PetroCanada boosts production in quarter; but profits fall with prices
Allen Baker, PNA contributing writer
PetroCanada’s net earnings dropped nearly 70 percent for the first quarter, but startup of the Terra Nova project on Canada’s East Coast brought an increase in production.
Earnings for the Calgary-based company came in at $88 million (Canadian) for the quarter, down from C$282 million a year ago. In....
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