Share this Story : Edmonton Journal Copy Link Email X Reddit Pinterest LinkedIn Tumblr

Varcoe: High oil prices leave producers with epic cash flow levels, some 'approaching debt-free status'

'It's not really part of the business model to build cash, so we think you will see a combination of ongoing share buybacks combined with organic growth next year, which is a bit of a shift versus the past couple of years'

Canadian oil producers are set to unleash “epic” third-quarter financial results in the coming weeks, powered by supercharged energy prices, setting the table for a potential debt-free twist.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters.

Unlimited online access to Edmonton Journal and 15 news sites with one account.

Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Support local journalism.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters.

Unlimited online access to Edmonton Journal and 15 news sites with one account.

Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Support local journalism.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.

Share your thoughts and join the conversation in the comments.

Enjoy additional articles per month.

Get email updates from your favourite authors.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account

Share your thoughts and join the conversation in the comments

Enjoy additional articles per month

Get email updates from your favourite authors

Sign In or Create an Account

It will leave some of the largest producers with plenty of cash and the ability to have little or no net debt on their books over the coming year, analysts say — while allowing them to bankroll new growth initiatives or pursue other options.

“It’s clear that these companies are going to be generating just an epic level of free cash flow, and we see that continuing into 2027. And they, frankly, have a cash........

© Edmonton Journal