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Shariq Khan

Refiner Valero posts better-than-expected results, raises renewables bet

22 Oct 2020

U.S. refiner Valero Energy Corp posted better-than-expected third-quarter results on Thursday as fuel demand recovered after a sharp cut earlier in the year due to the COVID-19 pandemic that hurt travel.

Halliburton eyes slimmer shale industry but more profitable future

19 Oct 2020

The U.S. shale industry will continue to shrink, but energy companies will emerge from the COVID-19 pandemic downturn stronger, Halliburton's Chief Executive Jeff Miller told investors on Monday.

Schlumberger posts third straight quarterly loss as oil rout hits services demand

16 Oct 2020

Top oilfield services provider Schlumberger NV on Friday posted its third straight quarterly loss as this year's slump in oil demand and prices due to the COVID-19 pandemic cut demand for its services.

Cannabis companies, betting on a Biden win, ready IPOs

15 Oct 2020

NEW YORK A year ago, Flora Growth Chief Executive Damian Lopez had just spent a chunk of his company's seed capital buying a Colombian cannabis producer, and was fighting his way through the legal and financial hurdles that have made development of the industry such a challenge over the past decade.

Brazil Potash eyes fundraising round after U.S. elections

12 Oct 2020

Oct 8 Canada-based Brazil Potash Corp has filed initial documents with U.S. regulators ahead of a $50 million fund-raising round around November that would value the fertilizer venture at about $520 million, Chief Executive Matt Simpson said on Monday.

Weed stocks surge as Kamala Harris vows to decriminalize pot in debate

09 Oct 2020

U.S.-listed shares of major cannabis producers surged on Thursday after Democratic vice president nominee Kamala Harris said marijuana would be decriminalized at a federal level in the United States under a Biden administration.

Bruce Linton-led Gage Cannabis plans Canadian listing in first quarter

02 Oct 2020

Bruce Linton-led Gage Cannabis Co plans to list on the Canadian stock market in the first quarter of 2021, its president told Reuters, as the U.S.-based dispensary operator looks to capitalize on strong demand for weed during lockdowns.

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