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Vol. 9, No. 6 Week of February 08, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


Expectations of share sale for Petro-Canada take hit

Integrated oil company takes drubbing over 5% cut in reserves and lowered production outlook; but sets long-term goal to ‘significantly’ replace reserves

Gary Park

Petroleum News Calgary Correspondent

Speculation that the Canadian government might finally unload its last 18.6 percent stake in Petro-Canada was even more firmly pushed to the side Jan. 29 when the company absorbed one of the largest single-day declines in its share value. More than 11 hours after posting a 44 percent drop in its fo....

    [additional news subjects in this story]

One-time problems cited

Long-term goal to improve reserve replacement


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