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.

/ v7 o2 ~- G! X/ B) f! oThis 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.
; @% {, @, l$ Y0 d0 k$ g$ d' a0 d1 v
3 m" U2 S; f& S1 L: f9 gTake the mammoth Suncor Energy Inc. (SU/TSX) as an example of the dramatic cuts that may be coming.
2 t# B& m# R1 D+ ^) L; h1 ?
"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.

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？

* F9 ?3 h1 m/ B- S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。