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Samsung Boosts Capital Spending as Phones Fail to Revive Growth

2015-10-29 03:58:25| Electronics - Topix.net

Samsung Electronics Co. said it will increase capital spending after posting profit that missed analysts' estimates as price cuts on new Galaxy S6 smartphones failed to sway consumers from buying iPhones.

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Baytex Energy cutting capital spending, ending dividend payouts to preserve cash

2015-08-21 19:15:41| Energy - Topix.net

Baytex Energy Corp. says it's taking "difficult but necessary steps" to get past current low commodity prices, including a reduced capital program and the suspension of its monthly dividend. The Calgary-based company says it will stop drilling in the Peace River and Lloydminster areas in Western Canada for the rest of this year and also look for further cost reductions in Texas, where it's involved in the Eagle Ford play.

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Suncor Energy trimming capital spending by a further $400 million

2015-07-30 05:29:08| Oil & Gas - Topix.net

Suncor Energy is trimming its spending plans for this year by a further $400 million, while at the same time boosting its production targets and dividend. The moves come as U.S. benchmark crude prices continue to languish below US$50 a barrel, dashing hopes in the oilpatch of a quick recovery.

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Canadian Natural Resources to cut capital spending again after quarterly loss

2015-05-07 14:09:07| Oil & Gas - Topix.net

Canadian Natural Resources Ltd. says it recorded a net loss of $252 million in the first quarter of the year, or 23 cents per share, as the recent plunge in crude oil prices continues to impact its bottom line. The company says it has increased production and cut costs in response to the lower prices and will trim this year's capital spending by another $300 million across all segments, to approximately $5.7 billion.

Tags: resources natural capital loss

 

Canadian Natural Resources to cut capital spending again after quarterly loss

2015-05-07 14:06:34| Energy - Topix.net

Canadian Natural Resources Ltd. says it recorded a net loss of $252 million in the first quarter of the year, or 23 cents per share, as the recent plunge in crude oil prices continues to impact its bottom line. The company says it has increased production and cut costs in response to the lower prices and will trim this year's capital spending by another $300 million across all segments, to approximately $5.7 billion.

Tags: resources natural capital loss

 

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