CBC - What U.S. shale's woes mean for Canada's oil and gas industry

June 3, 2020 – CBC News

What U.S. shale's woes mean for Canada's oil and gas industry

By Tony Seskus

The rise of the U.S. shale oil sector shook up energy markets worldwide, but the economic wallop of the pandemic is now rattling that same industry to the core..…

Read the full article here: https://www.cbc.ca/news/business/us-shale-oil-impact-on-canada-1.5593771

Martin King, a senior analyst at RBN Energy, said though things are looking better for Canadian natural gas, his view is one of "guarded optimism."

While he's hopeful lower associated gas supplies can help tighten the market and improve pricing, he's watching to see what happens with U.S. exports of liquefied natural gas (LNG).

The U.S. has emerged as a global LNG producer but demand has weakened due to the impact of the COVID-19 pandemic. Gas stocks in many countries are also average or above.

"When we get to the winter, what is going to be a very interesting and unpredictable dynamic will be how much U.S. LNG exports … get turned away by international buyers and pushed back to the U.S. market," King said.

"There's lots of gas out there."