Cautious optimism rules oilpatch as fourth-quarter reporting season dawns
Cautious optimism rules oilpatch as fourth-quarter reporting season dawns by The Canadian Press Last Updated Jan 27, 2021 at 2:14 pm EDT CALGARY — Canada’s oil and gas producers are expected to maintain spending discipline in 2021 as optimism from stronger oil prices is offset by fears of weak demand due to new strains of the COVID-19 pandemic. Analyst Matt Murphy of Tudor Pickering Holt & Co. says he doesn’t expect big changes in spending plans as senior members of the energy industry roll out fourth-quarter results over the next few weeks, starting with oilsands and refining giant...
Source: 680news.com