06:00:20 EDT Fri 09 May 2025
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Athabasca Oil Corp
Symbol ATH
Shares Issued 513,745,684
Close 2025-03-11 C$ 4.82
Market Cap C$ 2,476,254,197
Recent Sedar Documents

Globe says MEG, rivals hear levy exemption possible

2025-03-11 08:05 ET - In the News

See In the News (C-MEG) MEG Energy Corp

The Globe and Mail reports in its Tuesday, March 11, edition that the U.S. could lift tariffs on Canadian oil and gas, according to Energy Secretary Chris Wright at a Houston energy conference. The Globe's Jeffrey Jones writes that Mr. Wright mentioned ongoing discussions within the Trump administration and with trading partners about the issue, which has strained U.S.-Canada relations. Mr. Wright noted that while it is too early to confirm, there is potential for agreements to eliminate energy tariffs. Canada is the largest foreign energy supplier to the U.S., exporting over 4.3 million barrels of oil daily. Analysts warn that tariffs could lead to higher prices at the pump for U.S. motorists. Last week, the Trump administration imposed a 25-per-cent tariff on most imports from Canada and a 10-per-cent tariff on energy. However, duties were paused on products covered by the U.S.-Mexico-Canada Agreement until at least April 2. Canadian officials have gathered at CERAWeek to address the President's tariff threats and to discuss agreements with U.S. counterparts to mitigate economic damage. Alberta Premier Danielle Smith emphasized that her province's oil and gas exports are vital for North American energy security.

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