CBC - Winter is coming — and that could be good news for Alberta's natural gas sector

October 11, 2020 – CBC News

Winter is coming — and that could be good news for Alberta's natural gas sector

By Tony Seskus

Amid a tumultuous stretch for Alberta's oil and gas industry, there's hope around the sector that the arrival of winter could bring some stability for natural gas producers.

Analysts say a drop in natural gas production in the United States — resulting in part from a dramatic pull back in American shale oil — may provide a much-needed lift in prices, if a normal winter is around the corner.

It's a situation that could improve companies' cash flow, helping them to pay down debt. It may also provide a window for Canadian gas producers to boost their U.S. exports.

"I think prices will be better, drilling will pick up some and ... natural gas remains an extremely important commodity," said Martin King, a senior analyst with RBN Energy.

"It's stability, hopefully a little bit of upside, but right now stability is good. 'Stability' is the new 'Up.'"

Read the full article here: https://www.cbc.ca/news/business/alberta-natural-gas-outlook-1.5755648