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S&P Credit Research4592 word report
published Apr 21, 2008
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S&P Credit Research
| Abstract: | Falling natural gas prices and rising oil sands development costs offset some of the strength accruing to Canadian oil and gas companies' profitability from record crude oil prices. Noting these countervailing factors in our quarterly review, Standard&Poor's Ratings Services expects they will persist: Several companies have already announced reduced spending for natural gas development in 2008, largely in response to relative weakness in natural gas profit margins. As conventional oil and gas development in the Western Canadian Sedimentary Basin (WCSB) maintains a steady-to-slowing pace, unconventional oil and gas development should continue to expand. Some large oil sands projects are either moving toward construction completion or production ramp-up. Based on the pace of regulatory applications and approvals, development activity
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| Brief Excerpt: | RESEARCH Ratings Definitions Industry Report Card: Canadian Oil And Gas Companies Spending It As Fast As They Earn It Publication date: 21-Apr-2008 Primary Credit Analyst: Michelle Dathorne, Toronto (1) 416-507-2563; michelle_dathorne@standardandpoors.c...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
