That leaves questions about whether and how much Canada’s oil and gas industry can be expected to grow in the year ahead.
Phil Skolnick, managing director of equity research for Eight Capital, who covers the Canadian energy markets, said prices are rising amid a complicated backdrop. “We are finding that a lot of things we thought were essential travel, aren’t essential anymore,” said Skolnick. “We’re finding out a lot can be done on Zoom.”
Indeed, the pandemic battered many oil companies’ market capitalizations, making them acquisition targets, particularly as oil prices rise.
Lol. Can’t keep it positive, eh? Spending is forecast to be way up.... it yes unknowns exist... just like the unknown lurking pandemic a year ago this time and Saudi oil price war This will be huge for our economy... far more substantial than anything the liberals could do