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.

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.
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3 z7 R; Y  x! {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.

( r% i; K" j2 _1 E6 q/ KTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.
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" h- \" o2 @9 h: T; i"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.
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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

hot

deepbluesea

不是好消息

爱城一粒沙子

bod news for live on oil sand industrial job

知风语

Mpman

瓦窑

原帖由 laojin168 于 2008-10-22 17:33 发表
项目会 推迟， 那么这里这么多做工程的会有什么影响？

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。