 鲜花( 1)  鸡蛋( 0)
|
CALGARY - Energy companies start reporting their third-quarter results today amid an environment of plunging oil prices and with credit and equity markets in disarray.* s* i5 e8 a& ^) Z
}2 m$ v; K+ Q* D3 t+ j/ \As oil closed at US$74.25, up US$2.40 on the day -- above last week's low of US$67 but a far cry from its peak of US$147 per barrel in July -- it's clear the days of wondering how amazing the profits will be are over.+ d L8 V f5 h# ~, N' ?
. G) h) K2 `- c3 X. u, vThis time around, capital expenditure plans will be under the microscope. Budgets may still be undergoing finishing touches, but do not expect the Street to wait for the nitty-gritty details.- ^ z6 Z- t6 H3 ]
' }; T3 x# N( uTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.
* S$ S; r) m# f4 t' v3 ^; m, {! I! r2 k% W# t
"We would not be surprised to see Suncor take a more conservative stance towards spending by scaling back its $9-billion to $10-billion 2009 capex program to the $5-billion to $6-billion range," said Andrew Potter, an analyst at UBS Securities Inc.3 t( |% c! X0 a9 w! ]
# I" L/ d/ r* z$ B; O' b
http://www.financialpost.com/money/story.html?id=895061 |
|
狗仔卡
发表于 2008-10-22 16:11
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
