Pipeline bottleneck creates stymied oilpatch investment and cheap crude for U.S.
by Chris Vacroe (feat. Kevin Birn)
May 28, 2018
Despite such unbridled optimism — crude closed Friday at $67.88 a barrel — no one expects this sentiment to turn into a stampede of investment, jobs or drilling in Western Canada’s oilpatch in 2018.
“It’s the same as last year, probably flat,” said Bryan Goudie, chief financial officer for Predator Drilling, a Red Deer-based company that operates about 25 rigs in Canada and the United States.
“The growth in our company is all coming out of the U.S.”