The Canadian oil & gas industry, as in every other country in the world, has been shaken by the continuing sharp decline in global oil prices. Market capitalization values for nearly all oil and gas companies have fallen dramatically as benchmark prices have tumbled; the widely accepted benchmark spot oil price in North America, West Texas Intermediate (WTI) fell from over $90 in September 2014 to around US$50 in January 2015.
CanOils has released a new study looking at 50 of Canada’s biggest oil and gas companies that quantifies just how healthy the industry is in this climate of falling prices. The study takes into account break even costs for all 50 companies as well as current debt levels and hedging contracts.
The full study can be downloaded for free here.
Key Conclusions of this CanOils Study:
The CanOils database provides clients with efficient data solutions to oil and gas company analysis, with 10+ years financial and operating data for over 300 Canadian oil and gas companies, M&A deals, Financings, Company Forecasts and Guidance, as well as an industry leading oil sands product.