Alberta drilling unlikely to grow with 2017 levels in 2018
Industry expert Gary Leach predicts 2018 drilling spending will be flat to 2017 as oil prices rise but production in Alberta remains steady. About 350 rigs operate across Western Canada but many will shut down by April, while higher oil prices could boost government revenue and stability in budgets.
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Alberta
Gary Leach
Explorers and Producers Association of Canada
Canada
Leach
Jim Groom
Medicine Hat College
United States
Groom
CP Rail seeks long contracts to move oil by rail
CP Rail tells investors it will add crude-by-rail capacity only with multi-year take-or-pay commitments from shippers. CEO Keith Creel notes pipelines may render oil-by-rail growth temporary, while CFO Nadeem Velani says shipments have doubled year over year with more resources. Cenovus Energy's Alex Pourbaix supports multi-year deals to boost volumes and returns.
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Calgary
Canadian Pacific Railway
Canada
Nadeem Velani
Cibc World Markets
Whistler
B.C
Keith Creel
CP Rail
Velani
Cenovus Energy Inc
Alex Pourbaix
U S farmers push NAFTA talks in Montreal
Pro trade group Farmers for Free Trade led U S farmers in Montreal as the sixth NAFTA round pressed on at a hotel. They urged quicker resolution amid Canada dairy and supply management concerns while noting EU and TPP deals show compromises are possible.
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Montreal
Canada
Donald Trump
NAFTA
Farmers For Free Trade
U.S. Agriculture
Darcl Vetter
European Union
Vetter
TPP
United States
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