This is a U.S. news story, published by calgaryherald, that relates primarily to Mike Rose news.
For more U.S. news, you can click here:
more U.S. newsFor more Mike Rose news, you can click here:
more Mike Rose newsFor more energy & natural resources news, you can click here:
more energy & natural resources newsFor more news from calgaryherald, you can click here:
more news from calgaryheraldOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like energy & natural resources news, you might also like this article about
Crude prices. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest weaker commodity prices news, commodity prices news, energy & natural resources news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Canadian oilcalgaryherald
•Business
Business & Economics
74% Informative
Benchmark West Texas Intermediate crude prices fell $ 1.12 to close at $ 59.58 a barrel on Tuesday .
Canadian oil and gas executives, investors and analysts believe the sector is battle-tested and better positioned to withstand a storm than the U.S. industry south of the border.
Analysts say the Canadian oilsands have a “low break-even advantage” below $ 50 a barrel.
It's too early (to say) if it’s going to have any kind of lasting effect,” Tourmaline Oil CEO Mike Rose said.
The sector is expected to direct $39.5 billion to capital expenditures this year and potentially increase output by 2.2 per cent .
If oil prices remain around current levels, it would affect oilpatch capital spending over time.
VR Score
81
Informative language
80
Neutral language
75
Article tone
semi-formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5
