Bombardier reported a net loss of $490 million, or 24 cents per share, for the second quarter ended June 30 compared with a profit of $125 million, or 6 cents per share, a year earlier. Bombardier, which has been spending heavily on its new CSeries jets program, said free cash flow usage dropped to $490 million from $808 million. The company had $3.34 billion in cash and...
Canadian Natural, which produces almost all of its natural gas and natural gas liquids from fields in Alberta, British Columbia and Saskatchewan, said cash flow from operations fell nearly 38 percent to C $938 million in the second quarter ended June 30. The company's net loss narrowed to C $339 million, or 31 Canadian cents per share, from C $405 million, or 37...
*Net operating costs fall to C $7.43/ barrel from C $9.43. MEG, whose main operations are in the Athabasca region of Alberta, said its cash flow from operations fell by about 93 percent to C $7 million in the second quarter as bitumen prices fell along with U.S. benchmark crude prices. However, the company's net operating costs fell to a record low of C $7.43 per barrel...
MEG, whose key operations are in the Athabasca oil sands region of Alberta, said cash flow from operations fell about 93 percent to C $7 million, hurt by lower bitumen prices due to a decline in U.S. benchmark crude prices. MEG also reduced its non-energy operating costs in 2016 to a range of C $6.00 to C $7.00 per barrel from an earlier forecast of C $6.75 to C $7.75 per...
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