Access to capital an issue in western Canadian oil patch

Calgary partner Stephanie Stimpson says access to capital has played a part in the diminishing numbers of oil and gas producers in western Canada.

Speaking with the Canadian Press in a story that was published in BNN Bloomberg, and other mastheads, Stephanie said both discounts for western Canadian oil as production surpassed export pipeline capacity and lower global oil prices contributed to the stalling of any uptick in oil and gas corporate sales last year.

“It’s really is about the access to capital here,” Stephanie said.

“There are very few financings getting done. Certainly the junior sector is not able to raise capital now.”

She also pointed out local energy companies and pension funds can show a preference for investing their money the United States oil patch instead of in Canada.

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This story has appeared in the following mastheads:

• BNN Bloomberg
• Financial Post
• Country 105 
• The Daily Oil Bulletin
• Oilsands Review
• Oilweek Magazine
• The Pipestone Flyer
• Victoria Times Colonist
• Canadian Investor
• The Star
• Calgary Herald (print)