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CS - Streamlined capex, low-carbon ambition & a rare foreign buy - January 2020
Companies are detailing their spending plans for 2020 within an environment that remains challenging for oil and gas producers. Heavy regulations, supply constraints and mandatory production curtailments in Alberta, among other factors, are providing the macro-context for decisions going forward. Athabasca Oil will spend $125 million, down $10 million from last year, and aim to sustain production within projected funds flow (PG.3). Crescent Point Energy has up to $1.2 billion earmarked (PG.5) and also......
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