Alberta has spent a long time hiding in the shadow of the shale boom of the US, but coming out of 2020, we're seeing some very positive news!
Here is an article many of us have been waiting for with a somewhat positive outlook on the continuing need and demand for the Alberta Oilsands. It appears investors are “bullish” on this investment opportunity! Does this mean the stage is starting to set for another energy boom in Alberta...?
Read the full article: 'We are very bullish': Oilsands win Wall Street favour after years in shale's shadow
Some highlights include:
- Improved cost structures and increased propensity for capital discipline mean Canadian producers have a greater ability to generate free cash flow
- Declining competition from Mexico - forecasted to drop by 70% over the next three years
- The start of construction for three pipelines to combat the years of insufficient shipping capacity
