Industry looks set to undergo an intense round of painful distress-led transformation
Optimism replaced by increasing concern about weakening global demand
But going for certainty means giving up potentially unlimited gains with stocks
Canadian drilling and well services firms’ contracts were the first to be cut following the commodities’ massive drop in prices
Although dividend-paying stocks have fallen in value, yields have increased as a result
Sales in B.C. and Alberta down 35% year-over-year
Greater returns earned by investing in gold equities rather than physical gold, analyst says
Interest in oil will likely be overshadowed by rebounding equities next year
Losses and writedowns cause significant changes, says PricewaterhouseCoopers
Strong policy support will continue to drive growth in China, Europe and the U.S