|Bid||50.05 x 600|
|Ask||50.06 x 1000|
|Day's Range||49.39 - 50.19|
|52 Week Range||39.00 - 53.17|
|PE Ratio (TTM)||-15.83|
|Dividend & Yield||1.06 (2.23%)|
|1y Target Est||N/A|
Canada's Cenovus Energy Inc has reached an agreement to sell its Suffield oil and gas assets for C$512 million ($416 million) to International Petroleum Corp, striking its second deal this month as it pushes ahead with its debt reduction plan. The Calgary, Alberta-based Cenovus said on Monday proceeds from the sale will be used to cut the C$3.6 billion in debt it took on to buy oil sands assets from ConocoPhillips this year. The benchmark Canada share index was flat..
The Australian government on Monday warned that the country's east faced a worse-than-expected natural gas shortfall in 2018, but the competition watchdog said the gap could easily be filled by diverting uncontracted exports to the local market. It is now up to the government to decide by Nov. 1 whether to pull the trigger on its Australian Domestic Gas Security Mechanism, which allows it to curb liquefied natural gas (LNG) exports from the nation's east coast if it determines there will be a shortfall in any year. The supply gap identified by Australian Energy Market Operator of between 54 petajoules and 107 PJs is equivalent to about 4 percent to 9 percent of the natural gas projected to be used by the LNG plants.
Royal Dutch Shell, ConocoPhillips and Santos face curbs on exporting gas from Australia's east coast in 2018 if they fail to plug a projected local supply shortfall, Prime Minister Malcolm Turnbull warned on Monday. Eastern Australia faces a gas shortfall of up to 17 percent of market demand in 2018, the nation's energy market operator and competition watchdog projected in reports submitted to the government on Monday that will be the basis for a decision by Nov. 1 on whether to limit exports.