 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.3 d6 W8 f* T9 S0 ^
" I ?8 V; l8 o3 }: m) R
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$147 per barrel in July -- it's clear the days of wondering how amazing the profits will be are over.+ i, ?! w0 a: d _5 k
2 y9 s& |3 f" ~% k+ R
This time around, capital expenditure plans will be under the microscope. Budgets may still be undergoing finishing touches, but do not expect the Street to wait for the nitty-gritty details.
; u! h& p* o6 S0 |9 e) T, P t$ O7 s6 _ |- t
Take the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.
" O5 d& I; L) j7 g6 U/ f$ w
4 o y) G d# y+ c6 B3 O$ y"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.( k' t3 J9 t9 D) L/ @9 p- P
- R/ @( L/ P2 ]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
