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.

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. 

"A Suncor Energy business, Petro-Canada operates a network of retail and wholesale outlets across Canada, and a specialty lubricants business."

Directors (2007)
Accessed September 2009:


 * 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

 * Web: http://www.petro-canada.ca

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