The Financial Post reports in its Tuesday edition that Canadian oil-patch companies are hedging prices on their barrels, eyeing capital spending plans and preparing for more volatility amid falling oil prices and the on-again, off-again threat of tariffs by the United States. The Post's Meghan Potkins writes that oil futures declined for the seventh straight week, capping a week when markets were roiled by the surprise announcement from OPEC that it will begin a long-delayed supply hike, and U.S. President Donald Trump's decision to pause tariffs again on Canada and Mexico. Energy research firm Enverus has downgraded its oil price forecast from $70 per barrel for West Texas Intermediate to $65/bbl in 2025 and $60/bbl in 2026 (all figures U.S.). Canadian producers and pipeline companies spoke about the volatility in fourth-quarter conference calls last week, with some companies changing their plans and outlook for 2025 in the face of mounting uncertainties. Many in the sector say they may have to cut capital spending plans. If oil prices move down to $60/bbl, there will be some consequences, Baytex chief executive officer Eric Greager said. "We and many others are likely to pull back on capital activity," he said.