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ENERGY SECTOR – CANADA – OCTOBER
2016BY: PAUL YOUNG, CPA, CGA
DATE: NOVEMBER 12, 2016
OVERVIEW
• This presentation will discuss energy trends in Canada. The analysis will include oil rigs, commodity prices, investment, wages, employment and government policies
AGENDA• Employment/labour
• GDP
• Canada Manufacturing Sales
• Exports
• Oil Rig Count
• Oil and Gas Distribution
• Pipelines
• Commodity Prices
• Carbon Taxation/Oil
• Summary
LABOUR/WAGES – NATURAL RESOURCES
Note: Stats Canada does not breakout oil from other natural resources in their stats
Source – Stats Canada
GDP – NATURAL RESOURCES
Note: Stats Canada does not breakout oil from other natural resources in their stats
Source – Stats Canada
CANADA MANUFACTURING SALES
Source – Stats Canada
ENERGY SECTOR/EXPORTS
• Energy sector exports are down 27% from YTD Sept/15• Lower Energy sector exports have led to lower trade surpluses for Energy
Source – Stats Canada
ENERGY SECTOR
Source – Baker Hughes
CANADA OIL AND GAS DISTRIBUTION
Source – Stats Canada
PIPELINES
• The Canadian government on Monday approved the $1.3 billion expansion of a natural gas gathering pipeline in western Canada belonging to a wholly owned subsidiary of TransCanada Corp, with 36 conditions attached. Source - http://business.financialpost.com/news/energy/ottawa-approves-1-3-billion-western-gas-pipeline-expansion
COMMODITY PRICES
Source – BMO
SUMMARY
• New United States President that supports energy independence. Part of that support is Keystone.
• Price oil cannot seem to break the $50/Barrel marked
• It is too early to assessed the impact of carbon taxation on oil and natural gas investment
