1990 SEEN AS TURNAROUND YEAR IN CANADA

Canadian officials believe 1990 will mark the beginning of an upturn for their industry. Industry groups say operators are budgeting for an average crude oil price of $18.50 (U.S.)/bbl. Natural gas sales will remain strong, although prices will be weak and there will be inadequate pipeline capacity for gas exports to the U.S. Average gas prices are expected to increase by 50 to $1.65/Mcf as a result of tighter North American supplies. The Canadian Petroleum Association and Independent Petroleum

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