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- W36761523 abstract "This paper reports that the Canadian oil and natural gas sector is in for another grim year in 1992. Further streamlining to enhance operating efficiencies and control costs is the first order of the day. About $4 billion worth of producing properties remains on the market, as corporate focus continues to shift to core properties. New management structures put in place in the last two years will be severely tested to improve the sector's financial performance. Massive write-downs in 1990 and 1991 have put balance sheets in much better shape for improved financial performance in the future. Although new long-term debt exceeded redemptions in 1991, largely because of debt- financing of major capital projects, individually most companies are in better shape through significant debt repayment or restructuring. The substantial reductions in interest rates will also help to enhance discretionary cash flow. At this stage, everything appears to be in place to expect that 1992 will represent the bottom of the down-cycle for Canada." @default.
- W36761523 created "2016-06-24" @default.
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- W36761523 date "1992-02-01" @default.
- W36761523 modified "2023-09-26" @default.
- W36761523 title "Canada; Another sharp drop in drilling is expected" @default.
- W36761523 hasPublicationYear "1992" @default.
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