Oil patch plans to be cut back

luckylu888

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.
5 ?8 Q0 E% ?. ~  G/ g9 O' M
" m# t8 K  t. lAs 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.
) K7 S0 y& w3 S3 n! V- D/ M1 z
' Q0 C- y% L% I0 {9 T5 f  H: s: U% MThis 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.

* ?5 N$ ~1 N5 P+ cTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.

"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 Y8 T4 y" H% l/ X  B3 Hhttp://www.financialpost.com/money/story.html?id=895061

laojin168

项目会 推迟， 那么这里这么多做工程的会有什么影响？

烟雨江南

hot

deepbluesea

不是好消息

爱城一粒沙子

bod news for live on oil sand industrial job

知风语

Mpman

瓦窑

原帖由 laojin168 于 2008-10-22 17:33 发表
2 A: ]7 r7 V( V8 t+ b项目会 推迟， 那么这里这么多做工程的会有什么影响？

! k1 Y# \! n! I2 D4 h" ?5 }
总体当然会有影响。不过具体到每个人可能就不一样。因为还是有些大项目要上马。那些把宝都押在Fort  Hill South和Voyageur 的影响就大些。