Global telecom tremors shake PMC, but chip maker vows to rise again (PMC-Sierra Inc.)

Article Abstract:

Canada's data communications integrated circuits maker PMC -Sierra is optimistic about its future performance due to expected increase in world's telecommunications and Internet data delivery business. PMC's stock price closed 88% lower.

Semiconductors and related devices, Semiconductor and Related Device Manufacturing, Market information - general, Forecasts, trends, outlooks, Wired Telecommunications Carriers, Telephone communications, exc. radio, Securities prices, Data Transmission Services, Data Communications ICs, Telecommunications industry, PMC-Sierra Inc., Telecommunications transmission technologies, Data communications circuits

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Shell Canada to buy BlackRock in $2.17 billion oil-sands deal

Article Abstract:

Shell Canada Ltd. of Canada is to acquire Black Rock Ltd. also of Canada for 2.4 billion Canadian Dollars ($2.17 billion). Shell Canada Ltd. share price offer is $24 Canadian Dollars for Black Rock Ltd. shares at a 27 percent premium. The acquisition will further the development of oil-sands resources in Western Canada.

Acquisitions & mergers, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum refining, Mergers, acquisitions and divestments, Company acquisition/merger, Petroleum industry, Shell Canada Ltd.

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Oil giants target Alberta's vast heavy-crude source

Article Abstract:

Major international oil companies, such as Royal Dutch/Shell Group and Mobil Corp., continue to invest in the extraction of heavy crude in Alberta, Canada, despite the steady decline of petroleum prices. The investments continue to come in mainly because of the development of new extraction techniques that have made the mining of low-grade crude less expensive. The heavy crude is upgraded into synthetic light crude because the price difference between light and heavy crude has made it more profitable for the companies.

Comment:

Major oil companies, such as Royal Dutch/Shell Group & Mobil continue to invest in the extraction of heavy crude in Alberta

Natural resources, Heavy Crude Petroleum, Petroleum, Article

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