Prior to joining RBN Energy, Mike Dunn spent two decades covering North American oil and gas equities and markets, starting in 2004 as an equities analyst at London Life Investment Management, before joining the equity research team at Calgary-based energy investment banking firm FirstEnergy Capital Corp in 2007. For most of Mike’s tenure at FirstEnergy, and its successor firms GMP Securities (2016) and Stifel Canada (2019), he led the firm’s coverage of Canada’s largest oil producers, while from 2022-2024 he also covered Canada’s largest natural gas producers. Mike holds a Bachelor of Engineering degree from McMaster University, an MBA from McGill University, and is a CFA® charterholder.
Posts by Mike Dunn
Alberta Oil Production Jumps 6% in July
Alberta crude oil and condensate production for July averaged 4.762 MMb/d, up 271 Mb/d or 6% vs. June, and up 116 Mb/d compared the prior July record of 4.646 MMb/d set last year, according to data released by the Alberta Energy Regulator on August 31.
Trans Mountain Expects to Add 90 Mb/d Capacity by Year-End
The Trans Mountain pipeline's owner Trans Mountain Corporation said in its Q2 results press release on August 28 that it expects to increase the pipeline's "nominal system capacity by approximately 90,000 bpd by the end of 2026".
Canadian Refinery Runs - August Update
Weekly Canadian refinery crude oil runs saw a dip in July, but had since recovered (see red line in left chart below), according to weekly data through August 4.
Canadian Rig Counts: Six Rigs Dropped in Western Canada
In Western Canada the gas-directed rig count dropped by 2 to 63 rigs, while the oil-directed rig count fell by 4 to 143 rigs, for the week ended August 28, according to Baker Hughes data.
The Waiting Is the Hardest Part – West Coast LPG Export Capacity Set to Jump Next Year and Beyond
AltaGas has delayed the startup of its Ridley Island Energy Export Facility, so buyers won’t have the benefit of increased fuel supplies this winter. Today, we review industry plans to expand LPG export capacity on North America’s west coast, and how this could impact North American LPG markets.