2012 Forecast: Canada keeps the emphasis on liquids ///
Stability has always been something that producers crave. On the oil side, prices have been both stable and bullish. But the type of stability that industry has seen on the natural gas side of the equation must make even the most optimistic company question whether it’s worth it. On top of that, industry must deal with increasing political interest, and influence, over its business. The production and shipping of oil has become a political hot potato.
Other indicators of the industry’s health paint a conflicting picture, as well. As gas prices fell to a 12-year low, land sale revenue hit a new all-time high in 2011. Drilling was steady, but a lack of skilled workers is limiting growth opportunities. The strong Canadian dollar continues to hamper export revenues.
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