Petrocan takes profit hit from exposure to Enron

Article Abstract:

The financial collapse of Houston, Texas-based Enron Corp. has led to a fourth-quarter earnings cost of $15 million for Calgary, Alb.-based Petro-Canada Inc. Petrocan, which is an oil and gas producer, is one of Enron's major customers in the oil fields of Alberta, Canada.

United States, Organizational history, Natural Gas Distribution, Gas transmission and distribution, Gas Transmissn & Distributn, Gas transmission industry, Enron Corp., ENE

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Petrocan firing on all cylinders

Article Abstract:

Alberta-based Petro-Canada Inc. has received favorable stock ratings from industry analysts who like the company's long-term projects. Petro-Canada, which is one of the country's largest oil and gas companies, has projects in northen Alberta and the Grand Banks.

Financial analysis

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Petrocan posts record year with near four times '99 profit

Article Abstract:

Petro-Canada sees profits grow to $893 million in 2000, almost four times greater than its profits a year before.

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