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When oil prices plunged below zero, these CEOs bought up stocks in their own companies

When oil prices plunged below zero, these CEOs bought up stocks in their own companies
financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.

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When oil prices plunged below zero, these CEOs bought up stocks in their own companies

When oil prices plunged below zero, these CEOs bought up stocks in their own companies
leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.

United States , Christina Lake , British Columbia , Saudi Arabia , Fort Mcmurray , Laura Lau , Derek Evans , Tim Mckay , Murray Edwards , Eric Nuttall , Mark Little , Brad Corson , Geoffrey Morgan , Wood Mackenzie , Ed Lafehr , Exxon Mobil Corp , Baytex Energy Corp , Energy Corp , Imperial Oil , Suncor Energy Inc , Canadian Natural Resources Ltd , Brompton Group , Enerplus Inc , Toronto Stock Exchange , Cenovus Energy Inc , Whitecap Resources Ltd ,

Enbridge sees oilsands spending rising after a year-long freeze


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CALGARY – North America’s largest pipeline company Enbridge Inc. believes spending is projected to ramp back up in the oilsands, after taking a hit during the height of the COVID-19 pandemic.
“Did COVID change the oil markets? I think it did, yes,” Enbridge president and CEO Al Monaco said Wednesday at an investment conference hosted virtually by Scotiabank and the Canadian Association of Petroleum Producers.
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Enbridge sees oilsands spending rising after a year-long freeze Back to video
“It did drive consolidation, capital and operating discipline and that’s probably what the industry needed,” Monaco said, referring to a wave of mergers and acquisitions across the upstream oil and gas industry in recent months, including Cenovus Energy Inc.’s purchase of Husky Energy Inc., ARC Resources Ltd.’s purchase of Seven Generations Energy Ltd. as well ....

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