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Observers see rays of hope for 2021 in Canada's gloomy oil and gas sector


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. ....

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Pipeline news brightens Canada's gloomy oilpatch


Winnipeg Free Press
By: Dan Healing, The Canadian Press
Posted:
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.
Neil Roszell, CEO of Headwater Exploration, at the company s office in Calgary, Alta., Wednesday, Dec. 9, 2020.THE CANADIAN PRESS/Jeff McIntosh
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. ....

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