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Oilpatch poised for economic rebound

Nearly half of the global oil and gas industry executives believe that their businesses have been less severely affected by the economic downturn than other sectors, according to a survey released on Monday by accounting firm Ernst & Young…. “Whether Canadian oil and gas companies share in this global optimism is dependent primarily on their size and bias towards oil,” said Barry Munro [CA], leader of Ernst & Young’s Canadian oil and gas practice, in a statement. “Over the past two to three years, the larger, well-capitalized firms really have achieved an advantage over the smaller players in Canada—a difference that’s only been exacerbated by the downturn.”…
http://www2.canada.com/edmontonjournal/news/business/story.html?id=b45df5c0-89a2-4822-84ab-14b94f0ba7f5

Edmonton Journal