<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2:39<\/time>Business Matters: Global leaders look for brand new ways to stabilize oil prices<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>
The present crude price continues to be about 40 per cent higher than where it was trading before the conflict began in late February, spilling over to several countries within the region and choking off 20 per cent of the world\u2019s oil and liquefied natural gas supplies.<\/p>\n
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Get weekly money news<\/h2>\n Get expert insights, Q&A on markets, housing, inflation, and private finance information delivered to you each Saturday.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n
But when the volatility blows over \u2014 as futures market trading seems to suggest might occur later this yr \u2014 Canada\u2019s energy sector can be ripe for an acceleration in merger and acquisition activity.<\/p>\n
\u201cIndividuals are starting to actually come to the popularity that Canada may be very investable right away and it\u2019s a spot to deploy capital and we should always expect to see more deals,\u201d said Botterill.<\/p>\n
The oilsands are already dominated by a handful of massive players, so there are few opportunities in that space, he said.<\/p>\n
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However the Montney and Duvernay areas of northeastern B.C. and northwestern Alberta are a few of \u201cthe world\u2019s highest-quality assets on the market\u201d and are more likely to see more consolidation. Those rocks are wealthy in natural gas liquids, whose prices are inclined to track those of crude oil.<\/p>\n
\u201cThe repeatability economics are so strong, the technology is so consistent and Canadian producers have just done such an incredible job at managing costs alongside that and continuing to make large swaths of resource highly profitable,\u201d said Botterill.<\/p>\n
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<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2:46<\/time>Canada \u2018reliable\u2019 and \u2018low-risk\u2019 oil exporter, will up production amid energy crisis: Carney<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>
In its latest forecast, Deloitte predicted a mean 2026 WTI price of US$85 per barrel, however the closure of the Strait of Hormuz has been driving prices significantly higher than that, but oil traders appear to be betting on a more mellow market within the latter half of this yr.<\/p>\n
Contracts for delivery in August and beyond have been sinking below\u00a0US$80 per barrel.\u00a0For 2027, Deloitte is forecasting a drop in WTI to US$76.50. For 2028, it sees a return to the prewar level of US$67.65.<\/p>\n
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Story continues below commercial<\/p>\n<\/p><\/div>\n
Meanwhile, the benchmark for Alberta natural gas is forecast to average $2.15 per mmBTU in 2026, climbing to $3.20 in 2028.<\/p>\n
A balmy winter in much of Canada coupled with a slower-than-expected ramp-up of the LNG Canada export terminal on the B.C. coast put pressure on the worth of the home-heating fuel, Botterill said.<\/p>\n
He\u2019s never felt so positively concerning the prospects for Canada\u2019s liquefied natural gas export ambitions.<\/p>\n
The war has knocked out LNG production from Qatar, one among the world\u2019s biggest players, sending Asian and European power prices soaring and highlighting Canada as a comparatively stable global supplier.<\/p>\n
\u201cThese are hard projects to get approved and it\u2019s a variety of money, so I believe there\u2019s still a variety of work to get done to maneuver particular projects forward,\u201d Botterill said.<\/p>\n
\u201cBut at the tip of the day, Canada is seen as an actual protected place for capital and it\u2019s seen as much more investable now than it was just a few years ago. We\u2019re going to be talking about one or two or three more projects off the West Coast over the approaching years.\u201d<\/p>\n
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<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1:53<\/time>Canada\u2019s role in historic emergency oil reserve release<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>
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\n\t\t© 2026 The Canadian Press\t<\/p>\n<\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
It may be a busy marketplace for mergers and acquisitions in Canada\u2019s oilpatch later this yr, provided the geopolitical mayhem eases enough for buyers and sellers to search out common ground on price, says a partner at consulting firm Deloitte. In a report published Wednesday, Deloitte said deal activity appeared to be on the upswing […]<\/p>\n","protected":false},"author":1,"featured_media":315640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[13423,15453,8905,15940,50394,50395,3731,14290],"class_list":["post-315639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-blows","tag-canadas","tag-deals","tag-deloitte","tag-oilpatch","tag-ripe","tag-sees","tag-turmoil"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/315639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=315639"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/315639\/revisions"}],"predecessor-version":[{"id":315642,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/315639\/revisions\/315642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/315640"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=315639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=315639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=315639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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