Friday, July 22, 2016

Oil Sands Companies Are Holding On, But Just Barely

Optimism in oilpatch rebound still 'fragile' as Precision, Encana post results

CALGARY - Executives from Encana Corp. and Precision Drilling Corp. expressed restrained optimism as they reported earnings for the second quarter Thursday, but analysts said the results show early signs of a rebound in the hard-hit sector. "The sentiment swings in the past month-and-a-half have been phenomenal. The tone has changed, the sentiment has change but…