 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.& _1 a# I! P& R0 \- `9 t
- ~2 [/ ^ V+ s7 LAs 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.
$ X- B0 \& o, }0 O4 i0 U6 W4 d) D! {% Y4 R! c8 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.& q$ O/ A X/ R' a' @
- D3 B) `0 V# a; U; [6 R" M# F5 O( B: H I
Take the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.3 M/ x# |6 f$ |% P+ F+ e8 g4 W
/ T$ w/ I$ i. T9 f/ a% y5 q7 X
"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., A! S7 r# l0 L; Q) e2 Z5 a9 B
; ^% z+ u% d2 m
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
