Analysis

  • Will Hostile Takeovers Become More Prevalent?

    There have been two recent announcements of unsolicited takeover offers in the Canadian oil and natural gas exploration and production industry, with the most recent being Husky Energy Inc. announcing its intention to acquire MEG Energy Corp.

    October 31, 2018, 7:28 AM MDT

  • Light At The End Of The Pipeline

    Western Canada has the cheapest oil prices in the world. Canadian heavy oil is selling for US$45 under WTI, light oil is selling for US$25/bbl less. The price markdowns are costing the Canadian economy over C$100 million each day.

    October 31, 2018, 7:54 AM MDT

  • Premier Notley Asleep At Locomotive’s Throttle?

    On Monday afternoon Premier Rachel Notley announced the province of Alberta will be presenting a business plan to the federal government by early next week outlining several strategies — including getting the feds to invest in locomotives and tanker cars — to support the rapid ramp up of crude-by-rail shipments as a short- to medium-term method to quell massive discounts for western Canadian oil.

    October 24, 2018, 7:07 AM MDT

  • Saudi Farce Epitomizes Canada’s Need For Energy Security

    In response to the Saudi government’s diplomatic spat with Canada in early August over some mild criticism about the country’s horrific human rights record under de facto leader Crown Prince Mohammed bin Salman (MBS), I argued the federal government should maintain the moral high ground and continue to import crude from the kingdom (see Canadian Pawn Takes King In Saudi Game Of Thrones). The Khashoggi affair has caused me to reassess this position and I now believe Canada should stop importing Saudi oil.

    October 22, 2018, 8:15 AM MDT

  • Energy Supply And The Future Of The Oil And Gas Industry

    Last month, I talked about world energy supply and demand over the next few decades, and pointed out that all credible energy forecasts show humanity using more and more energy every year — and that fossil fuels will continue to dominate energy supply at least into the 2040’s (click here to review that article).

    October 15, 2018, 6 AM MDT

  • Bravo LNG Canada, Encore, Encore

    Hallelujah! British Columbia finally caught itself an LNG export project. The first in a new global wave, and a nice big one at that.

    October 10, 2018, 6 AM MDT

  • 2018 Showing An Increase In Corporate Transactions

    There has recently been an increase in the number of large corporate transactions (valued at greater than $5.0 million) in the Canadian oil and natural gas industry.

    September 26, 2018, 7:53 AM MDT

  • Analysis: Bill C-69 — An Economy And Energy Security Killer

    The Trudeau government’s Bill C-69, currently undergoing second reading by the Senate, is one bad piece of regulatory legislation.

    September 24, 2018, 7:23 AM MDT

  • Analysis: Trump Has Canada Over The NAFTA Barrel, Maybe

    The 1994 North American Free Trade Agreement (NAFTA) sits on a razor’s edge — at least as we’ve known it as a trilateral trade agreement.

    September 7, 2018, 8:34 AM MDT

  • Analysis: Canadian Energy — Between An Economic Rock And A Progressive Hard Place

    Last week’s Federal Court of Appeal decision struck another blow to the Trans Mountain pipeline expansion project. The court quashed Ottawa’s approval, finding that the government had not adequately consulted with Indigenous communities and had not sufficiently considered the marine impacts of increased tanker traffic.

    September 6, 2018, 12 AM MDT

  • DOB Adds To Columnist Roster

    The Daily Oil Bulletin today has added to its columnist roster.

    September 6, 2018, 6:59 AM MDT

  • Analysis: Energy Supply And The Future Of The Oil And Gas Industry

    How will society actually meet its energy needs in the coming decades? 

    September 4, 2018, 7:23 AM MDT

  • Analysis: Time For Feds To Go Back To Pipeline Drawing Board

    Blame me, kinda.

    August 31, 2018, 6:01 AM MDT

  • Analysis: Time To Secure Canada’s Oil Security

    The prominent Calgary-based energy analyst Peter Tertzakian was correct to raise Canadian oil security as a serious issue and recommend construction of a west-east pipeline to alleviate this threat in recent interviews.

    August 27, 2018, 7:51 AM MDT

  • Analysis: Canadian Pawn Takes King In Saudi Game of Thrones

    Kudos to the Trudeau government for standing up to Saudi Arabian blackmail. Thousands upon thousands of Canadians paid the ultimate price during the two world wars to protect democracy and human rights, and the least our generation can do is suffer minor economic inconvenience to stand up to the repressive Saudi regime.

    August 9, 2018, 7:44 AM MDT

  • Analysis: The ‘Climate’ For Unconventional Oil And Gas Development Across Canada — Where Are We, And Why?

    Unconventional hydrocarbon development — extracting oil and gas from low-permeability reservoirs — generally requires horizontal drilling and hydraulic fracturing. 

    August 7, 2018, 6:28 AM MDT

  • Analysis: The Natural Gas Debate

    “Natural gas is a bridge to a lower carbon future; demand will grow for decades to come” asserted the debater.  Her opponent snapped back “natural gas is a bridge to nowhere. Low cost wind and solar power backed-up with batteries will replace natural gas sooner than anyone expects.”

    August 1, 2018, 3:33 AM MDT

  • Analysis: Three Scenarios For A Strait Of Hormuz Closure

    The rhetoric has been flying this week between U.S. President Donald Trump and Iranian President Hassan Rouhani. Trump as much as threatened nuclear annihilation on the Islamic Republic in a caps filled Tweet in response to Rouhani telling a gathering of diplomats in Tehran that war with Iran would be “the mother of all wars.” The U.S. president chose to ignore the second part of the Iranian president’s sentence in which he added “… and peace with Iran is the mother of all peace.”

    July 26, 2018, 7:44 AM MDT

  • Analysis: Misguided Output Forecasts Harm Canadian Oilpatch

    The Canadian Association of Petroleum Producers (CAPP) released the 2018 edition of its Crude Oil Forecast, Markets and Transportation report last month. It is a very useful report in some ways, but unfortunately the crude forecasts in these reports have long suffered from myopia.

    July 16, 2018, 7:58 AM MDT

  • Analysis: Is The ‘Shale Revolution’ Working For Oil?

    Ten plus years ago, we heard about the “Shale Revolution” — the realization that horizontal drilling and hydraulic fracturing were changing the face of the oil industry, unleashing huge new supplies of gas and oil from low-permeability (shale and tight) reservoirs. 

    July 9, 2018, 6 AM MDT

  • Analysis: Crude Oil Prices To The Stratosphere?

    There is a damned good reason international benchmark crude prices have been rocketing higher since so-called OPEC+ —  the 14 OPEC members and 10 non-OPEC countries restricting crude production since the beginning of 2017 —  agreed to raise output on June 22: a potential supply crunch late this year or early next year due to yet another misguided policy by U.S. President Donald Trump.

    July 3, 2018, 9:04 AM MDT

  • Analysis: Throw Mexico, Not Oil Industry, Under Trump Trade Bus

    There may be more prominent targets in U.S. President Donald Trump’s multi-front trade war, such as China and the European Union, but Canada and Prime Minister Justin Trudeau have recently been the primary recipients of Trump administration vitriol.  

    June 25, 2018, 7 AM MDT

  • Analysis: Canadian Oilsands Producers Continue To Keep Spending Levels Below Cash Flow

    Analysis by CanOils sheds interesting new light on the overall appetite for capital investment among Canadian producers — in the era before and after the oil price downturn — with a subset of major oilsands operators continuing to restrain investment into major new projects due to weaker Canadian oil prices caused by a lack of market access.

    June 15, 2018, 7:01 AM MDT

  • Analysis: Pipeline Aside, Here’s What The Oil And Gas Industry Really Needs To Focus On

    Whether it is limited pipeline infrastructure, price volatility or regulatory pressures, Canadian oil and gas companies continue to face a number of challenges that make it more difficult to operate in today’s environment.

    June 1, 2018, 8:25 AM MDT

  • Analysis: Alberta’s Export Ban A Bad Idea

    It was an interesting weekend.

    April 24, 2018, 7:59 AM MDT