In October, the price of West Texas Intermediate (WTI) crude was US$70 a barrel (bbl) and we wrote a positive commentary about energy markets. The price subsequently climbed a few dollars higher but has since fallen to US$56/bbl (at the time of writing this commentary on November 13, 2018). So, what happened?
Bob Lyon's blog
It was a big week in Canada’s energy markets as Husky announced a hostile $3.3 billion bid for MEG Energy, the massive liquefied natural gas (LNG) export project, LNG Canada, received approval from project partners, and oil prices approach levels not seen since late 2014.
The Alberta NDP campaigned during the recent provincial election on several issues that are not particularly constructive for the oilpatch. A few of the party’s key platform items that directly affect energy companies include: