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BUZZ-Canadian energy shares weaken again on wildfire uncertainty

Wed, 11th May 2016 14:38

** Shares of Canadian energy companies hit by the FortMcMurray, Alberta, wildfire were mostly back in the redWednesday even as producers signaled oil production could resumebefore long

** Shares of nine Toronto Stock Exchange-listed energy firmswere down by around by 1 pct to 2 pct on average in earlytrading Wednesday as broader Canadian stock market wasup 0.25 pct

** Energy firms down after posting big rebounds Tuesday whengovernment and industry officials said restarts in the bigproduction areas north of Fort McMurray were just days away inmany cases

** The nine had sunk by an average of 5.2 pct in the firstsix days of trading in May vs a 2.75 pct decline for their U.S.rivals in the S&P 500 Energy Index

** Athabasca Oil Co was off 1.8 pct early Wednesdayafter posting the group's biggest rebound on Tuesday, gaining6.7 pct, its best day in two weeks. Production at itsHangingstone project site, south of Fort McMurray, remainedshut. Company's shares took a hit of 18.6 pct since the firebroke out May 1

** Suncor Energy Inc slid 1.6 pct Wednesday afterrising 3.85 pct Tuesday, its biggest daily gain since Feb 17.Shares of Suncor, the Fort McMurray area's biggest producer at350,000 barrels per day, had sunk around 10 pct in the daysafter the fire broke out

** Other action in the group:

** Enbridge Inc was down 1.4 pct following 3.5 pctadvance on Tuesday, biggest gain since Feb 25

** Canadian Natural Resources was down 1.8 pct vsgain 3.2 pct gain Tuesday

** Husky Energy was off 2.6 pct after rising 2.6pct Tuesday

** Imperial Oil was off 1.8 pct vs a 1.6 pct gainTuesday

** Keyera Corp dropped 2.2 pct vs a 2.8 pct gainTuesday

** Inter Pipeline Ltd was the only gainer in thegroup, up 0.3 pct on top of a 0.4 pct rise on Tuesday

** Connacher Oil and Gas Ltd was unchanged afterbeing the only stock in the group to fall on Tuesday

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19 Jan 2022 21:37

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19 Jan 2022 08:56

LONDON MARKET OPEN: FTSE 100 steady despite UK inflation intensifying

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18 Jan 2022 17:05

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18 Jan 2022 13:08

UPDATE 1-Norway awards 53 new petroleum production licences

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18 Jan 2022 13:00

Angry investors seek to appoint board member to Third Point UK fund

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18 Jan 2022 12:51

UPDATE 2-Climate activists lose court case against UK oil regulator

(Adds reaction from government minister)By Shadia NasrallaLONDON, Jan 18 (Reuters) - A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's ...

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18 Jan 2022 12:51

UPDATE 1-Climate activists lose court case against UK oil regulator

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18 Jan 2022 12:14

LONDON MARKET MIDDAY: Markets red as inflation worries return to fore

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UPDATE 2-Oil majors, Iberdrola among winners set to harness Scottish wind

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17 Jan 2022 10:33

UPDATE 3-Scottish wind sale nets nearly $1 billion with Shell, BP among winners

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17 Jan 2022 10:33

UPDATE 1-Crown Estate Scotland offers 17 projects seabed rights for offshore wind

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