Newsletter

08/25/1997
Confidence abounds in upstream oil and gas arenas. Canada's junior producers are benefiting from stronger relative crude prices and the outlook for increased natural gas pipeline export capacity to the U.S. (see related story, p. 29). On the downside, they face financing obstacles and increasing competition for rigs, seismic, and other services. Those are the views of Paul Gagnon, chairman of the Small Explorers & Producers Association of Canada (Sepac). His comments came during Sepac's second annual symposium to pitch investors and brokers about the potential of Canada's smaller producers. Lenders are being tight-fisted despite generally favorable producer ...
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