 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.
# C& F B; f( \: I, j; i. Z b: q# m( k8 \) ]
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$147 per barrel in July -- it's clear the days of wondering how amazing the profits will be are over.* j* x9 g, C8 M* d0 W
2 \: o1 F$ F# Z9 H" j
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.5 `7 J5 L" [! M6 B' t
' ~8 D* k4 ^% y: z5 p MTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.
2 o. ?( Z4 D. c% F' b+ B, F9 ?
3 f, F! [- K+ y0 J1 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 $6-billion range," said Andrew Potter, an analyst at UBS Securities Inc.0 |: O, } f! |3 c3 F) O) {- r
1 }' ? v4 ]1 W" F$ lhttp://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
