Below you'll find a list of all posts that have been categorized as “The Well Street Journal”
Much can be said about the state of the energy industry in Canada during 2018, but few could dispute it was a roller coaster ride throughout. Prices and activity levels climbed steadily in the first half of 2018, with many (including ourselves) predicting better days ahead for the industry. Instead, transportation bottlenecks and global economic concerns hammered the industry in …
Followed by a tough October, November also proved to be challenging for the energy industry – not just within Canada, but globally too. Certainly, Canada is dealing with its own challenges right now; however, WTI prices were down 22.0% month-over-month to the end of November whereas Canadian oilfield service equities were only down 9.4% over that same period. While it …
October was a tough month for North American equities as we saw the TSX composite index drop 6.5% and the S&P 500 experienced its worst month since September 2011. Canadian oilfield service equities were hit especially hard this month as our Sequeira OFS Index was down 9.6% month-over-month and down 14.4% year-over-year to the end of October. Contributing to the …
On October 1st, Shell provided the green light for LNG Canada, sending a positive message that Canadian natural gas can be competitive globally and that Canada can be a place for investment when it comes to large scale energy projects. Construction is expected to start immediately, with benefits to be experienced across a number of sectors over the life of …
Our Sequeira OFS Index was up 3.2% month-over-month and up 5.2% year-over-year to the end of August. Canadian OFS stocks rallied through August before experiencing a pull-back the last week due to the reversal of the Trans Mountain pipeline expansion approval. The reversal served to re-emphasize the significant take-away capacity constraints limiting oil production growth in the WCSB; however, the …
