Why oil under $50 is unstainable

dan_s · Post by **dan_s** » Mon Jan 12, 2015 3:09 pm

http://www.ogfj.com/articles/2015/01/ca ... 22015.html

According to CanOils’ new study “How Sustainable is Canadian Oil & Gas at $50 per Barrel?” the majority of the Canadian oil and gas industry is set for difficult times ahead; less than 20% of the biggest oil and gas companies in Canada have what CanOils defines as sustainable operations at $50 oil. This conclusion was reached by looking into break even metrics for the 50 companies as a whole at various oil price benchmarks, as well as debt positions and hedging arrangements in place.