Oil mega-mergers loom over Canadian industry

Article Abstract:

Industry analysts said that the $35.8 billion merger between San Francisco, Calif.-based Chevron Corp. and White Plains, NY-based Texaco Inc. will impact Canada's oil and gas industry. The merger will create the fifth-largest company in the world with a market cap of approximately $85 billion.

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Dropping oil prices add fuel to post-election rally

Article Abstract:

Dropping oil price have hit the stock markets after the US presidential election results. Crude in New York tumbled $2.06 to $48.82 a barrel, fuelling a surge in US stock markets, while the standard & Poor's 500 stock index jumped 18.47 points or 1.6 percent to 1,161.67.

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Canadian Hunter sale is "the end of an era"

Article Abstract:

The proposed $3.3 billion sale of Calgary-based Canadian Hunter Exploration Ltd. to Texas-based Burlington Resources Inc. represents an end of an era in Canada's independent gas-exploration industry

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