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Vol. 11, No. 18 Week of April 30, 2006
Providing coverage of Alaska and northern Canada's oil and gas industry


Hyper-inflation eating into company profits

Canadian upstream revenues break C$100 billion threshold, but camouflage rapidly rising finding and development costs

Gary Park

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 sky’s 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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