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New Alberta leader says industry should upgrade more oil in province

TORONTO, May 10- Energy companies operating in Alberta should aim to upgrade more of the oil they produce within the province, Alberta's newly elected premier said in an television interview. Alberta Premier Rachel Notley led the left-leaning New Democrats to a sweeping victory on Tuesday on promises that included energy industry reforms.
Source: Reuters
UPDATE 1-Left turn in Canada's oil-rich Alberta stuns energy industry

CALGARY, Alberta, May 6- Canadian oil and gas shares tumbled and the country's main stock index hit a one-month low on Wednesday after the left-wing New Democratic Party surged to power in the oil-rich province of Alberta on promises that included energy industry reforms. The NDP is expected to be less accommodative of the energy industry and its Alberta oil...
Source: Reuters | By: Scott Haggett and Nia Williams
Left turn in Canada's oil-rich Alberta leaves investors reeling

CALGARY, Alberta, May 6- A seismic political shift in Canada's oil-producing heartland of Alberta has left voters, investors and oil executives braced for change as a rookie left-wing government promises major reforms after 44 years of Conservative rule. "The vast majority of energy executives and professionals we spoke with downplayed the polls, projecting...
Source: Reuters | By: Scott Haggett and Nia Williams
UPDATE 3-TransCanada profit lifted by U.S. pipeline operations

May 1- TransCanada Corp, Canada's second largest pipeline operator, reported a 10 percent rise in comparable earnings, helped by the positive impact of a stronger U.S. dollar on its U.S. pipeline operations and profits at its power businesses. TransCanada, the company behind the C $8 billion Keystone XL and C $12 billion Energy East pipelines, also said demand for...
Source: Reuters | By: Julie Gordon
UPDATE 2-TransCanada profit lifted by U.S. dollar strength, power business

May 1- TransCanada Corp, Canada's No.2 pipeline company by market value, reported a 10 percent rise in comparable earnings on Friday, helped by a stronger U.S. dollar and profits at its Eastern Canadian and U.S. power businesses. Earnings at TransCanada's Eastern Canadian power business increased nearly 41 percent in the quarter, while the U.S. Power business...
Source: Reuters
UPDATE 1-TransCanada's profit gets boost from Keystone pipeline earnings

May 1- TransCanada Corp, Canada's No.2 pipeline company by market value, reported a 10 percent rise in comparable earnings, helped by higher profit as its Keystone System, Eastern Canadian Power and U.S. Power businesses. TransCanada has waited more than six years for the United States to approve the controversial Keystone XL pipeline, which will carry crude...
Source: Reuters
Pipeline operator TransCanada's net profit falls on derivatives

May 1- TransCanada Corp, Canada's second-largest pipeline company, reported a 6.1 percent fall in quarterly net profit, hurt by derivative losses. Net income attributable to shareholders fell to C $387 million, or 55 Canadian cents per share, in the first quarter ended March 31, from C $412 million, or 58 cents per share, a year earlier. Comparable earnings rose about...
Source: Reuters
Stocks entering May with low expectations

Stocks typically score gains about half the time in the month of May. That compares to positive returns 75 percent of the time in April.
Source: CNBC.com | By: Patti Domm
Stocks entering May with low expectations

Stocks typically score gains about half the time in the month of May. That compares to positive returns 75 percent of the time in April.
Source: CNBC.com | By: Patti Domm
Nasdaq plunges 1.5%; Dow slides triple digits, clings to gains for 2015

U.S. stocks closed down more than 1 percent on the last day of trade for April as investors weighed mixed data and continued weakness in the dollar.
Source: CNBC.com | By: Evelyn Cheng