December 04, 2018
The article discusses how Canadian oil producers have seen price discounts and declining capital investment because of clogged pipelines and wavering global prices, forcing many to choose between scaling up or throwing in the towel.
“It’s hard to invest within Canada, and it’s tough to get investor support when you expand outside,” Janan said.
As a result, many energy companies are being forced to use their shares as currency to fund acquisitions.
“People are saying, ‘let’s not spend any on capital’,” he said, noting the difficulty Canadian energy companies are having in winning over investors.