Dismal sales loom for energy firms

THE drop in oil prices is expected to weigh on quarterly sales numbers for Australia's oil and gas producers, providing a headache for investors already concerned that hefty write-downs may be around the corner in the lead-up to earnings reports next month.

Dismal sales loom for energy firms Dismal sales loom for energy firms Dismal sales loom for energy firms Dismal sales loom for energy firms Dismal sales loom for energy firms

Glyn Lawcock

But the upcoming reports for the June quarter, which begin this week with Woodside Petroleum on July 14, should be spared from steeper reductions in revenues by the lag between oil prices and LNG

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