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Topic: Petro Canada


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 Petro Canada: An Investment Perspective
Petro Canada was in a position to purchase a huge amount of shares for their company and gave out more dividend then they received.
Petro Canada also has a large amount of shareholder, which although is good equity wise it reduces the value and profits of the shares.
Petro Canada’s ability to buy common shares and their increase in operating cash flow help them to be considered in good health.
people.uleth.ca /~brock.melnyk/fin3040.htm   (4901 words)

  
 Petro-Canada - Wikipedia, the free encyclopedia
Today Petro-Canada is Canada's 24th largest company with important interests in such projects as Hibernia, Terra Nova, and White Rose; its gas stations remain a presence in most Canadian cities.
Many of the original Petro-Canada stations were British Petroleum Canada (BP Canada), which disappeared from the retail scene in Canada.
Canada's large oil reserves had long been under the control of American corporations who geared most of their production towards the American market, and sent their profits south.
en.wikipedia.org /wiki/Petro-Canada   (743 words)

  
 Canada Country Analysis Brief
Canada enjoys a vigorous electricity trade with the United States, and the electricity networks of the two countries are heavily integrated.
Canada sends over 99% of its crude oil exports to the U.S., and the country is one of the most important sources of U.S. oil imports.
Canada is a signatory to the Kyoto Protocol.
www.eia.doe.gov /emeu/cabs/canada.html   (5137 words)

  
 CBC News Indepth: Petro Canada
Tory Prime Minister Brian Mulroney tells Petro-Canada to operate as a profit-driven company.
In 1969, fresh from Expo '67 and Canada's centennial celebrations, Prime Minister Pierre Trudeau continued to wave the flag of Canadian nationalism.
But throughout the energy crisis of the 1970s, a sense of bitterness grew in Western Canada as Central and Eastern Canada increasingly relied on western oil wealth.
www.cbc.ca /news/background/petrocanada   (699 words)

  
 RIGZONE - Petro-Canada Reviewing Oilsands Strategy
Abstract: Petro-Canada's review of its multibillion-dollar oilsands strategy is the latest setback for Canada's unconventional oil sector, a pattern that holds implications for the U.S. politicians and consumers.
The surge is due largely to Suncor Energy Inc., Syncrude Canada Ltd. (a consortium of eight owners), Shell Canada Ltd., and other firms pouring billions of dollars into developing the oilsands.
Oil shipments to the U.S. from Canada have averaged about 1.5 million barrels a day (mmbbls/d) this year, compared with 1.2 million averaged throughout 1999.
www.rigzone.com /news/article.asp?a_id=6493   (1120 words)

  
 CTV.ca Petro-Canada to shut refinery, cut 350 jobs
Petro-Canada is one of Canada's largest oil and gas companies, with oil production off the East Coast and in the Alberta oilsands, a national network of gasoline stations, natural gas production and a growing presence in the Middle East, Africa and the North Sea.
But Jackman said the "reconfiguration will secure the competitive position'' of Petro-Canada's refinery operations in eastern Canada and "broaden our approach from a strictly refining focus to a more comprehensive supply and logistics perspective where best in class performance is achievable.''
""Petro-Canada told us that they would consult before final decisions are made about the future of the refinery, but they haven't provided us with an opportunity to discuss why this is a very bad business decision that puts Canada`s energy security at risk, said Brian Payne, president of the Communications, Energy and Paperworkers Union.
www.ctv.ca /servlet/ArticleNews/story/CTVNews/1062604671112_58013871?hub=Canada   (793 words)

  
 Petro-Canada Public Participation Act
(1) The articles of Petro-Canada Inc., a corporation incorporated under the Canada Business Corporations Act, are hereby amended to change its name from "Petro-Canada Inc." in English and French to "Petro-Canada" in both languages.
Petro-Canada is hereby authorized to issue and sell or otherwise dispose of shares of Petro-Canada.
The Minister, after consultation with the President of the Treasury Board, shall cause such adjustments to be made in the accounts of Canada as are required as a result of any transaction authorized or required by this Act.
laws.justice.gc.ca /en/P-11.1/93880.html   (2496 words)

  
 Petro-Canada
In the United States, Petro-Canada SuperPass is accepted at more than 340 full-service, 24-hour truck stops, including Ambest, Citgo, Pilot, BP, Borns and Broadway, along with Mobil, BP and Citgo retail service stations.
Also, cardholders can call anytime, from anywhere to anywhere (landline or cellular), in the United States and Canada, for one low long-distance rate.
Member participants will receive a discount of 1.6 cents per liter of gasoline in Canada.
www.etfassociation.org /etf/home.nsf/Public/PetroCanada.htm   (137 words)

  
 Citi MasterCard > News & Press Releases
Petro-Canada is one of Canada's largest oil and gas companies, operating in both the upstream and downstream sectors of the industry in Canada and internationally.
The new no-fee Citi PETRO-POINTS MasterCard card, launched nationally today, is the first and only general purpose credit card in Canada that provides an instant savings of two cents per litre on the purchase of gasoline and diesel fuel, while also offering PETRO-POINTS on all credit card purchases.
TORONTO and MISSISSAUGA, Ont., September 28, 2004- Petro-Canada, Canada's Gas Station, and Citi, the world's largest general purpose and private label credit card issuer, have teamed up to introduce an innovative new credit card that helps Canadians save money on gasoline and diesel fuel and earn valuable PETRO-POINTS rewards.
www.citibank.com /canada/cards/english/news280904.htm   (512 words)

  
 Petro-Canada - Strong Performance in 2004, While Positioning for Continued Growth
Petro-Canada continued consolidation of its Eastern Canada refinery operations in the fourth quarter of 2004, with the successful reversal and expansion of the Trans Northern Pipelines Inc. pipeline and completion of the logistics tie-ins at the Montreal refinery to supply the Ontario market.
On a consolidated basis, Petro- Canada's proved reserves replacement over the last five years was 150%.
In the fourth quarter of 2004, total sales of refined petroleum products were down 4%, compared to the same period last year, largely due to lower wholesale and rack sales in Eastern Canada.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/01-27-2005/0002908040&EDATE=   (6465 words)

  
 Globeinvestor.com: Petro-Canada Profit Soars
Petro-Canada said the government of Canada, which owns 18.1 percent of its shares, would not participate in the bid, so Ottawa's interest could rise to as high as 19.4 percent.
Petro-Canada's lofty earnings follow similarly strong results from rival Imperial Oil Ltd., Canada's top producer, refiner and marketer, which last week reported its quarterly profit doubled.
Syncrude, the world's largest synthetic oil producer, said on Monday that a key processing unit would not be back on line for a month because of damaged suffered in a contained explosion.
www.globeinvestor.com /servlet/WireFeedRedirect?cf=GlobeInvestor/config&date=20001024&archive=roc&slug=2000-10-24T184226Z_01_N24526520_RTRIDST_0_BUSINESS-ENERGY-PETROCANADA-EARNS-COL   (782 words)

  
 Bloomberg.com: Energy
Nov. 28 (Bloomberg) -- Petro-Canada, Canada's fourth-largest oil company, plans to boost capital spending 4 percent next year to C$2.6 billion ($2 billion) to modify two refineries and increase natural-gas and oil-sands output in western Canada.
Shell Canada Ltd. last week said it planned to boost spending by almost a third to C$1.1 billion with C$200 million set for plant improvements.
Requirements for cleaner fuel by 2006 in Canada and the U.S. are prompting refiners to spend billions of dollars to upgrade plants.
quote.bloomberg.com /apps/news?pid=10001099&sid=aSnn4cybSLwo&refer=energy   (494 words)

  
 Offshore - Petro-Canada positive on Atlantic Canada
Despite the many obstacles, he said, Petro-Canada is in for the long haul.
Petro-Canada plans to continue its considerable investment in Atlantic Canada.
Carrick pointed out the serious challenges to developing Atlantic Canada's offshore reserves, noting that heavy oil, natural gas, marginal fields, and deepwater are all formidable considerations.
os.pennnet.com /articles/article_display.cfm?Section=ONART&Category=TOPST&PUBLICATION_ID=9&ARTICLE_ID=199418   (269 words)

  
 Petro Canada case study
Petro-Canada is one of Canada’s largest petroleum retailers, with a network of more than 1,600 retail and wholesale outlets selling gasoline and other products across the country.
In addition, as a responsible petroleum company interested in protecting the environment, Petro-Canada is keenly aware of the issue of global warming.
Today, however, the exceptional energy savings, low maintenance costs and rich, bright colors associated with LED-based neon-replacement border tubing and lettering are proving an attractive alternative for retailers and store owners.
www.tirsys.com /resource-center/case_studies/petro_canada.htm   (1559 words)

  
 CTV.ca Ottawa to sell off Petro-Canada shares
One of only two major integrated oil producers and gasoline marketers in Canada not controlled by foreign companies, Petro-Canada started down the privatization path under Conservative prime minister Brian Mulroney.
A futher $800 million will be invested over the next five years, bringing to at least $1 billion over seven years the commitment to new environmental technologies, he said.
The ball really got rolling in then-finance minister Paul Martin's 1995 federal budget, when he put close to 50 per cent of the company's shares on the auction block.
www.ctv.ca /servlet/ArticleNews/story/CTVNews/1080051911777_32?hub=TopStories   (519 words)

  
 Petro-Canada's Earnings Posted Online - Forbes.com
Petro-Canada, one of Canada's largest oil and gas companies, had scheduled the release of its financial results before stock markets opened Thursday.
Michelle Harries, a spokeswoman for Calgary-based Petro-Canada, said the results released Tuesday were unofficial but confirmed they had mistakenly been released by CNW Group, Canada's biggest news release service.
"It was a mistake on Canada Newswire's part," she said, noting that the results on had since been removed from the site.
www.forbes.com /work/feeds/ap/2005/07/26/ap2159043.html   (542 words)

  
 Comdata Corporation - Newsflash
Comdata's agreement with Petro-Canada expands the Comchek Card acceptance network in Canada, supporting Comdata's strategy of increasing the number of locations in North America available to Comchek card holders.
This agreement will allow U.S.-based Comdata customers traveling in Canada to purchase fuel and oil at Petro-Canada's state-of-the-art, Petro-Pass automated fueling sites, signaling the most recent expansion of the Comchek Card's acceptance outside domestic borders.
is one of Canada's largest oil and gas companies, operating in both the upstream and downstream sectors of the industry.
www.comdata.com /comdata.nsf/9e0659139fbc895786256bcf004dda97/f8fe9439a04f294186256c6b0055fe23?OpenDocument   (415 words)

  
 TransCanada and Petro-Canada to jointly pursue LNG facility in Gros Cacouna, Quebec - The Bas-Saint-Laurent, Bas-St-Laurent, Quebec
Petro-Canada is one of Canada´s largest oil and gas companies, operating in both the upstream and downstream sectors of the industry in Canada and internationally.
Petro-Canada´s upstream production is approximately 450,000 barrels of oil equivalent per day of which about 28 per cent is natural gas production from Canada, the United States and Trinidad that is marketed in North America.
TransCanada is a leading North American energy company focused on natural gas transmission and power services with employees who are expert in these businesses.
www.bas-saint-laurent.org /texte.asp?id=438   (761 words)

  
 Petro Canada Var Stock Price (PCZ), Stock Quotes, Charts, Trades & Market News.
Registering as a user of ADVFN gives you access to the latest Petro Canada Var company information and fundamental data for other US Equity companies.
Registering as a user of ADVFN gives you access to live free streaming Petro Canada Var Stock prices.
Register as a user of ADVFN for FREE live streaming interactive stock charts.
www.advfn.com /quote_petro-canada-va_nyse_pcz.html   (267 words)

  
 The Canadian Encyclopedia
The Canadian Encyclopedia © 2006 Historica Foundation of Canada
We're sorry, but the requested page could not be found.
thecanadianencyclopedia.com /index.cfm?PgNm=TCE&Params=A1ARTA0006250   (19 words)

  
 Petro-Canada Goes Parallel
The sheer volume of data to be stored is what led Petro-Canada, which has $3.5 billion in annual revenue, to seek a parallel platform that could provide the company with a single database view.
No single database running on a uniprocessor or symmetric multiprocessing system would be large enough for the suite of SAP applications, says Anu Gupta, a member of the IBM Canada Ltd.
www.informationweek.com /574/74iupet.htm   (742 words)

  
 CNW Group
In a poll done by Ipsos-Reid for the Communications, Energy and Paperworkers Union of Canada and the Council of Canadians, 75% of British Columbians said the Canadian government should keep its share of Petro-Canada in order to maintain Canadian influence and to ensure our energy security for the future.
About one third of CEP members work in Canada's energy sector, almost 2,000 of them for Petro-Canada at various locations across the country including Port Moody.
The poll was done following the Martin government's announcement in the budget that it will sell its part of Petro-Canada.
www.newswire.ca /en/releases/archive/April2004/15/c1362.html   (339 words)

  
 Premier welcomes Petro Canada announcments
This transaction means that Norsk Hydro will effectively "step into the shoes" of Petro-Canada with respect to its acquired interests in the various projects.
In Canada, Norsk Hydro has interests in magnesium smelting, auto parts manufacturing and fertilizer production.
www.releases.gov.nl.ca /releases/1996/exec/1219n01.htm   (1349 words)

  
 Gazprom and Petro-Canada to Build LNG Plant Near St. Petersburg - COMPANY NEWS - MOSNEWS.COM
and Canada’s Petro-Canada are planning to complete construction of a liquefied natural gas plant near St. Petersburg in 2007, the Interfax agency reported, quoting the Leningrad region’s deputy governor Grigory Dvas.
He said construction of the section of the North European Gas Pipeline that passes through the region began about two months ago.
www.mosnews.com /money/2005/09/28/lngplant.shtml   (551 words)

  
 Bloomberg.com: Canada
Drilling has been suspended and a regulatory review will examine both accidents, the Canada- Newfoundland Offshore Petroleum Board said in a statement.
Imperial Oil Ltd., 70 percent owned by Irving, Texas-based Exxon Mobil, is Canada's largest oil company by 2003 sales.
December Jobless Rate in Canada Unexpectedly Rises on Fewer Part-Time Jobs
www.bloomberg.com /apps/news?pid=10000082&sid=awIiMOLeDkVk&refer=canada   (311 words)

  
 Certigard Testimonial - On Air
Petro Canada is a major Canadian integrated oil and gas company relying on the rock-solid performance of its petroleum assets.
The company operates primarily in Western Canada but also in Newfoundland, Algeria, and Libya.
Downstream operations include refineries in Alberta, Ontario, and Quebec and almost 2,000 gas stations across Canada.
www.onair.ca /2005/Certigard_Testimonial   (182 words)

  
 RIGZONE - Petro-Canada
Wednesday, September 29, 2004- Petro-Canada announced the completion of the public offering by the Government of Canada of its remaining 19 per cent stake in the Company.
Tuesday, June 14, 2005 - FMC Technologies has signed a subsea systems frame agreement with Petro-Canada for offshore developments off the East Coast of Canada.
Wednesday, June 09, 2004- Petro-Canada has entered into an agreement to acquire all of the outstanding shares of Prima Energy Corporation of Denver, Colorado, for a cash price of US$39.50 per share.
www.rigzone.com /news/company.asp?comp_id=379   (703 words)

  
 Resource Investor - Energy - Petro-Canada Predicts Production Growth Next Year
Petro-Canada will spend C$1 billion to replace reserves in core areas, C$395 million to enhance existing assets and to improve profitability in the base business and C$265 million to comply with new regulations.
In the northern Alberta oilsands, Petro-Canada expects spending to drop about C$145 million as its share of the Syncrude spending tapers off.
But the company also warned that cost pressures continue to increase at about 10% to 15% per year, especially in western Canada, where prices are rising rapidly for everything from engineering to steel.
www.resourceinvestor.com /pebble.asp?relid=15458   (698 words)

  
 Petro-Canada hawks magnetic bracelets
This is an official complaint to Health Canada, the Competition Bureau, and the ASC in regards to the Petro-Canada flyer that came with my recent Petro-Canada bill.
If PETRO-CANADA or its investor relations department would issue a public apology to holders of Petro-Canada credit cards in the next mailing for the promotion of a fraudulent product, we will remove all references to these magnetic bracelets from our site.
The complaint is based on fraudulent advertising of magnetic bracelets.
www.healthwatcher.net /Quackerywatch/Magnetic-therapy/petrocan-bracelet.html   (497 words)

  
 Jacobs Engineering Group Inc. Investor Relations
PASADENA, Calif.--(BUSINESS WIRE)--Jan. 18, 2005--Jacobs Engineering Group Inc. (NYSE:JEC) announced today that a subsidiary company received a major environmental project as part of the Refinery Conversion Project at Petro-Canada's refinery near Edmonton, Alberta, Canada.
However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed.
This will enable the existing refinery to process bitumen and bitumen-derived crude in place of the currently processed conventional crude slate.
www.corporate-ir.net /ireye/ir_site.zhtml?ticker=jec&script=410&layout=-6&item_id=663491   (310 words)

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