Hyper-inflation eating into company profits
Canadian upstream revenues break C$100 billion threshold, but camouflage rapidly rising finding and development costs
For Petroleum News
Upstream revenues topped C$100 billion for the first time in Canada last year they were actually C$22 billion better than the 2004 record and are expected to stay there through 2008, says a study by ARC Financial Corp. commissioned by the Canadian Association of Petroleum producers.
Just for goo....
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A skys the limit scenario, right?
Costs compounding at minimum 15% annually
M&A costs up for Canadian reserves
Average return on capital 13%, 9% on equity
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