Petro-Canada
Petro-Canada (TSX: PCA, NYSE: PCZ) is a Canadian oil and gas firm. Its headquarters are in the Petro-Canada Centre in Calgary, Alberta.
Contents
Financial Plan
Petro-Canada plans to spend $5.3-billion (Canadian) in 2008 on a variety of projects and up to $7-billion of capital spending in each coming year.
The last Petrocan loan, struck in 2006, featured 11 lenders. Five were domestic banks, with TD playing a relatively small role. The six foreign banks were JPMorgan Chase, Citigroup, BNP Paribas, ABN Amro, HSBC Bank and Deutsche Bank.
Petrocan secured its new $3.57-billion credit facility in recent weeks. TD doubled the size of its commitment, the largest increase in exposure among lenders.
Foreign banks were reluctant to increase their exposure to Petro-Canada, and several declined to participate despite the company's strong financial prospects. [1]
"A Suncor Energy business, Petro-Canada operates a network of retail and wholesale outlets across Canada, and a specialty lubricants business." [1]
Directors (2007)
Accessed September 2009: [2]
- Ron Brenneman - former CEO of Petro-Canada
- Angus A. Bruneau
- Gail Cook-Bennett
- Richard J. Currie
- Claude Fontaine
- Paul Haseldonckx
- Thomas E. Kierans
- Brian F. MacNeill
- Maureen McCaw
- Paul D. Melnuk
- Guylaine Saucier
- James W. Simpson
Contact
Resources and articles
Related Sourcewatch articles
- ConocoPhillips
- Maurice Strong
- HSBC Holdings
- David P. O'Brien
- Brant Sangster
- Bill Hopper
- Songning Shen
- Domenic Pilla
References
- ↑ Corporate Offices, Petro-Canada, accessed September 25, 2009.
- ↑ Directors, archive.org, accessed September 26, 2009.
