 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.# b# K* I% b& C' l0 l
+ |" A# l- E! Q6 Q+ C( k+ R+ UAs 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$147 per barrel in July -- it's clear the days of wondering how amazing the profits will be are over.: _& v' j9 q$ Y' I) D/ m
' Q4 N* i3 m, x/ \ d! E
This 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.' F) `2 i% H* r6 y# e5 j4 g
; A' l/ l: X# aTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.
' s3 r% O1 ~ r5 s/ H$ P+ w' O/ |
"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 B* @9 @# D" s5 J
5 z2 M8 n1 z6 e+ R, o& L) yhttp://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
