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Arunima Kumar

UPDATE 2-Pioneer Natural Resources posts smaller-than-expected loss on cost cuts

05 Aug 2020

Aug 4 Pioneer Natural Resources Co on Tuesday posted a quarterly loss that was smaller than estimates, as the U.S shale producer reined in costs to cushion a blow from the coronavirus-induced plunge in oil prices.

Canada's Husky Energy says can ramp up production in third quarter

30 Jul 2020

Canada's Husky Energy Inc said on Thursday it had the capacity to ramp up production in the third quarter as about 30,000 barrels of its crude oil remained curtailed per day in Western Canada and the United States.

UPDATE 2-Canada's Husky Energy says can ramp up production in third quarter

30 Jul 2020

July 30 Canada's Husky Energy Inc said on Thursday it had the capacity to ramp up production in the third quarter as about 30,000 barrels of its crude oil remained curtailed per day in Western Canada and the United States.

Shale drillers squeezed as banks tighten credit after oil crash

01 Jul 2020

Months into one of the worst oil price crashes in history, lenders have tightened the screws on shale producers by wiping away 20% of the credit that has helped fuel the industry's boom.

GRAPHIC-Shale drillers squeezed as banks tighten credit after oil crash

01 Jul 2020

July 1 Months into one of the worst oil price crashes in history, lenders have tightened the screws on shale producers by wiping away 20% of the credit that has helped fuel the industry's boom.

Aurora Cannabis plans more layoffs, facility closures amid industry turmoil

23 Jun 2020

Aurora Cannabis on Tuesday announced a new round of staff reductions and plans to shut five facilities over the next two quarters, as the COVID-19 pandemic pummels the cash-crunched cannabis industry.

UPDATE 3-Pot producer Canopy Growth's loss bigger than expected

30 May 2020

May 29 Canopy Growth Corp, on Friday reported a bigger-than-expected quarterly loss as its recreational cannabis business lost market share due to delayed product launches and the company abandoned a profitability target.

Billionaire Icahn exits Hertz with 'significant' loss after bankruptcy filing

28 May 2020

Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a "significant loss" days after it filed for bankruptcy protection.

Coming U.S. shale results will test extent of oil hedges, output cuts

29 Apr 2020

As low crude oil prices leave U.S. producers struggling to eke out profits, investors will focus on production hedges and cost-cuts to determine winners from losers as first quarter earnings roll out in coming days.

PREVIEW-Coming U.S. shale results will test extent of oil hedges, output cuts

29 Apr 2020

April 28 As low crude oil prices leave U.S. producers struggling to eke out profits, investors will focus on production hedges and cost-cuts to determine winners from losers as first quarter earnings roll out in coming days.

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