CALGARY – A rebound in the oil and gas industry is poised to boost drilling and fracking companies, which have felt the pressure of the oil price downturn the longest, as analysts expect activity and pricing to rise 10 to 15 per cent over the coming year.
As oilfield services companies begin reporting their first quarter earnings this week, led by Mullen Group Ltd. on Wednesday, investment banks expect the sector to post surprisingly improved financial results.— More…
News from around the world
Pursuant to Title 17 U.S.C. 107, other copyrighted work is provided for educational purposes, research, critical comment, or debate without profit or payment. If you wish to use copyrighted material from this site for your own purposes beyond the 'fair use' exception, you must obtain permission from the copyright owner. Views are those of authors and not necessarily those of Canada Free Press. Content is Copyright 1997-2015 the individual authors. Site Copyright 1997-2015 Canada Free Press.Com Privacy Statement