Mar 13, 2020
Canadian Energy Companies Slash Billions In Spending on Oil Glut
Bloomberg News
,(Bloomberg) -- Canadian energy companies are slashing their spending plans for this year as low oil prices make most production unprofitable, straining their cash flow.
Here is a summary of how companies are responding to the slump:
To contact the reporter on this story: Kevin Orland in Calgary at korland@bloomberg.net
To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Derek Decloet
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