Oil Firms Plan New Year Budgets after $53.5B Spend in 2011

Financial Post reported that Canadian oil firms are trying to plan next year’s budget amid volatile oil prices.

As quoted in the market news:

They will start releasing their 2012 capital budgets within the next few weeks. Increased spending could boost production and share prices, but it could also leave some producers with empty pockets if commodity prices once again tumble.

Click here to read the full Financial Post report.