Special dividends are becoming more common in both the Canadian and global oil sector, Jeff Weniger, the head of equity strategy at WisdomTree Asset Management, said in an interview on BNN Bloomberg Thursday morning. Jeff Weniger, head of equity strategy at WisdomTree Asset Management, joins BNN Bloomberg to talk about the energy sector and discuss Canadian Natural Resources earnings. He says the companies are changing their dividends to accommodate a fluctuating oil prices.
Markets in New York were mixed Thursday morning. As of 10:02 a.m. EDT, the S&P 500 was up 0.06 per cent, while the Dow Jones Industrial Average was 0.11 per cent lower and the Nasdaq was up 0.44 per cent.The benchmark West Texas Intermediate crude price was down 0.67 per cent to US$90.05 per barrel.
Source: Energy Industry News (energyindustrynews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TSX today: Technology and financials drive Bay Street higher - BNN BloombergCanada’s benchmark stock index opened higher Wednesday on gains in technology and financials.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
TSX today: Bay Street opens lower amid broad-based losses - BNN BloombergCanada’s benchmark stock index opened lower Monday as all subgroups were down, except for technology. Happy Tuesday
Source: BNNBloomberg - 🏆 83. / 50 Read more »
The Daily Chase: TSX earnings bonanza; Toronto home sales plummet - BNN BloombergOnce every quarter, Corporate Canada throws a wild assortment of quarterly reports at us. This feels like that day for Q2.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
$40M Quebec mansion hits market as luxury home sales brush off higher rates - BNN BloombergIt’s being hailed as the most expensive property ever listed on real estate platform Centris in Quebec, and it comes in at a cool $39.9 million. If that house was in Vancouver it would be owned by a student who’s declared income wouldn’t cover the lawn maintenance let alone anything else.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
OPEC+ snubs Biden's diplomacy with 'minuscule' oil-output hike - BNN BloombergOPEC+ snubbed months of diplomatic efforts from U.S. President Joe Biden with one of the smallest oil production increases in its history. There is no more spare capacity! They cannot even delivered what was promised long time ago, why we’re even talking about an increase?! It was said multiple times: no spare capacity, do you need hearing aid?
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Point Ellice House operator says site could close without funding increasePoint Ellice House, near Bay Street Bridge, was centre of Victoria’s social scene in 1860s K_elly_B It's so important to properly fund these living museums. Once they're gone, with their stories, their historical footprint (not always positive but still important in the long view), their encapsulation of lives lived, and so much more, we won't get them back. And more's the pity Victoria Mayor Lisa Helps plans write to the province requesting sustainable funding for Point Ellice House. How about using some of the savings freed up when you defunded the police?
Source: timescolonist - 🏆 15. / 75 Read more »