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Uncertainty grips Alberta oil firms amid finance squeeze
Alberta oil and gas juniors face limited capital as banks cut lending and investor appetite dwindles. Gary Leach of the SEPA Canada notes high financing hurdles, asset devaluation, and a looming 2009 downturn, despite government incentives to spur new drilling and ripple spending across rural Alberta.
MENTIONED IN THIS ARTICLE
North America
Alberta
Gary Leach
Small Explorers and Producers Association of Canada
Leach
U.S