 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.
9 g# J T0 J+ L/ R& o% f/ V7 S9 R9 i. \9 B6 [3 E
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.
/ r2 [* Z" W# c, |/ r# @
! `6 ~5 l: v% x* e! ] 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.
1 X, u8 V6 z4 }; @8 ]+ \ |2 ~- |- z+ u- \* C: }
Take the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.
$ \9 F/ \/ F% Z9 p, W* d3 ~( L6 F' e( s
+ _! R+ Z6 Z4 @1 i9 Q% u6 h/ Y1 q"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.) `+ s Y; h* P' Q, a
" i! u5 P+ _2 d
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
