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Things are looking slightly more promising for western Canadian natural gas producers in 2020 compared to the doldrums of the past few years as AECO fundamentals and egress options are improving, say some industry analysts.
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After a tumultuous and volatile first half of 2019, global benchmark crude oil prices generally settled into a more stabilized range which should continue in 2020 with the caveat being potential market disruptions associated with geopolitical events and risk, say analysts contacted by the Bulletin.
January 14, 2020, 12 AM MST
When the calendar turned last Jan. 1 the Alberta oilpatch was in a world of hurt as issues that included historically wide differentials, continued delays of much needed egress solutions and the Alberta government’s implementation of mandatory production cuts severely dampened industry optimism and uncertainty was rampant.
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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.
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