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  • Bloomberg3 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.

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