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Canadian Oil Producers: Who Will Go Down Next?

Murky future for Canadian Oil Producers

As the price of crude oil breaks record lows across all world indexes, the Canadian economy is awaiting the impending effects as the Albertan oil sands revenue begins to slow. Although many multinational companies can starve off the dip in profits from low oil prices, there are several Canadian exploration and production companies that face a harsher reality. At the very least, these companies will be forced to refocus their efforts and take actionable measures to protect their bottom-line. The following are companies listed on the TSX that will face abnormal difficulties; their day to day E&P operations, as well as their capital structure will be faced with the most pressing need for…