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 […]
Oilsands firms expected to spur $60 billion in cash flow over two years: analyst - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
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.
TORONTO North American stock markets rallied to pare morning losses prompted by worries about rising inflation. The S&P/TSX composite index closed down 87.84 points to 19,274.04 after dropping by as much as 272 points earlier Tuesday. In New York, the Dow Jones industrial average was down 473.66 points at 34,269.16. The S&P 500 index was down 36.33 points at 4,152.10, while the Nasdaq composite was down 12.43 points at 13,389.43 after being down as much as 2.2 per cent. The day started like yesterday; a lot of worry about the inflation that could lead to an increase of interest rates, said Pierre Cleroux, chief economist for the Business Development Bank of Canada.