'We literally have a bulletproof balance sheet now:' Flush with cash, Canadian oilpatch rapidly slashes debt levels
“We are close enough to zero that we may get to zero . . . We’re so low, it’s kind of an irrelevant level right now.”
Commodity prices have moderated this year, but Canadian oil and gas revenues are expected to reach $190 billion this year, the second-highest figure in the past decade, according to ARC Energy Research Institute. Producers in the Canadian sector are near “the strongest that we have ever seen them,” said Brad Wells, head of energy at BMO Capital Markets.
Enerplus CEO Ian Dundas said such a strategy provides companies with more stability and resiliency to withstand sudden shifts in oil and gas prices.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Varcoe: Flush with cash, Canadian oilpatch rapidly slashes debt levelsFlush with cash, Canadian oilpatch rapidly slashes debt levels yyc yycbiz Column by ChrisVarcoe:
اقرأ أكثر »
Varcoe: Canadian producers ponder return of $100 oil after OPEC+ output cutThe unexpected decision by OPEC+ means higher commodity prices and stronger cash flow levels in 2023 — if these conditions hold.
اقرأ أكثر »
Canadian EV charging company Swtch Energy moves into energy managementCanadian electric-vehicle charging technology company Swtch Energy Inc. is extending its reach into energy management as it works to lower the cost of charger installations in apartments, condos and mixed-use buildings across North America.
اقرأ أكثر »
Canadian dollar climbs to six-week high as OPEC+ cuts outputLoonie at 74.39 U.S. cents
اقرأ أكثر »
BEYOND LOCAL: Some Canadian athletes feel contractually silencedIn order to receive just over $21,000 annually in Sport Canada funding, Olympic athletes must sign contracts with their national sports federations. Those contracts have contained clauses stating broadly that athletes must watch what they say
اقرأ أكثر »
BEYOND LOCAL: Some Canadian athletes feel contractually silencedIn order to receive just over $21,000 annually in Sport Canada funding, Olympic athletes must sign contracts with their national sports federations. Those contracts have contained clauses stating broadly that athletes must watch what they say
اقرأ أكثر »