Health of the oil and gas industry
Outwardly, the financial health of the Canadian oil and gas industry looks positive over the next five years, says Peter Tertzakian, chief energy economist of ARC Financial Corp. (ARC) and best- selling author of A Thousand Barrels a Second and The End of Energy Obesity.
“But aches, pains and vulnerabilities are still to be found beneath the collective veneer of multi-billion dollar financial statements – on the natural gas side of the industry, for example,” Tertzakian says. “And the potential for economic trauma always looms large in this acutely capital-intense, competitive business.”
ARC’s research focused on analysis of the major trends and changes in capital flow in Canada’s largest industry over the past five years, with implications projected to 2015.
After 150 years of growth, the scale of
RE/MAX Medalta Real Estate
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Mls 14360 - Medicine Hat -28,960 sq ft shop -7 acres -Additional 7200 sq ft cold storage -For Sublease $16,657.50/month NNN
Mls 14408 - Medicine Hat -11,000 sq ft shop - 5.98 acres - Wash bay and offices - 7 drive though bays -For lease $11/sq ft NNN
what’s going on in the Canadian oil and gas industry is impressive by any world standard. From British Columbia to Newfoundland, the upstream oil and gas industry will generate an estimated $115 billion in annual revenue, $20 billion in royalties, land sales and taxes, and $50 billion of investment into infrastructure and jobs in 2011. ARC’s detailed analysis and findings are published in a new report titled, Turmoil and Renewal: The Fiscal Pulse of the Canadian Upstream Oil and Gas Industry – A Five-Year Review and Outlook.
“All Canadians are stakeholders in the future of this business,” says Tertzakian, “And whether you are a corporate leader, policy maker, investor or interested citizen, it is important to develop a broad understanding of the forces affecting Canada’s oil and gas industry.”
Findings of the report include:
• Oil and gas companies are expected to generate more than $600 billion in sales over the next five years. The multiplicative effect of these dollars circulating in Canada’s economy means the stakes for ensuring a healthy oil and gas industry are high for all Canadians.
• For the benefit of all stakeholders, maintaining financial health amid the many challenges will require industry and government to work doubly hard on key issues that cannot be addressed by each independently. Important matters include accessing skilled labour, preserving the environment and reaching out to new global markets for both oil and natural gas.
• The industry’s revenue stream is becoming “oilier and oilier,” on a path to be 80 per cent reliant on oil by 2015. Only five years ago the oil/gas
Mls 14473 - Medicine Hat - 5000 sw ft shop - 50 ft of side yard
-For lease $3021/m NNN
Mls 12660 - Medicine Hat - Newer 2000 sq ft bay
- Several offices, reception area - For lease $11/sq ft NNN
Mls 14602 - Medicine Hat - 3.26 acres - Offices/shop space - Partially leased
- For Sale $2,100,000
Mls 14660 - Cypress County - 8000 sq ft of shop available - Drive through bay - 24' ceiling height - For lease $8.75/sq ft NNN
Mls 12425 - Redcliff - 7500 sq ft
- 2 drive through bays - For lease $6,875/m NNN 12
Mls 12960 - Maple Creek - 2400 sq ft shop - Separate office building - 1.3 acres - For Sale $289,900
WESTERN CANADIAN PIPELINE | SPRING 2011
Mls 14279- Medicine Hat - 30,000 sq ft - Possible rail spur - 4.96 acres
- For Sale $1,350,000
Exclusive - Redcliff - 2606 sq ft condo bays
- Shared fenced compound - For sale $325,000
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41034170•04/29/11
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