COMPANY NEWS: Canadian firms report record 4Q, full year 2000 profits

03/05/2001
Some major Canadian oil and gas companies reporting fourth quarter and full year 2000 earnings have shown record gains.Alberta Energy Co. Ltd. (AEC), Calgary, said that increased production and strong commodity prices were major factors in the company's record cash flow, earnings, and product sales for fourth quarter and full year 2000. (All subsequent monetary unit references to Canadian companies' operations and financial results are in Canadian dollars.)Westcoast Energy Inc., Vancouver, BC, reported a 53% increase in 2000 earnings over 1999 to a record $340 million on $8.95 billion in revenues.Husky Energy Inc., Calgary, reported an increase in fourth quarter profits to $232 mi...
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