Canadian Utilities Ltd
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Based in Canada
Company profile

Canadian Utilities Ltd is a Canada-based company that offers services in the areas of electricity, pipelines & liquids and retail energy. The Company’s segments include Electricity, Pipelines & Liquids and Corporate & Other. The Electricity segment includes ATCO Electric, ATCO Power, Alberta PowerLine and ATCO Power Australia. Together these businesses provide electricity generation, transmission, distribution and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, Australia and Mexico. The Pipelines & Liquids segment includes ATCO Gas, ATCO Pipelines, ATCO Gas Australia, and ATCO Energy Solutions. These businesses provide integrated natural gas transmission, distribution and storage, industrial water solutions and related infrastructure development throughout Alberta, the Lloydminster area of Saskatchewan, Western Australia and Mexico. Corporate & Other segment includes ATCO Energy, a retail electricity and natural gas business in Alberta.

This security is a preferred stock
Closing Price
$18.87
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
18.87
Day's Low
18.87
Volume
600

Hess, Occidental Petroleum were bankrupt Diamond Offshore's biggest customers in 2019

8:42 am ET April 27, 2020 (MarketWatch)
Print

Shares of Hess Corp. (HES) slumped 5.7% and Occidental Petroleum Corp. (OXY) dropped 3.6% in premarket trading Monday, as crude oil prices took another dive and oil driller Diamond Offshore Drilling Inc. (DO)declared bankruptcy (http://www.marketwatch.com/story/diamond-offshore-files-for-bankruptcy-stock-plunges-2020-04-27). Continuous crude oil futures tumbled 22.6% in early trading amid continued demand and supply concerns, putting them on course to snap a three-day win streak (http://www.marketwatch.com/story/us-oil-futures-attempt-to-post-third-straight-gain-but-are-staring-down-30-weekly-tumble-2020-04-24) in which they soared 31%. Meanwhile, Diamond had disclosed that Hess was its biggest customer in 2019, accounting for 28.9% of its annual revenue, while Occidental was its second-biggest customer at 20.6%. Among it's other biggest customers, the U.S.-listed shares of Petroleo Brasileiro S.A. (PETR4.BR) rose 3.4% and BP PLC (BP.LN) gained 0.4%. Diamond Offshore said it had sufficient capital to fund operations during its bankruptcy reorganization. Diamond's stock plummeted 61% before being halted for news. Futures for the S&P 500 rose 1.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 27, 2020 08:42 ET (12:42 GMT)

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