CALGARY – Generalist investors have shunned the Canadian oil and gas sector for five long years, but experts say that could change because of a slowdown in the United States shale sector.
Investors in recent months have become increasingly concerned that wells drilled in the top U.S. shale oil and gas formations have been less productive than advertised and that companies are spending too much capital on drilling programs. As a result, less capital is becoming available to U.S. exploration and production companies.
But some fund managers and investment managers now believe that Canadian oil and gas companies are better suited than their U.S. competitors to attract investor funds next year.
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