+ Berens Energy insider trading charges were dismissed
+ current energy prices - live link to Bloomberg.com commodities data; markets uncertain due to ongoing Eurozone malaise, downgraded GOM hurricane risk, speculation U.S. will release reserves . . .
+ economists eyes and financial writers ears will be focused this week on FED Chairman Bernanke hosted Federal Open Market Committee meeting in Jackson Hole, WY will set tone for monetary policy, money supply and reserve requirements- no doubt dealing with U.S. domestic markets, Eurozone uncertainty, LIBOR scandal etc. – with large asset purchases being one of the few tools the FED has left … while investors, business and government wrestle with planning in an uncertain international marketplace while consumer caution, high unemployment and housing oversupply continues to plague U.S. economy
+ Glencore International Plc’s takeover of Viterra Inc. delayed; regulatory approval from China holding up the deal
+ U.S. gulf producers evacuating platforms and shut in production in preparation for hurricane Isaac
NEWS REVIEW August 22 - 27
+ Alberta Government approved a Lower Athabasca Regional Plan– reshaping environmental rules, curtailing oilsands development in some areas, increasing protected areas, and wildlife habitat – full plan , Order In Council ; up to 19 oilsands leases could be cancelled
+ Advantage Oil & Gas Ltd. engaged advisors to aid with non-core asset disposition
+ CNOOC Ltd. cut its dividend in order to help fund its acquisition of Nexen Inc.
+ multiple investigations of JPMorgan Chase & Co. continue to hobble operations and role of CEO Jamie Dimon while investigations of Barclays PLC and others continue to dog British and American financial markets
+ Ontario Teachers’s Pension Plan closed is $1.32 billion sale of Maple Leaf Sports and Entertainment to Bell and Rogers Communications
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- this site is maintained and updated weekly - last updated May 30, 2023
