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Dan Healing
Neil Roszell, CEO of Headwater Exploration, at the company s office in Calgary, Alta., Wednesday, Dec. 9, 2020.THE CANADIAN PRESS/Jeff McIntosh December 20, 2020 - 7:00 AM
CALGARY - The sombre mood that has gripped the Calgary-based oilpatch for several years is starting to show flickers of hope, with more financially secure companies making moves to grow in 2021.
Recent export pipeline news is offsetting the ongoing reality of volatile commodity prices, general investor distaste for the sector and regulatory uncertainty and leading to more mergers and targeted increases in capital spending plans, observers say. The oilpatch has changed again. I think it s changed forever in a few fashions, said veteran oilman Neil Roszell, CEO of newly created Headwater Exploration Inc., in an interview.
Observers see rays of hope for 2021 in Canada s gloomy oil and gas sector
by Dan Healing, The Canadian Press
Posted Dec 20, 2020 10:00 am EDT
Last Updated Dec 20, 2020 at 10:12 am EDT
CALGARY The sombre mood that has gripped the Calgary-based oilpatch for several years is starting to show flickers of hope, with more financially secure companies making moves to grow in 2021.
Recent export pipeline news is offsetting the ongoing reality of volatile commodity prices, general investor distaste for the sector and regulatory uncertainty and leading to more mergers and targeted increases in capital spending plans, observers say.
“The oilpatch has changed again. I think it’s changed forever in a few fashions,” said veteran oilman Neil Roszell, CEO of newly created Headwater Exploration Inc., in an interview.
Dec 20, 2020 8:00 AM
CALGARY The sombre mood that has gripped the Calgary-based oilpatch for several years is starting to show flickers of hope, with more financially secure companies making moves to grow in 2021.
Recent export pipeline news is offsetting the ongoing reality of volatile commodity prices, general investor distaste for the sector and regulatory uncertainty and leading to more mergers and targeted increases in capital spending plans, observers say.
“The oilpatch has changed again. I think it’s changed forever in a few fashions,” said veteran oilman Neil Roszell, CEO of newly created Headwater Exploration Inc., in an interview.
“Definitely different dynamics. I don’t think we’re ever going to see one hundred small companies active again in Western Canada.”