Capital budget
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Suncor cuts $1.5B from budget to cope with low oil prices, virus impact
Cuts follow billions in spending reductions by other major oil sands players.
Canadian Natural cuts $1B from budget due to low oil price
Oil sands producer will ramp up capital spending if prices improve and stabilize, and there’s clarity on market access.
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Encana to cut capital budget by $600M
Also cuts shareholder dividend by about 78%.
Penn West cuts 400 jobs, mostly in Calgary
To cut a further $75 million from capital spending budget; suspends dividend.
Encana cuts capital spending plan by US$700M
Will continue to focus 80% of its capital investment on four main assets in Alberta, BC and Texas.
