Today’s energy and equity market update:
- Crude benchmarks little changed for the day.
- Cdn Light and WCS post fourth consecutive week of losses.
- Henry Hub gains over 2% for the week.
- Stellar jobs report helps loonie pair losses from earlier in the week.
- TSX energy sector logs third consecutive week of declines.
- SPX energy sector logs fifth consecutive week of declines.
Today’s notable energy news:
- US loses two oil rigs this week, while Canada adds five.
- Occidental seals the deal on US$57B purchase of Anadarko.
- Australia’s IFM Investors buys Buckeye Partners for US$10.3B.
Today’s notable first quarter earnings:
- Enbridge posts $1.9B profit, as Mainline volumes reach a record high.
- Enerplus posts $19M profit, as output rises 4% to 88.6 kboe/day.
- Obsidian Energy posts $54M loss, as output dips 6% to 27.7 kboe/day.
