Oilpatch hopes investment flows back to Alberta after big Kenney win - News Summed Up

Oilpatch hopes investment flows back to Alberta after big Kenney win


A new provincial government could be enough for pent-up investment dollars, and the accompanying jobs, to start flowing into Alberta. Oil production is rising in Alberta, but there is a lack of spare pipeline capacity to export the oil. After stubbornly low commodity prices since late 2014, the value of Alberta oil has stabilized recently. There is, however, some skepticism about what a Kenney victory will mean for the oilpatch. (CBC)While business has picked up in recent months at Performance Energy Services, CEO Scott Darling expects Kenney's victory will inject further optimism into the oilpatch.


Source: CBC News April 17, 2019 07:52 UTC



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