Myriad issues from lack of egress options to regulatory hurdles continue to dampen the competitiveness of Canada’s oil and gas sector and have contributed to increasing doubt among investors as to Canada’s attractiveness, say industry experts.
Responsible development of unconventional resources is an important Canadian issue, and will be increasingly so, which is why 30 students from universities in Alberta and Ontario are participating in a new collaborative training program — Responsible Development of Low Permeability Hydrocarbon Resources (ReDeveLoP).
The Canadian natural resources industry is undergoing enormous change. Volatile energy prices — the reality of US 55 per barrel — reduced production reliability, uncertain market access, the government’s climate change agenda, tightening environmental policy, safety, and compliance concerns along with increasing social drivers, such as social license to operate, all have resulted in industry upheaval.
Enbridge Inc. has closed its previously announced public offering of cumulative redeemable minimum rate reset preference shares, Series 19 through a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets and National Bank Financial.
Point Loma Resources Ltd. has been notified by Mackie Research Capital Corporation, the agent of Point Loma's commercially reasonable efforts short form prospectus financing of flow-through shares previously announced on Nov. 28, 2017, that following the receipt by the company of its (final) short form prospectus, the agent intends to fully exercise its over-allotment option to close concurrently with the closing of the offering, for market stabilization purposes.
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