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Energy stocks punished on Toronto market as oil prices continue to plunge

2014-12-08 23:38:09| Energy - Topix.net

There were more signs of belt-tightening in the oilpatch Monday, as oil prices continued their downward slide and energy stocks were pummelled. Precision Drilling Corp. and Vermilion Energy Inc. were among the Canadian energy firms to cut capital budgets for next year, in addition to Trilogy Energy Corp. , which is also halted its dividend "given the current market environment."

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