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Canadian gas gains after drilling cutbacks

Bloomberg Canadian natural gas is trading at the highest price relative to US benchmarks in about 10 months after producers cut back on drilling and a rule change on a key Alberta pipeline system last year helped better manage flows of the fuel. The discount on gas traded at Alberta’s AECO hub versus the Henry Hub in the US shrank ...

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Brookfield seeks TerraForm buyout at $3.9bn value

Bloomberg Brookfield Renewable Partners LP, looking to bolster its status as one of the world’s largest clean-energy providers, is bidding to buy the shares of TerraForm Power Inc it doesn’t already own in a deal valuing the company at $3.9 billion. The proposal values TerraForm Power at $17.31 a share, representing an 11% premium to the closing share price on ...

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Porsche defies car industry malaise with record sales

Bloomberg Porsche AG shrugged off widespread industry malaise, reporting record deliveries for last year and predicting that its first all-electric model Taycan will foster further growth in 2020. Global deliveries rose 10% to 280,800 cars in 2019, driven mainly by strong consumer appetite for the Macan and Cayenne sport utility vehicles, Porsche said on Monday in a statement. “We’re optimistic ...

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