron Corp. (NYSE:CVX) has agreed to take 50-percent ownership of Kitimat LNG by buying the minority positions held by Encana Corp. (TSX:ECA,NYSE:ECA) and EOG Resources Inc. (NYSE:EOG). The move places Chevron at the helm of the project and brings it closer to becoming a reality.