The Financial Post reports in its Thursday edition that faced with weak prices, some gas producers in Canada and the U.S. are adjusting their plans. The Post's Chris Varcoe writes that .... ATB Capital Markets analyst Patrick O'Rourke says, "Gas producers are feeling pressure to penny pinch." Last week, intermediate-sized producer Whitecap Resources said its capital budget this year will be $100-million lower than was initially expected, and is now forecast to be between $900-million and $1.1-billion (all figures Canadian unless otherwise stated). Whitecap has the ability "to be able to swing capital between natural gas and oil," company chief executive officer Grant Fagerheim said on a conference call. "We'll make the evaluations in the back half of the year if there's a need to shift any other capital." U.S. gas producers have also responded to lower prices. Chesapeake Energy announced last week it will reduce its capital expenditures by about 20 per cent to $1.3 billion (U.S.). Texas-based Comstock Resources said earlier this month it would suspend its quarterly dividend in response to weaker gas prices. Ensign Energy Services CEO Bob Geddes says, "You're going to see the back half of '24 strengthen."