What oilpatch earnings tell us about life with $50 oil

Oilsands producer MEG Energy beat expectations in the second quarter, along with Cenovus and Athabasca Oil. (David Bell/CBC)

By Tracy Johnson, CBC News, July 31, 2017 

Most recent energy earnings show an industry trying to live within its means

We are most of the way through oilpatch earnings season and despite continued uncertainty in the price of crude, earnings weren’t a complete disaster, with some key oilsands companies, such as MEG Energy and Cenovus beating expectations, while others, such as Imperial Oil and Suncor disappointed.

Martin Pelletier, chief investment officer at Trivest Wealth Management characterized the quarter as “OK.”

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