 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.8 j* ?- r8 R/ {" `
. q7 `5 G1 a$ ]" ~! u$ L, }
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$147 per barrel in July -- it's clear the days of wondering how amazing the profits will be are over., q4 \! @8 m+ Q3 b! U
& a; ^" \, d3 r5 v4 _, z" a' U0 TThis time around, capital expenditure plans will be under the microscope. Budgets may still be undergoing finishing touches, but do not expect the Street to wait for the nitty-gritty details.
; C6 w# x6 M2 h/ z, |6 m* e7 k7 ^3 n% g
8 ?8 W7 ` } N$ X4 E- uTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.
' {. b% V7 R7 h9 g+ o! n# s+ \# b+ {! X- f: W7 x, N% 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 $6-billion range," said Andrew Potter, an analyst at UBS Securities Inc.
7 ?0 p# w2 A9 P: h, O7 t0 G$ k# P9 y' E5 c5 i
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
