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“In the U.S., there have been some question marks around whether some of the basins are starting to get a little bit fatigued or starting to see some of the type curves come down — we haven’t seen that in Canada,” Bradley Wells, head of energy for BMO Capital Markets, said in an interview.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Such a favourable setup would be a turnabout for an industry that has suffered from steep discounts on its crude over the past decade as new pipelines were rejected by governments or scrapped by their planners. Wells sees egress no longer being a concern since Enbridge Inc.’s Line 3 entered service in 2021 and with the government-owned Trans Mountain expansion set to start up early next year.