At press time, Brent crude fell 49 cents, or 0.6%, to $81.54 a barrel, while U.S. West Texas Intermediate (WTI) crude was down 77 cents, or 1%, to $78.69 a barrel.
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This Week’s Market Buzz
· Oil prices fell to a two-week low at press time as China rolled out a plan to release state oil reserves, the U.S. weekly crude draw was smaller than expected and U.S. Treasuries rallied as investors sought safer assets. In volatile trade, Brent futures fell $1.15, or 1.6%, to settle at $71.45 a barrel. U.S. West Texas Intermediate (WTI)…
Read MoreVictory Nickel Completes Wash Plant Refurbishment
Victory Nickel Inc. announced that it has completed the previously announced refurbishment of its frac sand wash plant at the Seven Persons plant near Medicine Hat, Alberta, Canada.
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Victory Nickel Inc. announced that it has sold its interest in a partnership created to trade in commodities for Canadian $430,766 less fees and costs of approximately $73,000. “This sale will provide some working capital while the oil and gas price recovers and drilling and the related consumption of frac sand returns,” said Rene Galipeau, CEO. “As mentioned in our…
Read MoreVictory Nickel Adapts to New Market Realities
Victory Nickel Inc. reported financial results for the 12-month period ended Dec. 30, 2015. The company reported a consolidated net loss of $5,112,000, or $0.09 per share, for the year. This compares with a net loss of $2,416,000, or $0.04 per share, during the year ended Dec. 31, 2014.
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The Winona, Minn., city council decided against requiring air-quality monitoring at frac sand facilities in the city, according to the Winona Post. Instead of requiring monitoring equipment, city leaders decided to focus on creating new dust management rules – requirements that loading facilities be enclosed, for example – and on better enforcement of the rules the city already has. Citizen…
Read MoreVictory Nickel Has Down Third Quarter
Victory Nickel Inc. reported financial results for the three- and nine-month periods ended Sept. 30, 2015. Effective Oct. 1, 2014, the company changed its functional currency and presentation currency to the United States dollar from the Canadian dollar.
Read MoreVictory Nickel Suspended Production in Q1
Victory Nickel Inc. reported financial results for the three- and six-month periods ended June 30, 2015. Effective Oct. 1, 2014, the company changed its functional currency and presentation currency to the United States dollar from the Canadian dollar.
Read MoreVictory Nickel Frac Sand Sales Decrease
Victory Nickel Inc. announced that frac sand sales during the first quarter of 2015 have been slower than anticipated. Sales decreased monthly from January to March and, as a result of current market conditions the company has temporarily suspended production at its Seven Persons, Alberta, Canada, frac sand plant (7P). The 7P Plant was just entering its full production stage…
Read MoreVictory Nickel Report Focused on 7P Plant
Victory Nickel Inc. reported financial results for the year ended Dec. 31, 2014. Effective Oct. 1, 2014, the company changed its functional currency and presentation currency to the United States dollar from the Canadian dollar.
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