CALGARY A group of five large Canadian oilsands companies are expected to generate about $60 billion in net cash flow over the next two years and spend only half of it on dividends and capital expenditures, leaving the rest for debt repayment and sharing with shareholders. In a report, analyst William Lacey of ATB […]
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Winnipeg Free Press By: The Canadian Press Save to Read Later
CALGARY - A group of five large Canadian oilsands companies are expected to generate about $60 billion in net cash flow over the next two years and spend only half of it on dividends and capital expenditures, leaving the rest for debt repayment and sharing with shareholders.
Pipes are seen at the Kinder Morgan Trans Mountain facility in Edmonton on Thursday, April 6, 2017. THE CANADIAN PRESS/Jonathan Hayward
CALGARY - A group of five large Canadian oilsands companies are expected to generate about $60 billion in net cash flow over the next two years and spend only half of it on dividends and capital expenditures, leaving the rest for debt repayment and sharing with shareholders.
Oilsands firms expected to spur $60 billion in cash flow over two years: analyst weyburnreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weyburnreview.com Daily Mail and Mail on Sunday newspapers.
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The Canadian oilpatch is crafting a compelling comeback story in 2021 â with more than $3 billion in profits generated by six of the largest petroleum producers in the first quarter â but the tale also highlights a split in industry fortunes.
Over the past two weeks, oil and natural gas producers have rolled out higher first-quarter profits, surging cash flow levels and ramped up efforts to pay down debt, while Canadaâs drillers are waiting for a full recovery to arrive.
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Try refreshing your browser, or Chris Varcoe: A $10B turnaround â after tough 2020, biggest oil and gas producers generate more than $3B in earnings Back to video