Analysis

  • Opinions On Energy And Environment In Canada Part 2: Divisions Exist, But Canadians And Energy/Environment Leaders Aren’t Necessarily Polarized

    Seeing the protests in support of the Wet’suwet’en hereditary chiefs opposed to the Coastal GasLink pipeline, you might think the country is hopelessly polarized over energy and environment. Canadians’ views on oil and gas development, pipelines, Indigenous rights and climate action seem ever-more divergent. So do those of energy and environmental leaders.

    February 18, 2020, 3:54 AM MST

  • Danger Of An Anti-Fracking U.S. President

    Results from the Democratic Party’s presidential caucus in Iowa may be muddled, but it is crystal clear that two of the front runners for the nomination, Senators Bernie Sanders and Elizabeth Warren, will do all in their power to shut down the U.S. shale industry if they become president.

    February 10, 2020, 12 AM MST

  • Introduction To 3-Part Series: Opinions On Energy And Environment In Canada: A Positive Path Forward Is Possible

    There is mounting concern in Canada about conflict over energy and environmental issues. It is easy to get caught up in the whirlwind of conflict and see division everywhere — some days it seems like warring politicians, angry protests and social media fights are the only game in town.

    February 4, 2020, 4:56 AM MST

  • Part 1: Canadians Not As Divided As Many Believe:  Emerging Consensus On Oil And Gas, Climate And The National Interest

    As Parliament resumes in Ottawa this week, differences between the parties over energy and environmental issues are sure to hit the headlines and erupt on social media. Judging by these debates, Canadians’ views on things like carbon taxes, pipelines and oil and gas development are increasingly divergent.

    February 4, 2020, 4:57 AM MST

  • Sayer’s Outlook For 2020 M&A Activity

    Sayer Energy Advisors’ annual outlook and forecast of forthcoming mergers and acquisitions (“M&A”) activity in the oil and natural gas industry will outline our predictions for 2020.

    January 29, 2020, 6 AM MST

  • We Need To Talk About Energy Policy – And Climate Change

    The media wars — mainstream media, social media, blogs, and others — continue to heat up over energy policy and climate change, and Canada is in the heart of the battle.

    January 29, 2020, 12 AM MST

  • Is Libya Rope-A-Doping Global Oil Market?

    Market players have been extremely blasé about the large disruption to Libyan oil output since January 19, with the price of international marker Brent crude actually dropping more than two dollars a barrel.

    January 27, 2020, 9:39 AM MST

  • Big Questions For 2020

    As we flip the calendar into the new year and a new decade, it’s a good time to pause and think about what the next 12 months and beyond may hold in store for the oil and gas industry. Here are some of the big questions that are front of mind as we start the new year.

    January 8, 2020, 8:39 AM MST

  • Soleimani’s Death Increases Probability Of Another Oil Shock

    The assassination of Iranian Quds Force commander Qasem Soleimani was a brilliant move by the Trump administration, if its goal is regime change.

    January 8, 2020, 10:40 AM MST

  • Does The ‘Green Economy’ Offer New Jobs And Opportunity For Western Canada?

    Proponents of a transition to a new, “green” economy like to promote wonderful new business and employment opportunities that will arise as we abandon fossil fuels to power humanity with solar, wind, biomass and the like.

    December 17, 2019, 12 AM MST

  • A Crude Oil Price Surprise For 2020?

    Saudi Arabia rode to the rescue of crude oil prices yet again by pushing through 500,000-bbl-day of additional output cuts for the first quarter of next year. This was reportedly after putting the price war gun to the heads of fellow OPEC+ members, especially laggards to the previous production pact such as Iraq, Nigeria and Russia.

    December 16, 2019, 6 AM MST

  • Loss Of Innovation Funding Has Ripple Effects Well Beyond Research Labs

    In the Alberta budget released Oct. 24, 2019, the provincial government announced that it will eliminate the Alberta tax credit component of the Scientific Research & Experimental Development (SR&ED) program for expenditures incurred after Dec. 31, 2019.

    December 2, 2019, 8:51 AM MST

  • Are Flow-Through Share Financings Heading Toward Extinction?

    The total amount of equity raised through flow-through share equity financings to date in 2019 in the Canadian oil and natural gas industry, as illustrated in the graph below, is approximately $67 million, down 43 per cent from the $118 million completed in 2018 and 74 per cent lower than the $258 million raised in 2016.

    November 27, 2019, 7:48 AM MST

  • Should We Keep Investing In Canada’s Oil And Gas Industry?

    There’s a lot of discouraging news around the oil and gas industry these days. It’s under siege from activists, governments, and even investors.  Is there any smart money left in the industry, and is there a case to be made for new investment?

    November 18, 2019, 12 AM MST

  • Encana Domicile Move Wake-up Call For New Trudeau Government?

    The Canadian flag is flying at half-mast in Calgary with Encana Corporation’s Oct. 31 announcement that it is planning to domicile in the U.S. and change its name to Ovintiv Inc.

    November 11, 2019, 12 AM MST

  • The Fiscal Pulse Of Canada’s Upstream Oil And Gas Industry

    What is the fiscal health of the Canadian oil patch this year? It is a mixed diagnosis. While commodity prices, equity values and capital spending are weak, some of the key industry metrics — revenue and cash flow — are still relatively healthy at first glance.

    November 5, 2019, 6 AM MST

  • Assets For Sale Value More Than Doubles Year Over Year

    The amount of Canadian oil and natural gas assets available for sale currently is more than double the value versus the same time last year.

    October 30, 2019, 6 AM MDT

  • Oil Industry Could Prosper Despite Trudeau Minority Government

    Prime Minister Justin Trudeau and his Liberal party may have won a strong minority mandate on Oct. 21, following four-years of majority rule, but this does not mean the sky will continue to fall for the western Canadian oil and gas industry. It partly depends on how Trudeau decides to secure majority votes in the House of Commons, and to a greater degree whether the massive Indigenous-led Eagle Spirit Energy Corridor project moves forward.

    October 23, 2019, 8:52 AM MDT

  • Majority Rules: Unless It’s A Minority: Forrest

    Canadians have spoken, voting in a Liberal minority government on Oct. 21. As the name implies, minority governments have less power since they need to collaborate with other parties to pass legislation.

    October 23, 2019, 9:03 AM MDT

  • New Liberal Government Needs To Move From Division To Unity

    Former prime minister Kim Campbell famously said that elections are no time to discuss serious issues. She was roundly critiqued for the statement, but looking at energy and environment in the federal election you can understand what she was getting at.

    October 22, 2019, 9:25 AM MDT

  • Invest In Mexican Oil Industry At Own Risk

    Since gaining power in December 2018, Mexican President Andres Manuel Lopez Obrador — nicknamed AMLO — has made it clear through actions and rhetoric that he is no fan of his predecessor’s energy reform.

    October 16, 2019, 7:28 AM MDT

  • The Future Of International Oil And Gas Exploration

    While conventional oil and gas exploration has declined precipitously in Canada, it’s still alive and well around the world. Isn’t it?

    October 8, 2019, 4:06 AM MDT

  • Unlikely Allies In The Oil Patch

    How a renewable energy warrior and an oil sands entrepreneur met in the radical middle to go beyond polarizing narratives.

    October 7, 2019, 6:43 AM MDT

  • Drone Revolution Threatens Eastern Canadian Oil Imports

    The precedent set by the extremely successful drone and cruise missile attack on Saudi Arabia’s Abqaiq oil processing plant and Khurais oilfield on Sept. 14 has tremendous implications for eastern Canadian oil security.

    September 30, 2019, 7:44 AM MDT

  • Are Share Buy-Backs Impeding M&A Activity?

    There has been a recent wave of announcements made by publicly-traded oil and natural gas companies related to share buy-backs. This is unusual, in that until recently, buying back stock has not been a significant use of capital in the Canadian energy industry.

    September 25, 2019, 9:53 AM MDT