The
@WestJet
Group says it’s strongly opposed to the travel advisory issued today by Ottawa.
It says the move is a “setback in Canada’s progress” & is “not based on science and data and significantly undermines the aviation sector’s proven safety record in response to COVID-19.”
I was among the hundreds of employees laid off today across Bell Media. My time at
@BNNBloomberg
was amazing and provided so many opportunities to tell great stories.
I will miss it & working with such great colleagues - I feel for those left now trying to do even more with less.
Alberta Premier
@jkenney
: There are 'creative ways' that Keystone XL could be revived.
Says it must be financially derisked for that to happen, but that KXL could be built by Q1/23.
Comes as Alberta Oil production & shipments are set to reach new records through 2022.
#KXL
Demands:
• RCMP detachment be removed & police end patrols. Say police have not yet left Wet'suwet'en territory.
• All CGL activities cease while talks are ongoing
• Will commit to discussions w/Cda&BC once demands are met & insist discussions be held on Wet’suwet’en territory
@maayanziv
This is ridiculous. I don't think most know how many thousands of dollars in damages (on top of lost productivity and dignity) this is. I'm so sorry.
Alberta Energy Minister
@sonyasavage
is criticizing the "irony" of the White House's decision to ask OPEC+ to increase oil production to help reduce high fuel prices in the U.S. Says the fact it comes just months after cancelling Keystone XL pipeline "smacks of hypocrisy."
#ableg
The Mohawk people of Tyendinaga say they're standing in solidarity with the Wet'suwet'en until demands are met. Say they will allow trains to pass through their territory and remain committed to do so once it is verified BC RCMP are out of the territory.
Wet'suwet'en Hereditary Chiefs have released a press release following Prime Minister
@JustinTrudeau
's request for the Barricades to come down. Say they are setting conditions for Nation-to-Nation Talks to begin.
Suncor Energy says it is acquiring TotalEnergies' Canadian Operations for $1.468 billion.
This includes the 31.23% working interest in the Fort Hills project... meaning Suncor will own 100%.
Brian Porter, CEO of
@scotiabank
says the energy sector is up against groups that are spreading a lot of misinformation about industry.” They are ‘well-funded, use different media platforms and are effective.’
The Trans Mountain pipeline expansion project costs are now expected to reach $30.9B.
That's an increase from the $21.6B announced in February of 2022, which was a 70% jump from original project costs.
#TMX
#TransMountain
Westjet: Canada's new travel measures “remain firmly out of step” with border policies enacted across the EU, the UK & US.
Says today’s advisory contradicts WHO's guidance that blanket travel bans will not prevent the spread of COVID-19 and adversely affect lives and livelihoods.
Harry Taylor,
@WestJet
’s CEO says every traveller is tested 2x on avg/journey. $WJA calling on Govt to ‘publicly share the travel related COVID-19 data that has been used to re-impose the advisory & advice targeted towards fully-vaccinated Cdns & the travel & tourism industry.’
Brrrrrrrrr. Natural gas prices at the AECO hub have just SOARED over the last few days during this deep freeze in Western Canada - daily prices are sitting at ~$14 / gigajoule.
#oott
#naturalgas
TC Energy is selling a 10% equity interest in Coastal Gaslink to Indigenous communities along the project corridor.
The option was made available to all 20 Nations holding existing agreements with CGL.
2 entities - representing 16 communities - have confirmed their support. $TRP
TC Energy has declared force majeure on its Keystone crude pipeline system - affecting shipments from Canada to U.S.
A notice sent to shippers (seen by Bloomberg) says a power outage at a S. Dakota pump station has disrupted the pipeline system & is under investigation
#oott
$TRP
ALPA is also calling for scientific data to be provided.
“The government has acknowledged the airline industry as being one of the hardest-hit sectors by COVID-19. Today’s announcement will force our industry to absorb further losses when it was finally heading towards stability”
Hundreds of Pro and Anti pipeline protestors are facing off in front of MP Kent Hehr's office right now. 75% appear to be pro pipeline, the other quarter appear to be with the
#stopKM
movement
#cdnpoli
#bcpoli
#abpoli
Alberta Premier
@jkenney
comments on low WCS pricing. Says this is “Predatory dumping” on the part of Saudi Arabia and Russia. Has been speaking with a number of officials in the US and Canada and there will be a “coordinated North American action to defend industry” coming
#OOTT
Tourmaline Oil and Clean Energy Fuels announce $70M Joint Agreement to build Compressed Natural Gas stations along key Western Canadian highway corridors. This is a 50-50 shared investment to create Canada’s “first natural gas powered highway.”
Crescent Point to buy Hammerhead Energy for ~$2.5B including $455M in debt.
CEO Craig Bryksa: “This strategic consolidation is an integral part of our overall portfolio transformation.”
$CPG
Mark Little, Suncor CEO, challenges business leaders across Canada to spend time in First Nations’ communities and to engage with Indigenous businesses and not rely on governments to solve challenges around reconciliation.
With >$100/bbl oil, production picking up & Cdn pipelines nearing limits, once again crude-by-rail is getting attention.
"Inquiries into our sites & our capabilities are certainly 10x what they were a month ago”: Kent McDougall, Torq Energy Logistics
#oott
Cenovus Energy has announced asset sales of nearly $660M.
They include its Husky retail fuels network and the Wembley assets.
@cenovus
says the cash will allow it 'to further focus the portfolio, accelerate deleveraging and support increasing shareholder returns.' $CVE
#oott
CP Rail plans to open its railway between Kamloops and Vancouver by "Mid-day" tomorrow.
Says crews have been working around the clock to repair 30 damaged sections, "with 20 resulting in significant loss of infrastructure."
#BCFloods
Alberta is increasing the prizes in its Vaccine Lottery.
Besides the 3 draws for $1M prizes, now its added 40 travel prizes through WestJet & Air Canada. They include all-inclusive luxury resort stays & flights across Canada and internationally.
#ableg
Porter tells
@CalgaryChamber
audience the bank also gets pressure from these groups over energy sector, but that
@scotiabank
has “made a stand, are proud of where we are and will continue to advocate for industry.”
What a day at work!
The province's oldest Plesiosaur fossil (approx 115 million years old!) is found by an employee operating a hydraulic shovel at the Syncrude Mildred Lake site.
As expected -
@TCEnergy
has filed a Notice of Intent to initiate a legacy NAFTA claim under the US-Mexico-Canada Agreement to recover economic damages as a result of the Presidential Permit being pulled for Keystone XL
#KXL
Notley: AGLC is putting an immediate halt on import of BC wine into Alberta. 2017: this worked out to 1.4M cases. Asking Albertans to choose Alberta craft beer instead
More Layoffs coming to the Canadian oil sector.
@Suncor
has informed employees this morning that it will be reducing its workforce by 10-15% over the year and a half. 5% of that in the next 6 months.
This works out to ~2000 employees.
#cdnpoli
#abpoli
#oott
CP Rail says it resumed rail operations b/t Kamloops - Vancouver Yesterday. The 1st trains going to Vancouver arrived this morning - loaded grain trains & one train carrying fuel.
Now attn turning to the massive backlog. CP is working closely w/customers & terminals to clear it.
After nearly 9 years with
@BNNBloomberg
, we bid a very heartfelt farewell to our
@greg_bonnell
. Thank you for your contribution to our newsroom both on-camera and off. We wish you nothing but the best!
Good news late on the Friday of a long weekend?
Tourmaline is issuing a quarterly cash dividend on its common shares of C$0.225/share. It will be payable on Sept 29 to shareholders of record at the close of business on Sept 15. $TOU
Another asset sale for Cenovus.
$CVE has reached an agreement to sell its NE Alberta Tucker thermal asset for $800M.
Proceeds will go towards "net debt and enhance its capacity to increase shareholder returns."
@Cenovus
now has completed almost $2B in asset sales this year
#OOTT
If you got a DM from 'me' asking how your trades are going, it is a SCAM.
Check the user handle. It is my name with a letter changed.
I am a journalist. I do not give advice or sell anything.
Please report the user.
Trans Mountain's route change request for its pipeline expansion has been approved by
@CER_REC
.
The change is for a 1.3 km section and was opposed by the local First Nation.
CER says its reasons for the decision will be released in the coming weeks.
#oott
Conservative Leader
@erinotoole
: “At a time when both countries need to focus on job creation, and strengthened bilateral relations, I call on the Prime Minister to immediately reach out to the incoming U.S. administration to stop this from happening.”
Elliott Investment Management calls for shake up at
@Suncor
Energy.
Wants new 5 new board members, Strategic & Management reviews. Believes more than $30B in value can be unlocked for shareholders. $SU
Elliott has set up
Brian Porter, CEO of Scotiabanks tells
@CalgaryChamber
that previous Canadians had courage to say “yes” to big projects. They helped build a country that’s the envy of of the world. Asks: “When did we stop being a country that says ‘yes’?”
Cenovus is announcing $50M to help address indigenous housing crisis in northern Alberta - The single largest community investment in the company’s history. $CVE is committing $10M per year for 5 years to build new homes in 6 First Nations and Métis communities.
So … this happened early this morning: A Consume Cannabis in a Motor Vehicle ticket was issued. Just like alcohol, consuming cannabis is legal - and like alcohol, consuming it in your vehicle is **not**.
#KnowYourRole
Bonnie George of the Wet'suwet'en is speaking with
@AndrewBellBNN
on Commodities. Says there are members of the community who don't want to speak out in favour of the
@CoastalGasLink
pipeline project out of fear of bullying, being called a 'traitor.'
Trans Mountain says the cost increases are due to issues such as inflation and global supply chain challenges, the BC floods and unexpected archaeological discoveries.
Now says it plans to deliver oil to its Westridge Marine Terminal in Burnaby during the Q1/2024.
#TMX
Alberta's oil curtailment policy will expire on Dec. 31.
@SonyaSavage
notes it's not needed, the market is working as it should - oil production is within export capacity & storage levels are expected to remain within the normal range of operations.
#abpoli
“The Biden administration’s plea for more oil confirms there will continue to be demand for Canadian and Alberta energy, and highlights the need for affordable and reliable energy as the world seeks to lower emissions."
@sonyasavage
will be on
@BNNBloomberg
at 1:30 MT / 3:30 ET
CN Rail says movements have resumed on its rail line along the Kamloops-Vancouver corridor.
@CNRailway
crews will continue to monitor both infrastructure and terrain over the coming days and weeks.
Alex Pourbaix says
@Cenovus
remains committed to the
#TMX
project: 'We believe the business case for this pipeline remains sound. Getting this pipeline built will provide a significant boost to the Cdn economy while helping to solidify investor confidence in our O&G industry' 1/2
Asked if Nation is largely in favour of pipeline, George says "it's obvious because all of our community signed on."
Adds it's "So disheartening to see" the news.
"People are so quick to jump on the bandwagon. Why don't you reach out and see how this is affecting our elders?"
Suncor to own 100% of Fort Hills, along with its 100% ownership of Firebag & MacKay River in-situ assets.
Kruger: acquisition addresses "a key uncertainty," providing $SU with add'l long-life bitumen supply to fill its Base Plant upgraders after the end of Base Mine life.
#oott
With so many people doing Skype interviews/hits into the news from home, I'm enjoying getting a look inside their houses!
Although I have to admit, I'm still waiting for a messy kitchen, accidental wandering pet, or loud toddler to pop up in the background.
All geared up for opening day of he
#CalgaryStampede
We have a full day of coverage lined up on
@BNNBloomberg
with special guests on the state of Calgary's economy ... but so far we've been dealing with technology problems! Stand by
#allinadayswork
Suncor is responding to a death at its Base Plant.
Spokesperson: “We are deeply saddened to confirm that the incident resulted in a fatality of a contractor worker."
Comes as
@Suncor
is under pressure from an activist investor after some safety/operational issues
HT
@roberttuttle
@garquake
@BNNBloomberg
@BubleQe
@EnergyCynic
Yes, $TOU is announcing a new Joint Development Agreement in a little over an hour. It's being described as a "first-of-its-kind initiative" to accelerate its emissions reduction plans.
Dozens of pro-pipeline supporters chanting "build that pipe" outside of Kinder Morgan Canada's AGM in
#yyc
. Cars driving by honking in support.
#TransMountain
@BNNBloomberg
Plan is to help heavy-duty trucks and commercial fleets to transition to the use of CNG.
NA logistics giant Mullen Group will support as an early adopter.
Clean Fuels: plan to start with 4 stations, growing to 15 by 2026.
Numerous vehicles driving by initially giving rude gestures to protestors... once they realize there are pro-pipeline protestors here, they are honking, giving thumbs up
#stopKM
#TransMountain
Parkland Corporation says it has begun ramping-up processing operations at the Burnaby Refinery thanks to the restart of the
@TransMtn
pipeline, the primary source of crude oil feedstock to the refinery.
#bcfloods
#TransMountain
Shareholders in both Arc Resources and Seven Generations have voted to approve the merger between the two companies to create Canada's 6th largest oil & gas company (~340K boed).
Deal still requires court and other regulatory approvals.
#oott
#oil
@t53832766
@BNNBloomberg
Thanks for your feedback. I can completely understand that from a viewer, but how do you suggest that can happen with fewer and fewer people all the time and now with even less time in their day?
@Stephanie4BC
@AirCanada
Mine JUST got trashed by
@Lynx_Air
last week. Will be a month for the new part and no idea what to do about all the scratches. Flying with
@WestJet
next week. Am trying to get the chair onboard so I don’t have to keep dealing with this.
#RightsOnFlights
Pro-pipeline rally taking place across from
@Fairmont_PAL
where Federal Finance Minister
@Bill_Morneau
is speaking. Chanting “let us work” and “build that pipe.”
Parkland says it has purchased approximately 156 retail locations, from Cenovus in Greater Vancouver, Vancouver Island, Calgary, and the Greater Toronto area.
#OOTT