|Day's Range||64.15 - 64.79|
|52 Week Range||57.36 - 65.24|
|PE Ratio (TTM)||100.92|
|Dividend & Yield||1.92 (3.74%)|
|1y Target Est||N/A|
CALGARY, Alberta/KUALA LUMPUR, July 26 (Reuters) - Malaysian oil company Petronas scrapped a proposed C$36 billion ($29 billion) liquefied natural gas (LNG) project in western Canada due to weak prices, in a blow to both its global ambitions and Canada's hopes of becoming a major LNG player. Pacific NorthWest LNG in British Columbia was meant to produce 12 megatonnes per year and spur further development of Canada's largest shale play, but industry observers said the move was widely expected given years of delay.
Malaysian state-owned energy company Petronas will not proceed with a proposed C$36 billion ($29 billion) liquefied natural gas (LNG) project in western Canada due to weak global prices, dealing a blow to Canada's ambitions to become a global LNG player. While Petronas' decision is a blow to the regional economy, industry observers said the move was widely expected given years of delay to the huge project near Prince Rupert in the north of the province of British Columbia. It is also the latest setback for the country's energy industry, already bruised by international oil firms selling off around $23 billion in Canadian energy assets this year alone.
These three companies have strong financial profiles, relatively inexpensive valuations, and visible growth prospects.