There’s nothing like a change of attitude in Ottawa to spark some investment.
When Justin Trudeau held the tiller in the federal capital, the oil and gas industry was always laboring under a dark cloud. The Trudeau Liberals were not fans of the petroleum sector, undermining the industry’s ability to raise capital.
But then along came Carney who is less inclined to vilify traditional energy production and investment attitudes turn quickly.
A case in point is last week’s sale of oil and gas rights in Saskatchewan. The provincial government issues blocks of these six times a year. Last week was the third one of the current fiscal year and it brought the province more than $24 million.
The last time we saw a number that high was 2014, a year before Justin Trudeau became Prime Minister. Clearly the industry is looking at Saskatchewan’s oil and gas prospects from a new perspective.
