Plunging commodity prices spillover to Canada’s exploration & production budgetsSome majors stick with plans, but analysts brace for cutbacks in drilling programs and warn of consequences from a slump in gas exploration Gary Park PNA Canadian Correspondent
With oil and natural gas prices being whipsawed, amid fears that a global recession has been accelerated by terrorist attacks on the United States, Canada’s E&P sector is bracing for heavy cuts to capital spending and drastically revised earnings forecasts.
Budgets and drilling plans are already bei....
[additional news subjects in this story]
Nothing changes at AEC Drilling down 30 percent Cuts will lead to higher gas prices Oil budgets flat
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