 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.
! E' E! q- Y; a/ o3 q( B4 p3 U% X
- o. @$ _7 z; a0 ^1 M7 C4 V/ L% l! M. x" 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$147 per barrel in July -- it's clear the days of wondering how amazing the profits will be are over.; D6 ^0 k6 O4 M0 r
! \% s2 N- ]1 ^4 A/ U
This time around, capital expenditure plans will be under the microscope. Budgets may still be undergoing finishing touches, but do not expect the Street to wait for the nitty-gritty details.
# m$ `/ ]* e* Z8 j; `8 S, M9 u9 ?
Take the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.' l9 {( D; [7 t' m+ E3 A; ~( ]: i
4 g) p Z% e `$ Q"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 $6-billion range," said Andrew Potter, an analyst at UBS Securities Inc.
7 c. f! t1 @) q/ X# [$ P* N% }, e
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
