Canada’s oil and gas industry recovery will take two years, analysts say
Oil pumpjack, Alberta. Stock image.
Oil prices may have recovered to pre-pandemic levels, but for Canada’s oil and gas industry, recovering from what was arguably the worst year in its history is going to take a couple of years, analysts say.
The International Energy Agency (IEA) estimates global demand for petroleum products won’t be back to pre-pandemic levels until 2023 and may never return to “normal.”
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By then, Alberta oil producers should have a new outlet for their product through Vancouver and the Trans Mountain pipeline expansion, which has a scheduled in-service date of December 2022. Two or three years later, the LNG Canada plant in Kitimat is expected to begin shipping its first liquefied natural gas (LNG) exports.
How to Evaluate Stable Value Funds
Speakers during a Broadridge webinar discussed steps to evaluate the instruments, as well as what elements plan sponsors should consider.
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When performing due diligence during the selection of stable value funds, it is important to cover four main areas, said Matt Curtin, sales director, MetLife Stable Value Investments, during a Broadridge webinar, “Enhancing Your Stable Value Product Due Diligence.”
Plan sponsors should consider performance, historical gross crediting rates versus a peer median, historical market to book ratios versus a peer median, and expenses (share class versus a peer median), he said.
When it comes to performance, it is customary to look at three-month, year-to-date, one-year, three-year, five-year and 10-year performances, Curtin said.