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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (79350)	3/11/2020 8:44:53 AM
From: Goose94	Read Replies (1) \| Respond to of 202709

Crude Oil: Oil Patch Rapid Response Continues Yesterday, Cenovus was in the spotlight after slashing its capex (and being referred to as “uninvestible” by our Market Call guest). Since the closing bell, we’ve seen a slew of other names announce plans for dealing with fallout from the Saudis’ price war (and, in some cases, also specifically referencing COVID-19). Among them: MEG Energy is slashing its capital spending budget by 20 per cent. Seven Generations is nearly matching that move by cutting its capex plans by 18 per cent. Bonterra Energy is suspending its dividend and planning to defer spending outside the $25 million already committed “until pricing is more supportive.” BNN.ca