The recent prolonged
downturn in energy prices, which has led to reduced demand for insurance among energy providers, coupled with anticipated relaxed enforcement efforts from the current administration in Washington D.C., is expected to put pressure on insurance carriers to loosen underwriting standards and expand the terms and conditions under which they offer coverage to energy companies.
While Enbridge operates in the broader energy industry, they have been largely isolated from
the downturn in energy prices.
Not exact matches
Analysts at Calgary - based AltaCorp Capital Inc. said
in a report published Monday that poor pipeline access has hurt Canadian
energy companies to the extent that their stock
prices have underperformed U.S. companies since the
downturn of 2008 - 09.
In an interview, Kolko said property values in oil - rich markets often mirror drops in petroleum prices because energy companies lay workers off in downturns, and «fewer [local] jobs means weaker housing demand.&raqu
In an interview, Kolko said property values
in oil - rich markets often mirror drops in petroleum prices because energy companies lay workers off in downturns, and «fewer [local] jobs means weaker housing demand.&raqu
in oil - rich markets often mirror drops
in petroleum prices because energy companies lay workers off in downturns, and «fewer [local] jobs means weaker housing demand.&raqu
in petroleum
prices because
energy companies lay workers off
in downturns, and «fewer [local] jobs means weaker housing demand.&raqu
in downturns, and «fewer [local] jobs means weaker housing demand.»
But even as the
energy sector rebounds from a three - year
downturn, the Conference Board does not expect the Canadian oil sector to post the record $ 116 billion
in revenue it did
in 2014 — when oil
prices were over US$ 100 per barrel — until 2021, when it is expected to pull
in $ 119 billion.
Throughout the
energy downturn, PDC management maintained one of the strongest balance sheets
in the industry, which allowed them to be opportunistic, entering the Delaware basin through a 2016 acquisition at an attractive
price.
Chesapeake
Energy Corp. (CHK - $ 6) The
downturn in oil and gas
prices since late 2014 has created an opportunity to buy well - managed exploration and production companies at discounted values.
The
downturn in temperatures leads to higher heating bills, and every consumer welcomes the chance to insulate themselves from these kinds of costs, especially
in a time period so known for fluctuations
in energy prices.