Canadian E&P companies keep tight hold on purse stringsGovernment land sales lag well behind last two years, despite positive prices; soft gas demand in United States and high storage levels outweigh production declines; big U.S.-based independents unloading non-core assets, restructuring Gary Park PNA Canadian Correspondent
Everything points to a year of extreme caution on Canada’s oil and gas exploration front, as operators keep a tight grip on their purse-strings, with the big U.S.-based independents who made heft Canadian purchases in recent years immersed in restructuring and unloading non-core assets.
Sales of go....
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Industry reluctant to spend Land spending down by half Heavy setbacks in hotspots Survey confirms unease
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