The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short- and medium-term economic and profitability outlooks for these industries.
Canada’s Gas Extraction Industry: Industrial Outlook, Summer 2008
Canada’s Gas Extraction Industry: Industrial Outlook, Summer 2008
Industry Economic Analysis
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- Prices—Natural gas prices have risen in sympathy with crude in the past six months. They are expected to continue this trend over the forecast period.
- Costs—Competition for labour and materials with the booming nonconventional oil industry is sending costs soaring and wreaking havoc on the bottom line for Canadian gas companies.
- Production—The growing maturity of the Western Canadian Sedimentary Basin will lead to lower production over the forecast period, until prices are high enough to encourage companies to invest in more marginal plays.
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