Imperial Oil Limited : Net income of $392 million in the first quarter of 2021 Cash flows from operating activities of over $1 billion in the first quarter Improved financial performance across all business segments compared to the fourth quarter Highest first quarter Upstream production in 30 years, driven by record gross production at Kearl Imperial reinstates significant share purchase program with plans to .
Better pricing has natural gas sector feeling optimistic
Poll
Too strict
The mood among natural gas producers in the province is greatly improved, says the head of one major company with operations in southeast Alberta, as better pricing from last year carries into 2021.
But that’s after a rough few years of depressed prices, cost cutting and severe contraction and bankruptcies in the sector.
However, Phil Hodge at Pinecliff Energy says companies like his and others, which survived gas prices plummeting to historic lows two years ago, are more stable heading forward.
“(Pricing environment in 2020) was way better than 2019, but that was the low point,” said Hodge, whose company has major dry gas operations in the southeast corner and southwest Saskatchewan.