Global oil market restructuring in 2015 slams Canadian operators, while persistent North American gas glut worsens.
Seventy-three of the Top 100 Canadian producers reported negative net income in 2015, tallying a combined loss of $30 billion in the year. This compares with a positive net income of $14.6 billion the previous year. Revenues declined from $96.3 billion to $68.8 billion as a result of the price rout.
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