By Kevin Orland
Company | Response |
---|---|
Husky Energy | Cutting spending plan by C$1 billion and reducing production forecast by about 5% |
Cenovus Energy | Reducing spending 32% to a range of C$900 million to C$1 billion and lowering production outlook by about 5% |
MEG Energy | Slashing capital spending by 20% to C$200 million |
Crescent Point | Cutting capital spending by about 35% to a range of C$700 million to $800 million, switching from quarterly dividend of 1 cent a share to dividend that equates to 1 cent a share per year, reducing production forecast about 7% to range of 130,000 to 134,000 barrels a day |
Vermilion | Reducing capital spending about 20% to C$240 million, lowering monthly dividend to 2 cents a share from 11.5 cents, cutting production forecast about 5.9% to the equivalent of 94,000 to 98,000 barrels of oil a day |
Enerplus | Slashing capital spending about 40% to C$325 million and reducing production forecast about 7.7% to equivalent of 89,000 to 92,000 barrels a day |
ARC Resources | Lowering capital budget 40% to as much as C$300 million and cutting monthly dividend 60% to 2 cents a share. After March, company will switch to a quarterly dividend of 6 cents |
Seven Generations | Trimming capital budget 18% to C$900 million and reducing production forecast 7.4%, to equivalent of 185,000 to 190,000 barrels a day |
Birchcliff Energy | Reducing 2020 capital spending plan by 19% to a range of C$275 million to C$295 million |
NuVista | Cutting capital spending about 24% to C$240 million and reducing low end of production guidance to equivalent of 54,000 barrels a day, from 57,000 |
Surge Energy | Deferring some capital spending from the first quarter into the second half of the year and cutting dividend to 1 cent a share per year, from 10 cents |
Pipestone Energy | Cutting capital spending 60% to a range of C$55 million to C$65 million |
Gran Tierra | Lowering capital budget 67% to range of C$60 million to C$80 million |
Bonterra Energy | Suspending monthly dividend, starting in April. Setting capital budget of C$25 million, a 53% from last year |
Gear Energy | Reducing capital spending 74% to C$13 million |
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A Taxpayer Guide to Trudeau’s Terrible, Horrible, No Good, Very Bad Budget 2024 – Canadian Taxpayers Federation