State of the Industry: October 2022

It’s turning out to be another very unpredictable year. While inflation is skyrocketing with rates many have never seen before, Alberta is reaping the benefits of shocking energy prices with an estimated $3.9B budgetary surplus – far exceeding what was forecasted. Our province is set to lead the country in economic growth: 5.5% forecasted for 2022. The price of oil is once again catapulting this economic windfall. However, this ‘boom’ is different from the past. Oil companies, having been so battered by collapsing oil prices, are choosing to direct profits towards paying down debt rather than investing in capital.

State of the Industry: Summer 2022

It’s turning out to be another very unpredictable year. While inflation is skyrocketing with rates many have never seen before, Alberta is reaping the benefits of shocking energy prices with an estimated $3.9B budgetary surplus – far exceeding what was forecasted. Our province is set to lead the country in economic growth: 5.5% forecasted for 2022. The price of oil is once again catapulting this economic windfall. However, this ‘boom’ is different from the past. Oil companies, having been so battered by collapsing oil prices, are choosing to direct profits towards paying down debt rather than investing in capital.