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Stock Market & Financial Investment News

News Breaks
January 29, 2014
09:03 EDTENB, COPEnbridge to invest $200M to expand Sunday Creek Terminal
Enbridge (ENB) announced that it will construct additional facilities at its Sunday Creek Terminal, located in the Christina Lake area of northern Alberta, to support production growth from the Christina Lake oil sands project operated by Cenovus Energy and jointly owned with ConocoPhillips (COP). The estimated cost for the expansion is approximately $200M with a targeted in-service date of 3Q15. The expansion includes development of a new site adjacent to the existing terminal, construction of a new 350,000 barrel tank with associated piping, pumps and measurement equipment, as well as civil work for a future tank. The existing Sunday Creek Terminal was put into service in August 2011.
News For ENB;COP From The Last 14 Days
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July 1, 2015
18:20 EDTCOPShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
08:36 EDTENBEnbridge purchases equity position in Fairwood LNG
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June 24, 2015
11:12 EDTCOPConocoPhillips management to meet with Jefferies
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07:19 EDTCOPU.K. panel to decide on first fracking in area since 2011, WSJ reports
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