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Good but not all the goodness is falling to the bottom line

Sunday, April 1st, 2018 Category: Long Form Reports
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Good but not all the goodness is falling to the bottom line

Financial results for 4Q17 are in and crude oil netbacks are up. Hardly surprising given the run up in oil prices, but it looks like not all the growth in Brent is passing through directly to operating profitability.

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