Better pricing has natural gas sector feeling optimistic
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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.