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PS - US E&P firms are feeling the weight of their success - November 2019
US shale production has drastically altered the dynamics of the oil and gas industry across the globe. The US is now the largest producer of crude oil at 12.6 MMbo/d and has displaced OPEC as the global swing producer. The impacts of this production surge were first felt by Canadian producers as price differentials widened, leading up to Alberta’s production rationing scheme. Canadian E&P firms have for years dealt with weak equity prices and......
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