Calgary’s oil patch

Some Canadian oil and gas producers got their fingers burnt last year as oil prices soared and hedging programmes resulted in big losses. What will their strategies be in 2005? Catherine Lacoursiere reports

Following the run-up in oil and gas prices in 2003 and 2004, a number of exploration and production (E&P) companies have decided the risk and expense are too high to hedge production in 2005. Husky Energy has allowed its 2004 hedges to expire after the oil and gas company reported a $561 million hedging loss for 2004.

Suncor Energy, a major oil sands miner, has announced it will not hedge in 2005 after deploying an aggressive hedging programme throughout the expansion of its oil sands

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here