Canada ///

2020 Forecast - Canadian E&P

Robert Curran, Contributing Editor

Canada re-adjusts to low prices, limited access

Cost of Trudeau’s pipeline wager balloons 70% to $9.5 billion

The cost to build Justin Trudeau’s governmental oil-pipeline project just got a few billion dollars more expensive.

Canada’s biggest oil trade show reinvents itself amid new energy landscape

Every year, the Global Energy Show brings together more than 50,000 industry professionals, government officials and companies to have forward-thinking conversations about creating a prosperous and sustainable future for upcoming generations.

Coronavirus impedes Alberta’s drive to reach oil markets in Asia

The coronavirus is hampering the Canadian oil industry’s efforts to build relations with crude buyers in Asia.

Hedge fund that won big shorting U.S. shale is bullish on Canada

After big wins shorting U.S. shale, a hedge fund is turning its sights on the beaten-down Canadian oil sector.

Canadian crude weakness returns after Alberta eases output limits

Alberta’s government has loosened output limits imposed at the start of 2019 to counter a glut caused by a lack of pipeline capacity and too much oil production. Before the cuts, Western Canadian Select’s discount to WTI has grown as wide as $50 a barrel.

Canadian crude-by-rail shipments ready to surge, spurring new investment

Crude-by-rail capacity in Alberta is expected to grow by 100,000 bpd in December after the provincial government eased production limits for oil transported by train, the Energy Ministry said Wednesday.

Canadian energy shines as U.S. shale loses its luster

Canadian energy firms have quietly outperformed their U.S. counterparts this year and, even after the run, a chorus of positive outlooks on the sector to the north continues.

Canada rail strike ends, restoring shipments Wednesday morning

A week-long rail strike that halted shipments of oil and other goods across Canada, threatening to take a multibillion-dollar bite out of the economy, is over.

Encana investor blasts ‘discriminatory’ plan to flee Canada

Encana’s announcement of the planned U.S. move last month ratcheted up the gloom enveloping the Canadian oil industry and heightened anxieties about losing major domestic companies.

Shell says it’ll stay in Canada while other oil majors flee

Shell’s future in the country is largely as a natural gas producer and exporter focused on the $30 billion LNG Canada project, though the company is also committed to its local chemicals and retail businesses, Shell Canada head Michael Crothers said in an interview.

Encana picks Denver for new HQ as it decamps from Canada to U.S.

The move to Denver was widely anticipated because Suttles, a Texan, relocated his residence there in March 2018, though the company also has a major office in Houston.

When green wins, a nation’s industry suffers

Well, it has finally happened. A perfect combination of overly aggressive environmental activism, combined with fumbling by governmental authorities, has incapacitated the Canadian oil industry. (World Oil Editorial)

Encana changing its name, moving headquarters to the U.S.

"A domicile in the United States will expose our Company to increasingly larger pools of investment in U.S. index funds and passively managed accounts, as well as better align us with our U.S. peers," said CEO Doug Suttles.

Energy unease and bigger deficits in the cards for Canada under a Trudeau minority

Larger federal deficits and continued uncertainty for the energy sector are in store for Canada after Prime Minister Justin Trudeau won a second term on Monday, investors and analysts say.

Canadian heavy oil falls as Alberta crude-by-rail deal nears

Canadian heavy oil prices have weakened ahead of an anticipated announcement that Alberta will ease production limits in exchange for shipping more crude by rail.

Canadian energy stocks ‘decoupling’ from oil price movements

The days when energy stocks and the price of oil moved in lockstep are now few and far between. Oil may go up but stocks still fall, and in Canada it’s the worst divergence on record.

Alberta’s oil limits finally seem to be working

Alberta’s oil production curbs finally appear to be draining inventories, at least for now.

U.S. Oil Giants Exxon, Chevron get boost from tax cut in Canada

A corporate tax rate cut in the oil-rich province of Alberta, boosted Exxon’s second-quarter profit by almost $500 million, according to a statement Friday. Chevron noted a $180 million non-cash tax benefit from the measure in its report.

Pipelines make room to meet increased demand for Canadian crude

U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them.