 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.
& z2 ?1 E, @% Y& Y' H f) n* c2 L( u& Z
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$147 per barrel in July -- it's clear the days of wondering how amazing the profits will be are over.
. Z1 j" e% [) B* Z
3 ]/ r e6 p1 m5 `$ _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; \9 Q) s: I: _( I6 t
3 B& d- Z+ ` P. S7 nTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.; Q5 q, E( C* }, u! v
3 a- p+ \) q) @. d3 E"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 $6-billion range," said Andrew Potter, an analyst at UBS Securities Inc.$ W9 _/ b5 g5 P, U( j- J
; I3 L! _% c; T; _; vhttp://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
