Oil & Gas

Anadarko To Buy Back $2.5 Billion Worth Of Shares

Anadarko Petroleum Corp. (NYSE: APC) said Sept. 20 it would spend $2.5 billion to buy back its own stock, a plan worth roughly 10% of its outstanding shares at current prices. Anadarko, like many U.S. oil producers, has seen its stock languish in 2017 as crude prices have stayed at or below $50 per ...

Precious Metals and Commodities Weekly (Video)

Our weekly walk through of precious metals, energy and soft commodities using a combination of commentary and technical analysis. This week we assess the markets post the overnight FOMC which was surprisingly upbeat, causing a U.S. dollar rally. We will also see why the rain in Argentina is causin ...

APPEA Extols East Australia Virtues But Lashes The West

Australian Petroleum Production and Exploration Association (APPEA) Chief Executive Malcolm Roberts has lauded the oil and gas industry for a raft of new gas supply deals helping to stave off a looming energy crisis in Australia, but says the Federal Government needs to do more to boost supplies and ...

U.S Dollar Hanging Tough For Now

September 21: Five things the markets are talking about The Fed’s decision to leave the benchmark interest rate unchanged was entirely anticipated yesterday, but their ‘hawkish’ forecast for where rates will be at the end of the year caught some of the market by surprise. As expected, the Fe ...

Investors Remain Unconvinced By Fed Projections

USD and Indices Pare Post-Fed Gains US futures are marginally lower and the dollar is paring gains ahead of the open on Wall Street, as we see some early profit taking after the Fed unexpectedly maintained its hawkish outlook for interest rates on Wednesday. Subdued inflation, recent Fed commentary ...

Hemisphere Energy Commences Development Program and Grants Incentive Stock Options

TSX-V: HME VANCOUVER, Sept. 21, 2017 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (“Hemisphere” or the “Company”) is pleased to announce that it has initiated its fall development program and has granted incentive stock options. Development Program Hemisphere has commenced its previ ...

Tech Talk for Thursday September 21st 2017

  Observations The TSX Composite Index moved above 15,324.56 setting a new intermediate uptrend. Responses to the FOMC announcement were muted: Equity indices initially moved lower, but closed virtually unchanged. The U.S. Dollar Index and its related ETF moved slightly higher. Gold and gold eq ...

Feds Hawkish Dots Surprise

Feds Hawkish Dots Surprise   The Fed(dots) surprised on the hawkish side, paving the road for a broad USD rally as the FX markets activity roared back to life with volumes surged. US 10y yields rose 6bps towards 2.29%, while equities and gold all took a dip lower. The markets jumped to attention w ...

Objects in the mirror may be closer than they appear

A few weeks ago I watched Logan, Marvel’s final installment in the Wolverine franchise. When Wolverine saves several horses from oncoming traffic on the highway, the scene is striking—not because of Wolverine’s heroics, but because the trucks look weird. At first, I couldn’t put my finger o ...

USD/CAD Canadian Dollar Lower After Fed Statement

Fed members forecast one more US rate hike The Canadian dollar is lower against its US counterpart on Wednesday. The U.S. Federal Reserve published its updated economic projections and as expected kept the interest rate unchanged at 100-125 basis points. Also keeping with market forecasts the US ce ...