Canadian Natural Gas Potential Gaining Recognition
Canada’s natural gas sector is on the rise; however, for it to achieve its full potential an advancement of its gas transportation structure is needed.
Canada’s natural gas sector is on the rise; however, for it to achieve its full potential an advancement of its gas transportation structure is needed.
Following a $2.2 billion deal that will see Sinopec acquire Daylight Energy, analysts believe Chinese firms may be poised for a shopping spree in Canada’s natural gas sector.
The recent deal represents the biggest investment to date by a Chinese company in the North American energy sector, appearing to balance demand to develop gas fields at a time when low commodity prices are not providing companies with enough cash flow efficiently. The agreement could underscore greater exposure for resource companies to eventually export shipments to offshore markets.
Reuters reports that Encana Corp's (TSE:ECA) shares surged 5 percent on Thursday.
By Duncan Sutherland – Exclusive to Gas Investing News Market News: The American Energy Information Administration (the U.S. Government’s register of official energy statistic) is still forecasting an increase in home heating costs over the winter. The EIA did note that its figures were subject to change as new information about the extent of the [...]
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