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Natural gas producers in survival mode

Financial Post | Business

Natural gas companies are getting antsy.

Sure, they can see the long-term potential of their industry, but first they need to get past natural gas prices that have hit rock bottom.

“In the current market environment there are natural gas producers who are definitely in survival mode and some of them won’t survive — there are producers who are likely generating negative cash flows today,” Barry Munro, leader of Ernst & Young’s Canadian oil and gas practice, said in an interview.

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SMIPP Ltd is a DG Independent Power Plant Private Joint Stock Company. 25-60 MW Gas Turbines Power Generators

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