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.
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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.

; L2 r& K3 |% \* K) d; e3 yThis 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.

' z- L- c* V8 }0 p8 ]! U8 B+ YTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.

4 W+ C5 M% Y' W/ F" d; a5 a"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.

http://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

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deepbluesea

不是好消息

爱城一粒沙子

bod news for live on oil sand industrial job

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Mpman

瓦窑

原帖由 laojin168 于 2008-10-22 17:33 发表
, I( L4 M( h) z# x1 U* b, O5 F项目会 推迟， 那么这里这么多做工程的会有什么影响？

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8 l" W5 f/ K/ \. B, ]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。