Oil executives expect sustained period of strong crude prices, survey shows

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Nine out of 10 Canadian energy sector executives believe oil prices will remain strong for the next three to five years, according to the results of a recent survey.

A rainbow appears to come down on pumpjacks drawing out oil and gas from wells near Calgary, Alta., Monday, Sept. 18, 2023.

Sixty-seven per cent of institutional investors polled predict the energy sector will outperform other equity sectors in the next 12 months. More than 60 per cent of survey respondents said they anticipate the Trans Mountain pipeline expansion, which marked its official opening last week, to adequately meet the sector's export capacity demands through at least 2028.

Mounties on Vancouver Island are searching for the driver of a Jeep Wrangler after a cyclist suffered serious injuries in an alleged hit-and-run collision near Victoria early Thursday morning.Wildfire and emergency management officials in British Columbia are urging residents to be prepared for increased fire activity as temperatures are expected to soar above 30 C in parts of the province this weekend.When Sherry Kirkvold played the voicemail message from a stranger – which began with, “Hi.

 

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