Dan Healing
An oil and gas pumpjack is shown near Cremona, Alta., Thursday, Oct. 1, 2020. Canada s oil and gas producers are expected to maintain spending discipline in 2021 as optimism from recently stronger oil prices is offset by fears of continuing weak consumer energy demand due to new strains of the COVID-19 pandemic.THE CANADIAN PRESS/Jeff McIntosh January 27, 2021 - 12:58 PM
CALGARY - Canada s oil and gas producers are expected to maintain spending discipline in 2021 as optimism from stronger oil prices is offset by fears of weak demand due to new strains of the COVID-19 pandemic.
Big changes in spending plans are unlikely as senior members of the energy industry roll out fourth-quarter results over the next few weeks, starting with oilsands and refining giants Imperial Oil Ltd. and Suncor Energy Inc. next week, said analyst Matt Murphy of Tudor Pickering Holt and Co. on Wednesday.