The outlook for the sector improves in 2016
The new shareholder rights plan could be triggered if anyone buys 20% or more of COS outstanding shares
Twelve of the 23 liquidity downgrades in September were in the energy sector
Care is required in this environment, with good margins and strong balance sheets among the key considerations
The industry is expected to spend $31 billion less this year
Weaker issuers are at a much greater risk of default
Each company has been working on projects in B.C.
Projects that are already under construction will continue as planned, but lead to excess capacity
Wait for signs of rising demand for oil
Smaller, distressed companies likely to be takeover targets for larger players