Jan. 21, 2022

Varcoe: Oilpatch spending to climb, while some producers eye a debt-free future


Article by Chris Varcoe, Calgary Herald


Canadian petroleum producers are expected to crank up their capital budgets by 22 per cent this year, spending an additional $6 billion above 2021 levels. It’s a healthy jump. Yet, with oil trading above US$85 a barrel and benchmark U.S. natural…



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