Crude lesson

20 June 2017 By Lauren Silva Laughlin

The Canadian firm’s ill-timed $13 bln deal with ConocoPhillips in March has burned nearly half its value and cost the CEO his job. Crude’s fresh drop threatens the company’s plan to steady itself with more asset sales. For oil outfits, a lean balance sheet is a critical resource.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)