👇🇨🇦"Historic profits in oilpatch on track to continue as global oil demand set to jump yet again" #OilPrices #GlobalOilDemand #CanadianOilSector #BigOil
https://www.cbc.ca/news/canada/calgary/bakx-oil-profit-cashflow-climate-iea-1.6750496
https://www.cbc.ca/news/canada/calgary/bakx-oil-profit-cashflow-climate-iea-1.6750496
Historic profits in oilpatch on track to continue as global oil demand set to jump yet again | CBC News
There are many ways the energy sector could spend those hefty returns, but so far, companies seem unwilling to waver from their primary strategy of paying down debt and passing on a good chunk of those profits to shareholders.