Alberta gas producers edge toward profits amid higher prices
Alberta gas producers including Medicine Hat officials anticipate mid term profitability after years of shutdowns and low prices. Analysts say North American gas above $5 per gigajoule in November and growing cash flow at Pine Cliff Energy signal a shift, with many juniors seeking to reset footing in 2022.
MENTIONED IN THIS ARTICLE
Alberta
Medicine Hat
Brad Maynes
North America
Europe
Phil Hodge
Pine Cliff Energy
Hodge
Pine Cliff
Cypress County
Bitter cold snarls southern Alberta tow services
Bitter wind chills below minus 50 C in Medicine Hat trigger a rush of tow-truck calls as icy roads and flat tires sweep the region. Willie's Towing reports crews stretched thin though conditions ease by afternoon. Temperatures a decade record for the area, with a forecast gradual warm-up over the weekend and a 70 degree high on New Year’s Day.
MENTIONED IN THIS ARTICLE
Medicine Hat
Alberta
Willie Langille
Willie
Langille
Environment Canada
Maple Creek
Cypress Hill Provincial Park
Saskatchewan
Havre
Mont
Alberta warns shoppers to conserve as power demand soars
The Alberta Electrical System Operator issued a statement urging customers to conserve electricity due to heavy use across the province on Monday. Demand pushed prices to $1,000 per megawatt from 5 p.m. and peaked at 11,500 megawatts at 6 p.m., about 2 percent below the winter record. The alert expired at 1 a.m. with prices remaining high overnight and into Tuesday.
MENTIONED IN THIS ARTICLE
Alberta
Alberta Electrical System
Kenney urges Alberta limits on New Year gatherings
Alberta premier Jason Kenney urged residents to reconsider New Year plans and avoid loopholes. He urged small gatherings and no more than nine other adults as officials reported over 8,000 COVID-19 cases in five days. Dr Deena Hinshaw warned case numbers may be higher due to holidays and testing limits.
MENTIONED IN THIS ARTICLE
Alberta
Jason Kenney
Kenney
Deena Hinshaw
Hinshaw
Omicron
Delta
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