Commentary – Effects of a Wounded Oilfield Service Sector
Putting the cart before the horse is never good practice. Everyone knows that the horse comes before the cart. But what if the cart is broken? Then what? Clearly, not much work will get done.
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Putting the cart before the horse is never good practice. Everyone knows that the horse comes before the cart. But what if the cart is broken? Then what? Clearly, not much work will get done.
This global oil price war, now in its sixth month, has a James-Bond-like feel. A vulnerable, vital commodity is cloaked behind geopolitical intrigue, wars, sanctions, corruption, high-tech advancement and other unsettling factors.
BAU, or “Business as Usual,” is the comfort scenario that leaders envision when thinking about the future. The next government of Alberta, whatever it looks like, and whoever leads it, should be planning for B-NAU in the coming months and years: “Business – Not As Usual”.
CALGARY, Alberta (April 23, 2015) – ARC Financial updated its proprietary fiscal pulse model to reflect the economic health of Canada’s upstream oil and gas industry. The report examines expected revenue, cash flow, royalties, profitability, taxes, investment and oilfield activity. The results of the fiscal pulse provide a backdrop for upcoming public-company financial reporting […]
