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  • Bloomberg2 years ago

    Oil Drop Hits Canadian Industry From Arcan to Talisman

    Talisman Energy Inc. (TLM) , Arcan Resources Ltd. (ARN) and other Canadian oil companies investing in new projects are seen by analysts as particularly at risk from global energy prices sinking to an almost four-year low. Companies may have to cut back on projects unless cash flow from existing operations is enough to pay debt used to fund exploration and drilling, analysts and investors said. The S&P/TSX Energy Index has slid 13 percent since Sept. 29 and Brent crude has plummeted 26 percent from a June 19 high. “You’re in trouble unless you have the cash-flow base like the big guys,” said Sameer Uplenchwar, an analyst at Ghs Securities Canada Ltd. in Calgary.

  • Reuters2 years ago

    PRESS DIGEST- Canada- Aug 13

    The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Canadian school boards and universities ...