Canadian indies thrive on strong cash flow, robust commodity prices

Canadian oil and natural gas exploration and production companies are alive and well, thriving on robust cash flows and strong commodity prices that will likely continue into the fourth quarter.Leading Canadian independents, such as EnCana Corp., Nexen Inc., Talisman Inc., and Canadian Natural Resources Ltd., are expanding their E&P activities, both domestically and internationally, and some are testing the potential of unconventional energy sources, such as coalbed natural gas (CBNG) and wind power.Industry associations are projecting strong Canadian drilling totals for 2003, with a possible record tally of as many as 20,000 wells.The Canadian Association of Oilwell Drilling Contractors ...

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