Wake up Canada! Get behind energy megaprojects or get ready for the consequences
By: Terry Etam Published: Fort Nelson News // BOE Report Not many commodities are hot anymore; investors are quite comfortable shunning the segment. But perhaps you may want to know about a commodity that in contrast is particularly overheated these days. Natural gas firm service transportation out of Alberta, for the upcoming winter season. Firm service prices are being bid up to unusual levels, even in the face of a relatively low commodity price forecast. Producers appear somewhat panicked about their ability to access markets for their natural gas. This is understandable; current market conditions for AECO-priced gas are extremely shaky with some forecasts of sub $1 gas for the next few weeks due to capacity constraints. This happens not infrequently whenever there is a pipeline outage for western Canadian production, which has few markets that are in the shadow of potential US shale out...