Some of Canada’s more astute real estate investors are already betting big on Calgary’s comeback.
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Economists and analysts have kept their average Brent price outlook for 2016 almost unchanged at US$44.78 per barrel, as growing hurdles to a global deal on production limits put downside pressure on crude oil prices, according to a Reuters poll out on Monday.
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CALGARY, ALBERTA–(Marketwired – Oct. 31, 2016) – News Release – TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) today announced that the Government of Canada has approved the company’s $1.3 billion 2017 NGTL System Expansion Project, which will provide important additional capacity to meet the needs of natural gas shippers.
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The oil price crash has been creating a wave of energy-related bankruptcy filings in the past two years, prompting many U.S. energy companies that were previously sitting comfortably with high oil and commodity prices prior to 2014 to now seek ways to restructure their businesses and debts.
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