A Perspective on Canada s Upstream Oil & Gas Sector
|
|
- Branden Rodgers
- 5 years ago
- Views:
Transcription
1 A Perspective on Canada s Upstream Oil & Gas Sector 2010 Edmonton Real Estate Forum May 4, 2010 Dave Collyer President, Canadian Association of Petroleum Producers
2 Presentation Outline Current business environment Industry activity overview Natural gas business outlook Crude oil business outlook CAPP Priorities Summary
3 Business Environment
4 Global Energy Outlook Significant energy demand growth: Population, standards of living Need all forms of energy: Increasing role for renewables Continuing reliance on hydrocarbons (predominant energy supply source) Increasing role for nonconventional crude oil & natural gas Environmental challenges Technology is a key lever for sustainable growth Quadrillion BTU Other Nuclear Coal World Energy Demand EIA International Energy Outlook 2009 Natural Gas Liquids
5 Crude Oil and Natural Gas Prices Crude Oil Prices (WTI NYMEX) $US per barrel Natural Gas Prices (AECO Daily Spot Price) $Cdn/mcf '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 ' '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10
6 Payments to Governments by Upstream Oil and Gas Sector Municipal Taxes Bonus & Rentals Provincial Income Taxes Federal Income Taxes Crown Royalties Billion dollars E
7 Industry Activity Overview
8 Western Canadian Land Sales: Year-to-Date Bonus Bids $ billions Alberta British Columbia Saskatchewan
9 Total Wells Drilled in Western Canada F 2010F Alberta 11,150 5,570 7,300 28,000 Dry/Susp. British Columbia Saskatchewan 3,870 1,580 2,175 24,000 20,000 Gas Oil 2007 = 18,000 Manitoba , = 16,100 12,000 8,000 4, F = 8, F = 10,500 Oil wells ~40% of total completions Previous high in last ten years was 30% E 2010F Source CAPP. Based on Rig Release
10 Industry Capital Spending Cdn $billions Northern Canada 08 `09E 10F $0.4 $0.5 $0.5 Oil & Gas Investment Spending: 2008: $54 billion 2009: $35 billion (estimate) 2010: $42 billion (forecast) Oil Sands 08 `09E 10F $18 $11 $13 Note: Spending in Canada excludes spending associated with mergers & acquisitions WCSB 08 `09E 10F $34 $22 $26 `08 `09E 10F AB $21 $13 $15 BC $7.9 $6 $7 SK $4.8 $3 $4 East Coast Offshore `08 `09E 10F $1.3 $1.5 $2.5
11 Capital Investment in Alberta Oil Sands Conventional $ billions est frcst.
12 Opportunities in Alberta Crude Oil Unconventional oil - tight oil resources Enhanced oil recovery in mature fields - CO2, polymer Oil Sands Global scale and global focus Mining and drillable Natural Gas Conventional natural gas remains important Unconventional natural gas - shale gas, coal bed methane
13 Why is it Important? Benefits to Albertans of investment by the oil and gas industry:..$1 in investment generates $3 in value creation for Albertans Attract Capital Increases Standard of Living Jobs Taxes and Royalties Investment New Businesses
14 Natural Gas
15 Alberta Natural Gas Production WCSB Field Receipts: bcf/d bcf/d bcf/d billion cubic feet per day Sept was lowest gas production since mid Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: FirstEnergy Capital
16 N.A. Natural Gas Supply Outlook Shale gas supply a gamechanger Technology breakthroughs New producing regions Emerging stakeholder environmental concerns (footprint, water) Shifting S/D dynamic
17 Western Canada Resource Plays Source: TransCanada
18 Unconventional Natural Gas Technology - Horizontal Wells, Multi-Stage Fractures Source: Alberta Venture
19 Canadian Natural Gas Production Forecast 20 Previous Forecast 15 Billion cubic feet/day 10 5 Mackenzie Valley* Nova Scotia Offshore BC Horn River BC Montney Coalbed Methane Conventional Gas Assumes a price that renders production economic * Subject to commercial and regulatory approval Source: CAPP
20 Implications & CAPP Response Implications Emerging supply and demand imbalance in North America Pressure on competitiveness and basin economics in Western Canada Pipeline utilization issues: lower volume = higher toll Availability of new infrastructure: right place, right time Increasing focus on offshore exports CAPP Response A key driver in the Alberta Competitiveness Review Proactive efforts on pipeline settlements and rates Ongoing focus on alignment of supply and pipeline capacity.increasing focus on offshore markets Canadian Natural Gas Initiative
21 Crude Oil
22 Global Crude Oil Reserves by Country Includes 170 billion barrels of oil sands reserves World Oil Reserves State owned or controlled Accessible Oil Reserves Canada s Oil Sands 53% billion barrels Accessible Other Accessible Other Accessible Reserves Reserves 47% Saudi Arabia Canada Iran Iraq Kuwait VenezuelaAbu Dhabi Russia Libya Nigeria Kazhakhstan United States Source: Oil & Gas Journal Dec. 2008
23 Canadian Crude Oil Production Outlook Total Canadian Oil Production
24 Western Canadian Oil Production
25 Oil Sands GHG Emissions In Context
26 Oil Sands Communications Information/Education English, French, Norwegian, and German Information on environment, economics and energy Real examples of technology Websites Social Media Facebook, Twitter Come See For Yourself videos Website Youtube
27 Short Term Outlook for Crude Oil The Opportunity: Improving economy reviving projects - stronger oil prices and lower costs Projects under construction: Imperial Kearl Lake Shell Jackpine and Shell Upgrader (including Quest CCS project) Projects re-activated: Suncor Firebag Phases 3 and 4 Devon Jackfish Phase 3 application in 2010 Cenovus Christina Lake application for phases E, F, G ConocoPhillips/Total Surmount phase 2 Husky/BP Sunrise phase 1 Oil sands attracting foreign investment Enhanced Oil/Tight Oil opportunities: Technology-enabled plays such as the Bakken, Cardium and Viking attracting increasing interest (multi-frac horizontal wells) The Challenges: Potential for return of upward cost pressures Environmental performance Opposition to oil sands development..the off hydrocarbons agenda Developing offshore markets
28 CAPP Priorities
29 2010 CAPP PRIORITIES THE BIG 4 Alberta Competitiveness Review Fiscal Regulatory Industry Reputation: (Performance + Communications) x Time Alberta is Energy (also B.C. & Saskatchewan) Canadian Natural Gas Oil Sands Performance and Communications Responsible Canadian Energy Environment Policy & Regulation Pipeline Tolls
30 Summary
31 Summary Oil & Gas Sector Outlook Near term remains challenging: Emerging from economic downturn.but not out of the woods yet Crude oil outlook more encouraging; natural gas less certain Public expectations of industry/gov t continue to increase Ongoing opposition from ENGOs, other stakeholders Fundamentals sound for medium to longer term: Very large resource base (oil and gas) Canadian industry track record and capability Reliable supplier with good market access Industry leadership: Investing to create jobs & economic growth across Canada Environmental performance supported by strict regulations Developing / deploying technology as a key lever (environment & supply) Addressing public perception of industry Constructive engagement in public policy & regulation Require a balanced 3E approach to public policy
The Outlook for Canada s Oil and Gas Sector. Calgary Real Estate Forum October 21, 2009
The Outlook for Canada s Oil and Gas Sector Calgary Real Estate Forum October 21, 2009 Canada s Oil and Gas Impact on Alberta The oil and natural gas continues to drive almost ½ of the Alberta economy
More informationBen Brunnen, Vice President, Oil Sands January 19, Upstream Oil and Gas Industry Outlook Presentation to Alberta s Industrial Heartland
Ben Brunnen, Vice President, Oil Sands January 19, 2017 Upstream Oil and Gas Industry Outlook Presentation to Alberta s Industrial Heartland 2 About CAPP and Canada s Oil and Gas Industry Large and small
More informationOffshore Oil & Gas: Is Newfoundland & Labrador Getting its Fair Share?
Offshore Oil & Gas: Is Newfoundland & Labrador Getting its Fair Share? Brian Maynard, Vice-President, CAPP Harris Centre of Regional Policy and Development St. John s, NL November 15, 2006 Canadian Association
More informationKey Priorities and Challenges for Canadian Oil
Key Priorities and Challenges for Canadian Oil Canadian Heavy Oil Association April 15, 2013 Greg Stringham 1 Photo: Cenovus Enabling Responsible Development 2 Global Primary Energy Demand 20,000 18,000
More informationAlberta s s Energy Industry will the growth continue?
Alberta s s Energy Industry will the growth continue? Marcel Coutu President, Chief Executive Officer Canadian Oil Sands Limited, Manager of Canadian Oil Sands Trust O C T O B E R 2 4, 2 0 0 7 Forward-looking
More informationCanada s Oil Sands An Overview
Canada s Oil Sands An Overview SCIJ Conference - Lake Louise Alberta February 7, 2011 Dave Collyer President, Canadian Association of Petroleum Producers Global Primary Energy Demand Significant energy
More informationUpstream Oil and Gas Industry Outlook
Upstream Oil and Gas Industry Outlook Ben Brunnen November 3, 2015 Presentation to the Petroleum Services Association of Canada (PSAC) 2 Overview About Canada s Oil & gas industry Economic Context Competitiveness
More informationFREQUENTLY USED STATISTICS Economics
Economics CAPP references several third party sources to measure industry s economic performance and impact on the Canadian economy, and updates the data annually. CAPITAL INVESTMENT Data is updated annually.
More informationCanadian Oil & Gas Industry: 2015 Fiscal and Economic Priorities
Canadian Oil & Gas Industry: 2015 Fiscal and Economic Priorities Presentation to the Canadian Petroleum Tax Society October 30, 2014 Ben Brunnen 1 Overview About Canada s Oil & gas industry Trends Confronting
More informationEconomic Outlook for Canada s Energy Sector. Saskatchewan Oil and Gas Supply Chain Forum November 17, 2015
Economic Outlook for Canada s Energy Sector Saskatchewan Oil and Gas Supply Chain Forum November 17, 2015 1 Outline CAPP Who we are Economic Outlook Capital investment Oil and Gas Prices Production and
More informationCOQG and CCQTA Joint Industry Meetings. Canada s Crude Oil Outlook
COQG and CCQTA Joint Industry Meetings Canada s Crude Oil Outlook June 24-25, 2008 Calgary, Alberta Barry Lynch Manager, Oil Markets & Pipelines Canadian Association of Petroleum Producers 140 producer
More informationThe Canadian Oil and Natural Gas Industry. Competitive Considerations in CO 2 EOR
The Canadian Oil and Natural Gas Industry Competitive Considerations in CO 2 EOR Canada s Crude Oil and Natural Gas Industry! World s 3rd largest natural gas producer! World s 13th largest crude oil producer!
More informationCanada s Oil & Natural Gas. Market Access The Key to Future Growth. Enabling Responsible Development. Calgary Real Estate Forum October 29, 2013
Canada s Oil & Natural Gas Market Access The Key to Future Growth Calgary Real Estate Forum October 29, 2013 Enabling Responsible Development 2 Canadian Oil Sands Source: Cenovus Global Crude Oil Reserves
More informationCanada s Oil & Natural Gas. Market Access The Key to Future Growth. Calgary Real Estate Forum October 29, 2013
Canada s Oil & Natural Gas Market Access The Key to Future Growth Calgary Real Estate Forum October 29, 2013 Enabling Responsible Development Energy Markets Environment Benefits 2 Canadian Oil Sands Source:
More informationCanada s Oil Sands. Valve Manufacturers Association Orlando, Florida October 14 th, Martyn Griggs Manager Oil Sands, CAPP
Canada s Oil Sands Valve Manufacturers Association Orlando, Florida October 14 th, 2011 Martyn Griggs Manager Oil Sands, CAPP Canadian Association of Petroleum Producers Presentation Outline Global & U.S.
More informationImportance of NAFTA to US and Canadian oil & gas companies
Importance of NAFTA to US and Canadian oil & gas companies Enercom Energy Investment Conference Dallas, TX February 22/2018 Delon Chan Consul & Trade Comissioner Consulate General of Canada in Texas Topics
More informationProvince of Alberta Investor Meetings Asia October Stephen J. Thompson, CFA Executive Director, Capital Markets Treasury Board and Finance
Province of Alberta Investor Meetings Asia October 2018 Stephen J. Thompson, CFA Executive Director, Capital Markets Treasury Board and Finance Alberta, Canada Canada 10th largest economy and 9th least
More informationInnovation in the Oil Sands Industry
Canada s s Oil Sands Innovation in the Oil Sands Industry Canadian Association of Petroleum Producers February 10, 2012 The Global Energy Spotlight on Canada Environment Resource Investment Jobs 2 Oil
More informationOil Sands Supply Outlook Potential Supply and Costs of Crude Bitumen and Synthetic Crude Oil in Canada,
Oil Sands Supply Outlook Potential Supply and Costs of Crude Bitumen and Synthetic Crude Oil in Canada, 2003-2017 Breakfast Seminar March 10, 2004 1 Agenda Introduction Study Conclusions Overview of Alberta
More informationA Current Outlook for Oil Sands Development
Canadian Energy Research Institute A Current Outlook for Oil Sands Development Dinara Millington VP, Research Canadian Energy Research Institute October 1, 2015 1 Canadian Energy Research Institute Overview
More informationINVESTOR PRESENTATION. September 2018
INVESTOR PRESENTATION September 2018 FORWARD LOOKING STATEMENTS This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These
More informationSaskEnergy Commodity Rate 2011 Review and Natural Gas Market Update
SaskEnergy Commodity Rate 2011 Review and Natural Gas Market Update The following is a discussion of how SaskEnergy sets its commodity rate, the status of the natural gas marketplace and the Corporation
More informationPHOENIX ENERGY MARKETING CONSULTANTS INC. HISTORICAL NATURAL GAS & CRUDE OIL PRICES UPDATED TO July, 2018
Jan-01 $12.9112 $10.4754 $9.7870 $1.5032 $29.2595 $275.39 $43.78 $159.32 $25.33 Feb-01 $10.4670 $7.8378 $6.9397 $1.5218 $29.6447 $279.78 $44.48 $165.68 $26.34 Mar-01 $7.6303 $7.3271 $5.0903 $1.5585 $27.2714
More informationThe Oil Sands: What is Needed to Realize the Potential?
The Oil Sands: What is Needed to Realize the Potential? National Buyer/Seller Forum March 25-27, 2008 Edmonton, Alberta Bob Dunbar Strategy West Inc. 1 Photo Source: Syncrude Canada Limited Presentation
More informationTSX:CFW. CALFRAC WELL SERVICES LTD. Investor Presentation January 2017
TSX:CFW CALFRAC WELL SERVICES LTD. Investor Presentation January 2017 Forward Looking Statement Certain information contained within this presentation and statements made in conjunction with this presentation
More information2011 LDC Gas Forum Canada / IGUA
2011 LDC Gas Forum Canada / IGUA Tony Straquadine Manager, Government Affairs Forward looking statements and information Certain information contained in this presentation, including use of the words anticipate,
More informationOverview of British Columbia s Infrastructure Royalty Credit Program
Overview of British Columbia s Infrastructure Royalty Credit Program TOPICS 1. BC's Oil and Gas Resources, Competitiveness and Royalty Programs 2. BC's Infrastructure Royalty Credit Program Objectives
More informationThe Oil Supply Outlook in the New Oil Price Environment: The Long and Short Term Investment Cycles
The Oil Supply Outlook in the New Oil Price Environment: The Long and Short Term Investment Cycles Bassam Fattouh Oxford Institute for Energy Studies OIES OIL DAY, ST CATHERINE'S, OXFORD, NOVEMBER 17 215
More informationOil Sands Outlook: How will the Challenges Facing the Industry affect Growth?
Oil Sands Outlook: How will the Challenges Facing the Industry affect Growth? 29 Global Petroleum Conference June 9-11, 29 Calgary, Alberta Bob Dunbar Strategy West Inc. 12-1 Photo Source: Syncrude Canada
More informationCanada s Oil Sands: Production Outlook and Economic Impacts
Canadian Energy Research Institute Canada s Oil Sands: Production Outlook and Economic Impacts Dinara Millington Canadian Energy Research Institute EMD / SEG / DEG Oil Sands and Heavy-Oil Workshop June
More informationKey Companies Active in Alberta Oil Sands
Key Companies Active in Alberta Oil Sands Crystal Roberts / Kirill Abbakumov CS Calgary - December 2014 Alberta Oil Sands Overview The oil sands comprise more than 98% of Canada s 173 billion barrels of
More informationINVESTOR PRESENTATION. July 2018
INVESTOR PRESENTATION July 2018 FORWARD LOOKING STATEMENTS This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These forward-looking
More informationKey Economic Challenges Facing the Canadian Oil Sands Industry
Key Economic Challenges Facing the Canadian Oil Sands Industry 5 th Annual Canadian Oil Sands Summit Insight Information January 16-17, 28 Calgary, Alberta Bob Dunbar Strategy West Inc. 1 Photo Source:
More informationINVESTOR PRESENTATION. January 2019
INVESTOR PRESENTATION January 2019 FORWARD LOOKING STATEMENTS This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These
More informationMANAGEMENT S DISCUSSION AND ANALYSIS FOR THE PERIOD ENDED SEPTEMBER 30, 2017
MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE PERIOD ENDED SEPTEMBER 30, 2017 WHERE TO FIND: OVERVIEW OF CENOVUS... 2 FINANCING THE ACQUISITION... 4 QUARTERLY HIGHLIGHTS... 5 OPERATING RESULTS... 6 COMMODITY
More informationAlberta s Energy Resources
Alberta s Energy Resources Alberta Department of Energy Government of Alberta February 2014 Economics & Markets Outline Overview of Global Economic Trends (crude oil and natural gas) How is Alberta positioned
More informationMacroVoices Oil Discussion: OPEC Can t Fix The Problem of Low Oil Prices
MacroVoices Oil Discussion: OPEC Can t Fix The Problem of Low Oil Prices Art Berman November 30, 2016 Slide 1 Overview: OPEC Can t Fix The Problem of Low Oil Prices OPEC may reach some agreement today
More informationALBERTA OIL SANDS: THE FACTS
ALBERTA OIL SANDS: THE FACTS Oil sands are comprised of grains of sand surrounded by a film of water and bitumen. Bitumen, a heavy and viscous oil, is solid in colder temperatures IN 209, THE WORLD IS
More informationTHE OIL, GAS AND OFFSHORE INDUSTRY IN CANADA
THE OIL, GAS AND OFFSHORE INDUSTRY IN CANADA Fact Pack Swedish Trade Council in Canada September 2007 LIST OF ACRONYMS The acronyms that have been used throughout this Fact Pack are: TBO = Trillion Barrels
More informationCANADIAN OIL SANDS AND CONVENTIONAL OIL AND GAS PRODUCTION FORECAST, SUPPLY COSTS AND EMISSIONS
CANADIAN OIL SANDS AND CONVENTIONAL OIL AND GAS PRODUCTION FORECAST, SUPPLY COSTS AND EMISSIONS Allan Fogwill, CEO Canadian Energy Research Institute June 2018 Relevant Independent Objective www.ceri.ca
More informationINVESTOR PRESENTATION. November 2018
INVESTOR PRESENTATION November 2018 FORWARD LOOKING STATEMENTS This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These
More informationB.C. Tax Competitiveness. Expert Panel on Tax. Province of British Columbia
B.C. Tax Competitiveness Expert Panel on Tax Province of British Columbia Introduction The Canadian Association of Petroleum Producers (CAPP) is the voice of Canada s upstream petroleum industry, representing
More informationProvince of Alberta Investor Meetings London June Lowell Epp Assistant Deputy Minister, Treasury and Risk Management
Province of Alberta Investor Meetings London June 2018 Lowell Epp Assistant Deputy Minister, Treasury and Risk Management Alberta, Canada 10th largest economy and 9th least risky country in the world (1)
More informationLooking Ahead on Oil & Gas
Looking Ahead on Oil & Gas Art Berman NACE Investor Speaker Luncheon Palm Beach Gardens, Florida March 16, 217 Slide 1 Oil Prices Fell Below $5 Floor Last Week: Deflation of the OPEC Expectation Premium
More informationCOMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET
COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET AN INTERNATIONAL ENERGY FORUM PUBLICATION NOVEMBER 2018 RIYADH, SAUDI ARABIA NOVEMBER 2018 SUMMARY FINDINGS FROM A COMPARISON OF DATA AND FORECASTS
More informationINVESTOR PRESENTATION. April 2019
INVESTOR PRESENTATION April 2019 FORWARD LOOKING STATEMENTS This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These forward-looking
More informationSpot AECO $Cdn/GJ. 1 2 Daily Index Values; Rolling 12-Month History. Indexed to 12 Months Ago 150. $US/$Cdn $0.85 $0.80 $0.75
October, 1 Chart Watch 1 A new NAFTA (USMCA) was announced ARC Energy Charts 1 Cenovus signed a rail deal to the US Gulf Coast US oil production grew MB/d in July Visit for more information on this publication
More informationAsphalt Supply 101. David C. Punnett Manager Business Development Asphalt and Fuel Supply, LLC
Asphalt Supply 101 David C. Punnett Manager Business Development Asphalt and Fuel Supply, LLC Always Consider Your Surroundings Always Consider Your Surroundings, The Sequel Gluts and disconnects Glut
More informationLDC Gas Forum Midcontinent Alliance Pipeline:
LDC Gas Forum Midcontinent Alliance Pipeline: Delivering Today / Focused on Tomorrow September 13, 2010 Tony Straquadine Government Affairs Manager Forward looking statements and information Certain information
More informationMANAGEMENT S DISCUSSION AND ANALYSIS FOR THE PERIOD ENDED MARCH 31, 2017
MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE PERIOD ENDED MARCH 31, 2017 WHERE TO FIND: OVERVIEW OF CENOVUS... 2 TRANSFORMATIONAL ACQUISITION... 3 QUARTERLY HIGHLIGHTS... 4 OPERATING RESULTS... 4 COMMODITY
More informationST98: 2017 ALBERTA S ENERGY RESERVES & SUPPLY/DEMAND OUTLOOK. Executive Summary.
ST98: 2017 ALBERTA S ENERGY RESERVES & SUPPLY/DEMAND OUTLOOK Executive Summary ST98 www.aer.ca Executive SummARY The Alberta Energy Regulator (AER) ensures the safe, however, will depend on the level
More informationSpot AECO $Cdn/GJ. 1 2 Daily Index Values; Rolling 12-Month History. Indexed to 12 Months Ago. $US/$Cdn $0.85 $0.80 $0.75
January, 1 Chart Watch Canadian oil differentials remain very narrow ARC Energy Charts 1 Cdn crude exports by rail hit 33 kb/d in Nov US crude inventories rose by MMB Visit for more information on this
More informationEnCana generates third quarter cash flow of US$2.2 billion, or $2.93 per share up 27 percent
EnCana generates third quarter cash flow of US$2.2 billion, or $2.93 per share up 27 percent Net earnings per share down 25 percent to $1.24, or $934 million Natural gas production increases 8 percent
More informationNATURAL GAS LIQUIDS (NGLS) IN NORTH AMERICA: AN UPDATE PART I - UPSTREAM
Study No. 139 CANADIAN ENERGY RESEARCH INSTITUTE NATURAL GAS LIQUIDS (NGLS) IN NORTH AMERICA: AN UPDATE PART I - UPSTREAM Canadian Energy Research Institute Relevant Independent Objective Natural Gas Liquids
More informationCWC ENERGY SERVICES CORP. ANNOUNCES FOURTH QUARTER AND YEAR END 2018 OPERATIONAL AND FINANCIAL RESULTS AND RECORD 2018 SERVICE RIG OPERATING HOURS
For Immediate Release: February 28, 2019 CWC ENERGY SERVICES CORP. ANNOUNCES FOURTH QUARTER AND YEAR END OPERATIONAL AND FINANCIAL RESULTS AND RECORD SERVICE RIG OPERATING HOURS CALGARY, ALBERTA (TSXV:
More informationINVESTOR PRESENTATION. March 2017
INVESTOR PRESENTATION March 2017 FORWARD LOOKING STATEMENTS This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These forward-looking
More informationEnergy ACCOUNTABILITY STATEMENT MINISTRY OVERVIEW
Energy ACCOUNTABILITY STATEMENT This business plan was prepared under my direction, taking into consideration the government s policy decisions as of March 3, 2017. original signed by Margaret McCuaig-Boyd,
More informationAlberta's Economic Outlook
Alberta's Economic Outlook Catherine Rothrock Chief Economist & Executive Director Alberta Treasury Board and Finance December 6, 218 Solid growth in second year of recovery, differentials weigh on 219
More informationCanada s Oil Sands. Webber Academy November Looking Forward Continuing Responsible Growth
Canada s Oil Sands Webber Academy November 2013 Looking Forward Continuing Responsible Growth 2 Oil Sands by Subject 3 Global Primary Energy Demand 20,000 18,000 16,000 14,000 million tonnes oil equivalent
More informationThird Quarter Financial statements and management's discussion and analysis of financial condition and operating results
Third Quarter 2016 Financial statements and management's discussion and analysis of financial condition and operating results For the nine months ended September 30, 2016 Consolidated statement of income
More information2004 Annual Alberta Regional Labour Market Review
2004 Annual Alberta Regional Labour Market Review Athabasca Grande Prairie Wood Buffalo - Cold Lake Banff - Jasper - Rocky Mountain House Edmonton Red Deer Camrose - Drumheller Calgary Lethbridge - Medicine
More informationOil Sands Supply and Investment Outlook. China-Canada Energy Cooperation Conference
Relevant Independent Objective Oil Sands Supply and Investment Outlook China-Canada Energy Cooperation Conference Bob Dunbar Senior Director, Research Canadian Energy Research Institute University of Alberta
More informationOil Sands: Forecast Update. Date: March 20, 2009
Oil Sands: Forecast Update Date: March 20, 2009 Athabasca Oil Sands Area Status of Oil Sands Projects Under Construction/Approved/Application (Jan. 2009) Total potential bitumen production for projects
More informationAthabasca Grande Prairie. Banff - Jasper - Rocky Mountain House. Edmonton. Calgary
Athabasca Grande Prairie Wood Buffalo - Cold Lake Banff - Jasper - Rocky Mountain House Edmonton Calgary Lethbridge - Medicine Hat Highlights I. Alberta: Overview Alberta had the lowest unemployment rate
More informationInvestor Presentation
Investor Presentation November, 2016 *Rig 580, Oklahoma SCOOP 1 Forward-looking statements Certain statements contained in this presentation, including statements that contain words such as "could", "should",
More informationEnergy. Business Plan Accountability Statement. Ministry Overview
Business Plan 2018 21 Energy Accountability Statement This business plan was prepared under my direction, taking into consideration our government s policy decisions as of March 7, 2018. original signed
More informationMarket Access for Land Locked North American Crude Oil
Market Access for Land Locked North American Crude Oil TD London Energy Conference January 14, 2013 J. Richard Bird Executive Vice President, Chief Financial Officer & Corporate Development Legal Notice
More informationWe re breaking new ground every day
We re breaking new ground every day THIRD QUARTER INTERIM REPORT Q3For the Three and Nine Months Ended September 30, 2011 Three Months Ended September 30, Nine Months Ended September 30, 2011 2010 Change
More informationProvince of Alberta. June, Stephen J Thompson Executive Director Capital Markets, Treasury Board and Finance. and
Province of Alberta US Investor Meetings June, 2017 Stephen J Thompson Executive Director Capital Markets, Treasury Board and Finance and Catherine Rothrock Chief Economist & Executive Director, Treasury
More informationNorth America s Energy Infrastructure Renaissance. Al Monaco President & Chief Executive Officer. CIBC Whistler Institutional Investor Conference
North America s Energy Infrastructure Renaissance CIBC Whistler Institutional Investor Conference January 23, 2014 Al Monaco President & Chief Executive Officer Legal Notice This presentation includes
More informationBackground Canada is one of the world's five largest energy producers and is the principal source of U.S. energy imports.
Countries Canada Last Updated: September 17, 2012 Background Canada is one of the world's five largest energy producers and is the principal source of U.S. energy imports. Canada is a net exporter of most
More informationMarket Access - The Strategic Imperative Continues
Market Access - The Strategic Imperative Continues Al Monaco, President & CEO TD Securities - Calgary Energy Conference July 9, 2014 Agenda 1. The global energy context 2. North American crude oil fundamentals
More informationTSX:CFW. CALFRAC WELL SERVICES LTD. Investor Presentation June 2016
TSX:CFW CALFRAC WELL SERVICES LTD. Investor Presentation June 2016 Forward Looking Statement Certain information contained within this presentation and statements made in conjunction with this presentation
More informationSpot AECO $Cdn/GJ. 1 2 Daily Index Values; Rolling 12-Month History. Indexed to 12 Months Ago. 75 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18
September 1, Chart Watch The comments are no longer included in the charts. 11 17 WTI to Edm. Par differential widens to over $1 Bitumen production hit a record high in July US crude stocks down by MMB
More informationThe U.S. Natural Gas Market in Focus
The U.S. Natural Gas Market in Focus Current and Projected Supply and Demand Conditions for Flame 212 April 17, 212 Amsterdam, The Netherlands by Howard Gruenspecht, Acting Administrator U.S. Energy Information
More informationNAPTP Annual MLP Investor Conference NASDAQ: CPNO. May 12, 2010
NAPTP Annual MLP Investor Conference NASDAQ: CPNO May 12, 2010 Disclaimer Statements made by representatives of Copano Energy, L.L.C. ( Copano ) during this presentation will include forward-looking statements,
More informationInvestor Relations November 2018
We Distribute Products That Deliver Energy to the World Investor Relations November 2018 Disclosure Statement Statements made in the course of this presentation that state the Company's or management's
More informationProvince of Alberta Investor Meetings
Province of Alberta Investor Meetings September 2016 Stephen J Thompson, Executive Director, Capital Markets, Treasury Board and Finance and Catherine Rothrock Chief Economist & Executive Director, Treasury
More informationSpot AECO $Cdn/GJ. á á. 1 2 Daily Index Values; Rolling 12-Month History. Indexed to 12 Months Ago. $US/$Cdn $0.85 $0.80 $0.75
November 1, 1 Chart Watch WCS fell to a record low of $13./B on Thurs 1 TCPL: KXL approval deficiencies manageable WTI short contracts have surged since August Visit for more information on this publication
More informationPermian Reserves May Be Much Smaller Than You Think: Tight Oil and Long-Term Debt Cycle
Permian Reserves May Be Much Smaller Than You Think: Tight Oil and Long-Term Debt Cycle Arthur E. Berman September 11, 217 Slide 1 New Age of American Energy Dominance The U.S. is the 1th Largest Oil Reserve
More informationINVESTOR PRESENTATION. January 2018
INVESTOR PRESENTATION January 2018 FORWARD LOOKING STATEMENTS This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These
More informationSpot AECO $Cdn/GJ á á á. 1 2 Daily Index Values; Rolling 12-Month History. Indexed to 12 Months Ago. $US/$Cdn $0.
Chart Watch WTI hit a high since November on Friday 3 Edmonton butane prices remain depressed AECO prices are strong on cold local weather Visit for more information on this publication and the Institute
More informationLook to both coasts for the fastest growth in 2019
Look to both coasts for the fastest growth in 2019 PROVINCIAL OUTLOOK March 2019 Canada s economy ended 2018 on a weak note, posting the slowest quarterly growth rate since mid-2016 and providing a soft
More informationU.S. House Subcommittee on Energy and Air Quality. Alberta s Dramatic Crude Oil Growth in an Environment of Conventional Crude Oil Decline
U.S. House Subcommittee on Energy and Air Quality Alberta s Dramatic Crude Oil Growth in an Environment of Conventional Crude Oil Decline Peak Oil Hearing Wednesday, December 7, 2005 Submission By Alberta
More informationCAPP SCOTIABANK INVESTMENT SYMPOSIUM Toronto, ON April 12 & 13, 2016
CAPP SCOTIABANK INVESTMENT SYMPOSIUM Toronto, ON April 12 & 13, 2016 FORWARD LOOKING STATEMENTS This document contains statements that constitute forward-looking statements within the meaning of applicable
More informationMid Year Economic Update
Mid Year Economic Update 1 Key Economic Assumptions* -6 6-7 7-8 8-9 Fiscal Year Assumptions Actual Actual Actual Budget Update Prices Crude Oil Price WTI (US$/bbl) 9.97 6.89 8. 78. 119. Alberta Wellhead
More informationSpot AECO $Cdn/GJ. 1 2 Daily Index Values; Rolling 12-Month History. Indexed to 12 Months Ago. $US/$Cdn $0.85 $0.80 $0.75
Chart Watch WTI surged to near -month high on Monday 13 OPEC production fell below in March US waivers on Iran export sanctions to go to Visit for more information on this publication and the Institute
More informationCrude Oil. Forecast, Markets & Pipelines. June Crude Oil Forecast, Markets & Pipelines 1
Crude Oil Forecast, Markets & Pipelines June 2010 Crude Oil Forecast, Markets & Pipelines 1 Disclaimer: This publication was prepared by the Canadian Association of Petroleum Producers (CAPP). While it
More information2015 Jefferies Energy Conference Pete Bowden Global Head of Midstream Energy Investment Banking November Jefferies LLC Member SIPC
2015 Jefferies Energy Conference Pete Bowden Global Head of Midstream Energy Investment Banking November 2015 Jefferies LLC Member SIPC Current Macro Environment 1 Production / Consumption (MMBbl/d) Stock
More informationMarkets Have De-Valued Oil Prices: How Long Will It Last?
Markets Have De-Valued Oil Prices: How Long Will It Last? Art Berman MacroVoices September 2, 218 Slide 1 Comparative inventory: The most important approach to oil & gas price formation Ivnetories of Crude
More informationMANAGEMENT S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED DECEMBER 31, 2016
MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE YEAR ENDED DECEMBER 31, 2016 WHERE TO FIND: OVERVIEW OF CENOVUS... 2 2016 HIGHLIGHTS... 4 OPERATING RESULTS... 4 COMMODITY PRICES UNDERLYING OUR FINANCIAL RESULTS...
More informationCWC ENERGY SERVICES CORP. ANNOUNCES THIRD QUARTER 2018 OPERATIONAL AND FINANCIAL RESULTS
For Immediate Release: October 31, CWC ENERGY SERVICES CORP. ANNOUNCES THIRD QUARTER OPERATIONAL AND FINANCIAL RESULTS CALGARY, ALBERTA (TSXV: CWC) CWC Energy Services Corp. ( CWC or the Company ) announces
More informationImperial announces 2017 financial and operating results
Q4 News Release Calgary, February 2, 2018 Imperial announces 2017 financial and operating results Full-year earnings of $490 million; $1,056 million excluding upstream non-cash impairment charges Progressing
More informationOil, Gas and Power Prices Have Fallen and Can t Get Up Implications for the Power Industry Municipal Power & Utilities Assembly
Oil, Gas and Power Prices Have Fallen and Can t Get Up Implications for the Power Industry Municipal Power & Utilities Assembly Mike Zenker, Managing Director of Research NextEra Energy Resources September
More informationEmerging Trends in the Energy Industry. Paul Horak Partner, Audit and Enterprise Risk Services Deloitte & Touche LLP
Emerging Trends in the Energy Industry Paul Horak Partner, Audit and Enterprise Risk Services Deloitte & Touche LLP August 2016 Agenda Introduction Drilling and Production Trends Crude Oil and Refined
More information2019 economic outlook:
2019 economic outlook: What s ahead and what does it mean for entrepreneurs? Pierre Cléroux, Vice President Research and Chief Economist, BDC January 2019 Agenda 1 2 3 World economic outlook Alberta economic
More informationSpot AECO $Cdn/GJ. 1 2 Daily Index Values; Rolling 12-Month History. Indexed to 12 Months Ago. $US/$Cdn $0.85 $0.80 $0.75
August 13, Chart Watch ARC Energy Charts 11 1 Canadian production down by MB/d in June Saudi continues to supply oil to Canada OECD stocks are 3 MMB below the year avg. Visit for more information on this
More informationPlatt s NGL Forum NGL Supply Outlook
Platt s NGL Forum NGL Supply Outlook September 26, 2011 Anne B. Keller Midstream Energy Group, Inc. abk@midstreamenergygroup.com NGL Supply Update Updated Map N American Shales Plenty of opportunity to
More information2008 Economic and Market Outlook
Economic and Market Outlook Presented by: Gareth Watson Warren Jestin Vincent Delisle December 7 Economic Outlook Warren Jestin The Global Economic Landscape is Changing Rapidly Gears Down Emerging Powerhouses
More informationCompany Report - Initiation of Coverage
Horizon North Logistics Inc. HNL-TSX Nick Heffernan 403.509.0511 nicholas.heffernan@raymondjames.ca Andrew Bradford CFA 403.509.0503 andrew.bradford@raymondjames.ca Oil & Gas Energy Services Field Services
More information