Sequeira Energy Synopsis – May 2020 Newsletter

Coming off one of the most difficult economic periods in history, oil prices improved substantially in May largely driven by anticipation for improved demand coupled with unprecedented cuts to supply. Despite improved pricing, operators are being disciplined with spending with the number of active rigs in Canada hitting a record low in May down to 21 active rigs. As we write this today that number is even lower.

Download the Sequeira Energy Synopsis – May 2020