Canada’s Gas Extraction Industry: Industrial Outlook Winter 2015
The Conference Board of Canada, 14 pages
March 12, 2015
This report examines the short-and medium-term economic and profitability outlook for Canada’s Gas Extraction Industry.
- Prices—Gas prices have fallen as a milder start to winter and high U.S.
production helped restore North American inventories to normal levels
after last year’s large drawdown.
- Oil Prices—The knock-on effects from the fall in oil prices are hurting
the return from the liquids-rich gas formations that have helped support
revenues in the low gas price environment.
- U.S. Demand—U.S. demand for Canadian natural gas has been considerably
lower in the first quarter than a year before as a milder January and
stronger U.S. production limited Canadian imports.