In its business outlook survey released Monday, the Bank of Canada reports that energy producers are setting aside just 40 per cent of estimated cash flow for capital expenditures, compared with an average above 100 per cent in the years prior to the pandemic.
Crude and gas prices have soared over the past year, but Canadian energy companies have not been using that revenue bonanza to invest in new projects or sites to the same extent as during previous booms. Instead they are using cash flows to shore up balance sheets and reward shareholders. The curtailment in capital spending follows last year’s decline that saw the sector’s capital expenditures drop to 60 per cent of cash flow.Article contentLook at that sharp drop in Canadian oil and gas capital expenditures....
moneytalkstweet This headline was predicted weeks ago via the MoneyTalks crowd. If anyone actually wants critical economic thinking, I do suggest you listen to this podcast.
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Canadian oil and gas companies slash capital spending by more than half, BoC survey findsBank of Canada business outlook survey finds energy producers are setting aside just 40% of cash flow, down from 100% before the pandemic Now's the time to make bank. The coming severe recession will reduce the need for O&G. I own O&G shares and I want dividends from them, not production growth. Groper Trudeau and Steven “The Human Fly” Guillbeault have clearly signalled that oil companies are redundant, so why would they invest any $ in new production? Trudeau choked oil and gas industry. If he is not removed soon, we are 3 Rd world
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Canadian oil and gas companies slash capital spending by more than half, BoC survey findsBank of Canada business outlook survey finds energy producers are setting aside just 40% of cash flow, down from 100% before the pandemic Now's the time to make bank. The coming severe recession will reduce the need for O&G. I own O&G shares and I want dividends from them, not production growth. Groper Trudeau and Steven “The Human Fly” Guillbeault have clearly signalled that oil companies are redundant, so why would they invest any $ in new production? Trudeau choked oil and gas industry. If he is not removed soon, we are 3 Rd world
ソース: nationalpost - 🏆 10. / 80 続きを読む »
1Password CEO Jeff Shiner on business security, Lego and the risky online habit that annoys him most1Password CEO Jeff Shiner spoke to the Star about tech’s choppy waters, whether the company will ever go public, and how he’d respond if someone successfully breached his company’s security: The Star did an Advertisbent and is passing it off as an article. I keep forgetting this is a Toronto company. I’ve used their software for years and I highly recommend it to keeps passwords strong, secure, and synchronized across your devices, your family, and your teams.
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