Oil-Sands Cash Burn Deepens as Cheap Canadian Crude Saps Profits

Updated on
  • Cash flow falls 54 percent for four companies in first quarter
  • Suncor, Cenovus, Husky and Meg suffer from low crude prices

Oil Producer Earnings Shake Off Low Price Pressure

In a week when oil prices are rallying, financial results from one of the world’s costliest places to extract crude are a reminder of how bad things have been for energy producers.

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