Contact us at (403) 209-2248 or help@ncca.co

The oil investment exodus out of Canada

The oil investment exodus out of Canada

The oil investment exodus out of Canada

Source: The Fraser Institute
Author: Kenneth P. Green

A recent report by ARC Financial Corporation notes that investment spending in the oil and gas sector has been reduced to “legacy spending,” with nominal capital expenditures for conventional oil producers as low as it was in the mid-1990s, while capital expenditures in the oilsands sector are driven by several late-stage projects expected to be completed by 2018.

Statistics Canada also has gloomy news about investment intentions for the coming year in the oil and gas sector, reporting that capital spending is expected to decline by 12 per cent in 2018, the fourth consecutive annual decline since 2014. The largest impact of that decline in spending is expected to be in Alberta, where it is also expected to decline by 12 per cent or $22.5 billion.

Click here to read the full article.

 

 

0 Comments

Leave a reply