 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." v9 D8 N! m8 [8 z
. G1 r5 @# X' q9 |4 }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$147 per barrel in July -- it's clear the days of wondering how amazing the profits will be are over.7 `% N; d$ w: \. _
9 s' ], z' ?' O. y( r8 J; c0 O
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.
0 V4 ?/ Y( c: B; s3 y4 k
4 R. e2 a- H3 }& OTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.
* b: R z& z3 ^" X0 m- m( g5 D- }8 `5 W* { c
"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 $6-billion range," said Andrew Potter, an analyst at UBS Securities Inc.
; |3 V3 h$ g2 g' ]" G1 \- R1 A: ]3 Q! X& [+ R) x3 Y3 h% ^
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
