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Canadian oil selling at a deep discount – and it hurts

North American oil prices are marching toward $65 US a barrel this month, giving the industry a boost after the market collapsed three years ago. The oil sector hasn’t seen these prices since late-2014, but most companies in Alberta are receiving significantly less, just above $40 US a barrel. The …

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Canadian natural gas industry a ‘sad story’: analyst

A prominent commodities analyst struck a gloomy tone as he delivered a blunt assessment of the Canadian natural gas industry’s fortunes this year, describing it as a “sad story.” In front of a few hundred oilpatch members at the Calgary Petroleum Club in the city’s downtown, commodities analyst Martin King …

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