Cenovus Energy Inc. - which led the campaign for government intervention - jumped 10 per cent in early trading to $10.78, while Canadian Natural Resources Ltd., which also supported the production cuts, was up 9.5 per cent to $36.58.
Announcing the measure on Sunday, Premier of Alberta Rachel Notley said that the province is "facing a hard challenge", but the move is aimed to reverse an unprecedented price gap that has seen the province's crude sell for significantly less than the global price.
"But right now, they're being sold for pennies on the dollar". That figure is expected to shrink as the glut of oil in storage is addressed.
The rally seems to have only affected upstream producers.
"We have set out a 10,000 barrel [a day] exemption for all producers. But we think this is a good way to allow for that flexibility that's needed and that exists within the industry to accommodate these changes", she said.
"In the last few weeks, this price gap has reached historic highs", Notley said Sunday in a speech timed to run live on supper-hour newscasts in Alberta.
He said he commends the premier for following through on a suggestion he had brought forward, adding he doesn't believe government action will result in the loss of jobs.
Alberta produces 3.7 million barrels a day, but that's 190,000 barrels more than can be shipped. The province estimates 25 producers will have to impose cuts.
But he said Notley's government has played a role in creating the problem by not pushing back as the federal government cancelled the Northern Gateway pipeline to B.C. and introduced legislation that industry leaders say will make it more hard to get oil megaprojects approved.
"What we now have is a serious glut in oil, which can't be resolved until OPEC gets together on Thursday and decides to cut back along with Russian Federation and a few other producing nations".
"These are not ordinary circumstances", reads the statement from the company's president and CEO Alex Pourbaix.
Imperial Oil CEO Rich Kruger said the government intervention could do long-term damage to the market, but that his company would comply with the order. She earlier stressed that now Alberta's resources are given away "for next to nothing", referring to the province's crude selling for around $15 a barrel. "The measures Premier Notley announced [Sunday] will help balance the market in the short term until new rail and pipeline capacity comes on stream late next year and into 2020".
But Marquise's mom, Shaniqua Tompkins , was not about to allow Fifty to taunt and torture their son publicly again. Nice to see he had time to promote the Starz show while spilling the tea on his family affairs.
His casket will be transported by motorcade on Thursday to the National Cathedral, where a state funeral will be held at 5am NZT. Since the dog began living with Bush, an official Sully Instagram account has shared candid photographs of the two together.
It looked at that stage as though Guardiola had begun to phase the Argentina striker out of his City team. But the leaders restored order in the 57th minute as Sterling continued his mastery of Eddie Howe's team.
For this particular staging of the high-flying production, the roller coaster and ferris wheel weren't the only attractions. Lee then made note that he never claimed to be the first to drum upside down, and no ill-will against Barker himself.
More than a year later, Daesh released a video showing a masked man standing over what looked like Kassig's severed head. Army Ranger, was killed Sunday in a drone strike over Syria , according to the U.S. -led coalition.
One newsmagazine suggested he was a "wimp", but his work-hard, play-hard approach to the presidency won broad public approval. They would be together for more than 70 years, becoming the longest-married presidential couple in U.S. history.
The former president will lie in state until Wednesday morning, giving the public an opportunity to pay their respects. The casket will be loaded onto a plane during a departure ceremony scheduled to start at 10:30 a.m.
Canada's prime minister, Justin Trudeau, tweeted a $50m pledge for education for girls and women around the world. Mandela 100 festival is taking place at the FNB Stadium in Johannesburg on Sunday.
Kerr laments 'one of my worst' efforts as coach
He ended much hotter than he started, which should help him get off to a quicker start on Monday against the Atlanta Hawks . After shooting 38.1 percent from the line in his first five seasons, Drummond improved to 60.5 percent last season.
Trump wants 'full and complete' sentence for Cohen
He went on to accuse Cohen of lying about his past work to get himself and his family off "Scott free". A promise: Trump took note of Stone's weekend vow that he will never testify against the president.
Rashan Gary Will Not Play in Chick-fil-A Peach Bowl
UF now will face the nations' top-ranked defense, despite a stunning collapse during the regular season's final game. MT on December 21 on the blue turf at Boise State's Albertsons Stadium, the bowl game announced Sunday afternoon.
Apple's AirPods May See a New Design in 2020
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Michelle Obama's Memoir: 2018's Best-Selling Hardcover
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First Look of newlyweds Priyanka and Nick from Jodhpur Airport
Nick Jonas and Priyanka Chopra are sharing glimpses into their lives as newly-weds, starting with their epic wedding celebration. The GoT star is accompanied by her fiancé Joe Jonas as they follow Priyanka and Nick to the airport and then to the capital.
Bush's service dog lies next to former president's casket
Social media users thanked Sully for his services and commented on his and dogs' loyalty generally towards their owners. Bush Presidential Library next to his wife, Barbara. "Funeral arrangements will be announced as soon as is practical".
'It's the real me': Nigerian president denies he's a clone
The president of Nigeria was forced last night to declare that he had not died and been replaced by a Sudanese imposter. Another rumor suggests that the top seat is now occupied by an impostor, namely an imaginative Jibril Aminu of Sudan.
Over 50 whales dead in latest New Zealand stranding
DOC notified the local Moriori iwi and Ngāti Mutunga iwi and is working with locals to bury the whales where they stranded. When staff arrived, they found up to 40 of the whales had refloated themselves but another 50 had died on the beach.
Former President George H.W
The image shows the former President's service dog lying next to his coffin during a service in Houston . Both Bush's wife Barbara and their daughter Robin are laid to rest on the library's grounds.
Chris Gayle wins $300,000 in defamation settlement
In his evidence to the court, Gayle said the story had gone viral, an assertion Justice McCallum accepted. His teammate Dwayne Smith, who was in the changing room at the time, also denied the incident took place.