Latest news with #MikeRose
Calgary Herald
05-08-2025
- Business
- Calgary Herald
Natural gas prices have collapsed in Western Canada, but producers are ramping up spending
Article content Two of the country's largest natural gas producers announced new or accelerated growth plans this week — betting better days are head for the sector despite Western Canadian gas prices that are currently 'well below' the cost of supplying the fuel to markets. Article content Tourmaline Oil Corp., Canada's largest natural gas producer, announced plans this week to grow production 30 per cent by 2031 — echoing predictions from TC Energy Corp. and others that demand for natural gas across North America will accelerate in the next decade. Still, natural gas prices in Western Canada are currently hovering near 40-year lows. Article content Article content Article content 'We will be a materially larger, more profitable company right about the time that we expect the continent to be getting short on resource,' Tourmaline chief executive Mike Rose said Wednesday, outlining plans for an initial $350 million spend in northeastern British Columbia's Montney shale gas region. Article content 'We can slow down if prices aren't cooperating, or we can accelerate if prices are ahead of what we're expecting,' Rose said, adding, 'That doesn't seem to happen very often.' Article content The company also announced a new eight-year supply deal with German energy firm Uniper SE on Wednesday that will provide 80,000 million British thermal units per day (MMBtu/d) of natural gas to export terminals on the U.S. Gulf Coast beginning in November 2028. Article content Article content Tourmaline said it aims to increase production to to 850,000 barrels of oil equivalent per day (boe/d) by 2031, up from roughly around 629,265 boe/d in the first half of this year, with new gas plants and transportation infrastructure. Article content Article content Rival gas producer ARC Resources Ltd. said it is raising its capital spend for the year, closing an acquisition from Strathcona Resources Ltd. and accelerating growth plans for its Attachie project in northeastern B.C. Article content Article content Despite its optimistic outlook for growth, the company said it has elected to shut-in all of its dry gas production for the moment, amounting to approximately 60,000 boe/d, until prices recover. Article content 'We just refuse to waste the resource when we don't have to wait that long to make a better rate of return on those assets,' Bibby said, noting the company expects prices in Western Canada will improve later this year and through 2026 as LNG Canada continues to ramp up to full capacity at its shipping terminal on the B.C. coast.
Yahoo
02-08-2025
- Business
- Yahoo
Natural gas prices have collapsed in Western Canada, but producers are ramping up spending
Two of the country's largest natural gas producers announced new or accelerated growth plans this week — betting better days are head for the sector despite Western Canadian gas prices that are currently 'well below' the cost of supplying the fuel to markets. Tourmaline Oil Corp., Canada's largest natural gas producer, announced plans this week to grow production 30 per cent by 2031 — echoing predictions from TC Energy Corp. and others that demand for natural gas across North America will accelerate in the next decade. Still, natural gas prices in Western Canada are currently hovering near 40-year lows. 'We will be a materially larger, more profitable company right about the time that we expect the continent to be getting short on resource,' Tourmaline chief executive Mike Rose said Wednesday, outlining plans for an initial $350 million spend in northeastern British Columbia's Montney shale gas region. 'We can slow down if prices aren't cooperating, or we can accelerate if prices are ahead of what we're expecting,' Rose said, adding, 'That doesn't seem to happen very often.' The company also announced a new eight-year supply deal with German energy firm Uniper SE on Wednesday that will provide 80,000 million British thermal units per day (MMBtu/d) of natural gas to export terminals on the U.S. Gulf Coast beginning in November 2028. Tourmaline said it aims to increase production to to 850,000 barrels of oil equivalent per day (boe/d) by 2031, up from roughly around 629,265 boe/d in the first half of this year, with new gas plants and transportation infrastructure. Rival gas producer ARC Resources Ltd. said it is raising its capital spend for the year, closing an acquisition from Strathcona Resources Ltd. and accelerating growth plans for its Attachie project in northeastern B.C. Despite its optimistic outlook for growth, the company said it has elected to shut-in all of its dry gas production for the moment, amounting to approximately 60,000 boe/d, until prices recover. Rock bottom prices Prices are currently 'well below' the cost of extracting, processing and transporting gas to market, ARC chief financial officer Kris Bibby said on an earnings call Friday. 'We just refuse to waste the resource when we don't have to wait that long to make a better rate of return on those assets,' Bibby said, noting the company expects prices in Western Canada will improve later this year and through 2026 as LNG Canada continues to ramp up to full capacity at its shipping terminal on the B.C. coast. A perennial mismatch of supply and pipeline takeaway capacity from the Western Canada Sedimentary Basin (WCSB) is worse than usual, industry says. Maintenance on different portions of TC Energy's critical NGTL pipeline network this summer has congested gas flows, creating a supply glut in the region that has cratered prices. The cash price for the Alberta benchmark, known as AECO, averaged just $0.76 per gigajoule (GJ) or $0.55 per million British thermal units (MMBtu) in July, according to data from RBN Energy. That's the fourth lowest monthly average price since 1985 when Ottawa first deregulated natural gas prices. mpotkins@ Despite pipeline hopes, Enbridge, TC Energy see strong demand in U.S., hurdles in Canada Canada's first large-scale shipment of LNG delivered to port in South Korea Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
18-07-2025
- Business
- Hamilton Spectator
Unions dominated Alberta political donations in past decade
Between 2015 and 2024, Albertans, corporations and unions made 97,275 donations totalling $90.9 million to provincial political parties, candidates and third-party advertisers. Here's a breakdown of the biggest spenders and beneficiaries. Edmonton and Calgary led the province in donations, contributing 37 per cent and 30 per cent of the total dollar amount, respectively. Though corporations and unions were prohibited from making contributions directly to parties or candidates midway through 2015, they still outspent most individual donors through their funding of third-party advertisers and accounted for 18 of the top 20 largest donors of the last decade. For the top five donors, nearly all of the funds were transferred from unions and professional associations to their own registered political entities. The single largest donor of the last decade was the Health Sciences Association of Alberta (HSAA), which gave over $6 million. The majority of the HSAA's cash, 92 per cent, was gifted from the union to its registered third-party advertiser. All of the Alberta Medical Association's (AMA) $1.8 million in donations went to the AMA third-party. Top 10 political donors in Alberta overall Milner, a prominent figure in Alberta's energy sector, died in 2021 , but still holds the top spot for individual donors in the last decade, giving more than twice that of the second highest contributor, Tourmaline Oil Corp. CEO Mike Rose . The top 10 individual donors were split evenly between Edmonton and Calgary. Edmonton AAFund - $63,808; Alberta Advantage Fund - $75,000; Progressive Conservative Association of Alberta - $34,000; Shaping Alberta's Future - $25,000; United Conservative Party - $8,600; Edmonton-Calder PC Association - $1,000. Alberta NDP Alberta NDP Alberta NDP Alberta NDP Calgary AAFund - $50,000; Alberta Advantage Fund - $50,000 Alberta Liberal Party Alberta Liberal Party Wildrose Party - $45,200; Pro-Life Alberta Political Association - $850; UCP - $1,000 Alberta Advantage Fund - $30,000; UCP - $12,243 Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
CTV News
10-07-2025
- Sport
- CTV News
‘Here to prove the Riders right': Mike Rose unbothered heading into matchup against former team
Mike Rose will face his former team for the first time Friday night when Saskatchewan hosts the Calgary Stampeders. (Source: Saskatchewan Roughriders) When the Saskatchewan Roughriders take on the Calgary Stampeders Friday night, it will be the first time defensive lineman Mike Rose has been on the Saskatchewan side of the West Division rivalry. Rose spent his first eight seasons in the Canadian Football League (CFL) with the Stampeders, signing as a college free agent in 2017. He went on the earn three All-CFL selections and won a Grey Cup with Calgary in 2018 but was released by the Stampeders this January before joining the Riders. 'I'm here to bring a championship to Regina,' Rose said when asked about playing his former club for the first time. 'I want to prove [Jeremy O'Day] and the Roughriders right.' Rose has been a dominant force in the middle of the defensive line throughout his career. The South Carolina product played 86 regular season games for Calgary. Over that time, he registered 143 defensive tackles, five special teams tackles, 36 sacks, two interceptions, including one he returned for a touchdown, and three forced fumbles. Rose played and started in all 18 regular season games in 2024 tallying 19 defensive tackles, three tackles for loss, a team-leading six quarterback sacks. 'I have to be Mike Rose, that's it,' the lineman told reporters about facing a team which may know him well. 'It's worked before, it's going to work again and keep working.' Trevor Harris, Mike Rose Saskatchewan Roughriders quarterback Trevor Harris, left, drops the ball as Calgary Stampeders defensive linemen Mike Rose sacks him during first half CFL football action in Calgary, Alta., Saturday, June 24, 2023. THE CANADIAN PRESS/Jeff McIntosh (Jeff McIntosh/The Canadian Press) Teammates again Another member of Calgary's 2018 Grey Cup winning team is fellow Rider Micah Johnson. Johnson admitted he made a push for Saskatchewan to sign Rose when he hit the market. 'I hit [Corey] Mace up in minutes,' Johnson said Wednesday. 'Everybody got on the same call really quick. We were going to make that happen in minutes.' Johnson was already in his fifth season in the CFL when Rose joined Calgary as a rookie. The two linemen spent two seasons as teammates before Johnson ended up in Saskatchewan. The veteran pass rusher said he noticed star qualities in Rose right away. 'When somebody comes out with some attributes, they stick out real fast,' Johnson said. 'He could be one of those guys in the future. I took [Mike] under my wing and we hung out all the time off the field. I was always just giving him feedback, teaching as much as I could.' 'Even in 2019, when I came here to Saskatchewan our relationship never slowed down,' he added. Rose said it was easy to learn from Johnson. '[Micah's] a hall of famer,' Rose said. 'It's easy to pick up stuff out of his game and use it in my own. It transitions really well.' Rose has fit right in the Riders' defensive line, which is one of the top pas rushes in the CFL so far this season. While familiar with his former team, he says Calgary's current make-up is quite different than when he was there. 'I don't know anybody on that team,' Rose said. 'That's a brand new football team.' Mike Rose Saskatchewan Roughriders quarterback Jack Coan (14) throws as Calgary Stampeders defensive lineman Mike Rose (41) defends during the first half of CFL football action in Regina, on Saturday, October 26, 2024. THE CANADIAN PRESS/Heywood Yu (Heywood Yu/The Canadian Press) 'Intrinsically, he knows the offensive line over there,' head coach Corey Mace said. 'He knows those guys pretty dang good and he can provide some information for the defensive line room as far as some of their strengths and weaknesses.' 'But no, we haven't talked about it. He's just ready to go play a game,' the coach added. Saskatchewan hosts Calgary at Mosaic Stadium Friday night. Kickoff is slated for 7 p.m.
National Post
08-07-2025
- Sport
- National Post
Rider Rumblings Ep 168: Roughriders set to battle Stampeders
The Saskatchewan Roughriders are back from their first bye week of the season. Article content After a 4-0 start, the Green and White are set to return to the field on Friday night at 7 p.m. when the Calgary Stampeders visit Mosaic Stadium. Article content Article content In Episode 168 of the Rider Rumblings podcast, Leader-Post sports editor Taylor Shire and columnist Darrell Davis preview the matchup, which is for top spot in the West Division. The duo also talks about Trevor Harris' return to the lineup and how much Mike Rose will be motivated against his former team. Article content
