Talk about late bloomers…
After years (and billions!) lost by Alberta and Canada because of our infamous former PM belief that there was “no business case for Canadian Natural Gas”, times are achanging.
After somewhat lukewarm messages on the subject, Ottawa opens the Office of Major Projects in Calgary: Energey Now.
Importantly, the office will be headed by former CEO of Trans Mountain, Dawn Farrell.
This is universally seen as a good move.
And Alberta will need these major projects. With LNG Canada finally online (albeit not at full capacity yet), there is a chain of other 6 projects expected to come online between now and 2030.
That alone will increase demand for Canadian Natural Gas by min. 50%, from around 18 BCF/day to 25-28 BCF/day when at full capacity.
Guess what that will do to Canadian Natural Gas producers, like the ones we invest in?
We do see a strong positive business case for Albertan Oil and Gas.