Oil & Gas Archives

2024-11-10 Mattr Advances Growth Strategy with AmerCable Acquisition

Mattr Expands Wire and Cable Business with AmerCable Acquisition

November 10, 2024 Chris Thompson

Mattr (TSX: MATR) has acquired AmerCable Inc. from Nexans S.A. (ENXTPA: NEX) for US$280 million. AmerCable, a U.S.-based producer of engineered wire and cable solutions, complements Mattr’s Shawflex business and expands its U.S. footprint, particularly in medium voltage applications. The acquisition aligns with Mattr’s growth strategy, benefiting from electrification trends and infrastructure expansion. Expected to close by year-end, the deal is projected to deliver immediate earnings accretion, improve revenue stability, and enhance operational capabilities. AmerCable’s facilities in Arkansas and Texas will integrate with Mattr’s Canadian operations, creating one of North America’s leading custom-engineered cable manufacturers. [more]

Canadian/US Energy Sector ETF Comparison

March 5, 2022 Bob Weir

North American stock markets have not fared very well so far in 2022, which perhaps is not surprising given the sterling performance in 2021. In both Canada and the USA, there are more Sector ETFs in negative territory than are positive. One Sector, though, in particular stands out and that is Energy. This report compares and contrasts the performance of the Canadian and the U.S. Energy Sector ETFs. [more]

Chart of the Day – TransAlta Renewables

February 11, 2022 Bob Weir

Shares of companies in the renewable energy space have been under pressure lately as they are expected to be negatively impacted by rising interest rates. We believe that the share price declines have been overdone, and that long-term recovery prospects are attractive. We highlight TransAlta Renewables (TSX: RNW) in this report. [more]

Chart of the Day – Suncor Energy Inc.

January 31, 2022 Bob Weir

The Energy sector and its associated companies and their stocks seem likely to continue to outperform despite increasing economic and market headwinds. [more]

Chart of the Day – Update to the Suncor Energy Chart

October 11, 2021 Bob Weir

This is an update article to the original “Chart of the Day” report on Suncor from September 20, 2021. Suncor’s stock price is up 19% in 3 weeks. [more]

Chart of the Day – Suncor Energy Inc.

September 21, 2021 Bob Weir

The Energy sector has not performed well over the past ten years. One of the laggards in the last few years is Suncor. This can be attributed to its almost singular focus on its oil sands projects. But, Suncor is now seriously evaluating non-fossil fuels opportunities. If Suncor can break above the Chart’s declining down trend-line, this would be very favourable for the stock, with greater expectations for further appreciation. [more]

mCloud Releases Q2/21 Financial Results with Quarterly Revenue Up 44% Year-over-Year

August 20, 2021 Chris Thompson

mCloud Technologies, a leading AI-powered physical asset management solution provider, announced financial results for the second quarter ended June 30, 2021. Revenues increased by 44% compared to Q2/2020 and added 1,019 new connected assets to its managed portfolio. [more]

Easing of Pandemic Restrictions Accelerates mCloud’s Customer Onboarding & International Expansion

August 6, 2021 Chris Thompson

The easing of COVID pandemic restrictions has improved access to customer sites, and the pace of customer onboarding for mCloud is expected to accelerate in the US and Canada. The partnership with URBSOFT should help bring AssetCare™ to the oil & gas, retail, and real estate markets in the Middle East. [more]

Link Global Using Trapped Methane from Inactive Natural Gas Wells to Power Bitcoin Mining

May 19, 2021 Caitlin Cheadle

There are more than 91,000 inactive oil & gas wells in Canada and some are leaking environmentally damaging methane gas into the atmosphere. Link Global is using trapped methane from these inactive natural gas wells to power Bitcoin mining, preventing the potent hydrocarbon from escaping into the environment. [more]

mCloud Builds Executive Team by Hiring Oil Executive Arnel Santos

May 7, 2021 Chris Thompson

Mr. Santos is one of Alberta’s top energy executives leading digital strategy, technology innovation, and ESG affairs both provincially and globally. He will become mCloud’s Executive Vice President and President, Americas, responsible for the Company’s regional business in North America and leading mCloud’s ESG initiatives. [more]