Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (58392)	5/2/2019 9:23:11 AM
From: Goose94	Read Replies (1) of 203419

Crude Oil: WCS Petroleum Services Association of Canada is again lowering its forecast for how many oil and gas wells will be drilled in Canada this year. The PSAC says it now thinks just 5,300 wells will be drilled, down from a revised estimate of 5,600 wells in January and well off the pace of last year when 6,948 were drilled. It originally called for 6,600 wells in November. PSAC head Gary Mar says the slowdown is due to decaying investor confidence as export pipeline projects are delayed and the federal government ponders passing bills C-69 to revamp the National Energy Board and C-48 to ban crude exports off the northern British Columbia coast. The forecast arrives as well completion firm Calfrac Well Services posts a $36-million first quarter loss compared with a $3.2- million profit in the same period of 2018. It says revenue from Canadian operations came in at $131-million compared with $190-million in the same period of 2018, mainly due to lower activity and pricing. The Canadian Association of Drilling Contractors reported only 36 per cent of its members' drilling rigs were employed in the first quarter.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next