Oil Firms Plan New Year Budgets after $53.5B Spend in 2011
Financial Post reported that Canadian oil firms are trying to plan next year's budget amid volatile oil prices.
Financial Post reported that Canadian oil firms are trying to plan next year's budget amid volatile oil prices.
MGM Energy Corp. (TSE:MGX) reports its financial results for the three and nine months ended September 30, 2010.
Anglo Canadian Oil Corp. (CVE:ACG) reports that the company has suspended operations on its Shane 7-11 horizontal well.
The market in Toronto jumped significantly, in part due to the merger announcement between Suncorp (TSE:SU) and Petro-Canada (TSE:PCA). Petro-Canada was up 20 per cent at the end of the day and many of the other Canadian oil patch companies rose along with it. EnCana (TSE:ECA), Canadian Natural Resources (TSE:CNQ) and Talisman Energy (TSE:TLM) all closed up significantly.
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