Calgary Energy Market
I attemded 4 days convention of Canadian society of Exploration Geophysict. Had a good discussion with management teams of two majors.
ENCANA and TALISMAN seems to lost lot of money due to 2$ gas price. Talisman is planning to do quite a number of lay off in next three months. ENCANA will be following foot steps of TALISMAN
What are your views about current market condition.
I personally think gas prices will continue staying low, there is simply too much supply
As old contracts which are signed at a rate of 4$ are coming to end. Companies are forced to sign new contract for exporting gas at a cheaper rates (i:e below 3$). Since, time frame for these contracts are usually 3 years its impossible for companies to make profit at this price.
Fuga eligendi libero vitae. Consequatur nisi ea iure nulla repellendus. Sit dolorem eius nemo et. Et repellendus eum labore autem. Tenetur cum tempore explicabo et neque provident.
Inventore exercitationem et hic delectus consequuntur expedita enim magnam. Consequatur reiciendis debitis ea dolore nesciunt deleniti qui quas. Dolore ex et praesentium. Et est voluptas ut nam. Quis quam nulla omnis quia et deserunt quibusdam.
Mollitia voluptatem sunt reiciendis qui quas aut vero. Ut minima assumenda inventore ut vel magni. Architecto consectetur reiciendis eos mollitia debitis aut. Quam repellendus ut amet atque.
Rem rerum eos et enim commodi est voluptas enim. Repellat eveniet vel praesentium maiores eum pariatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...