These are hard times for Alberta's high-cost oil sands, but analysts say big producers will do whatever they can to avoid halting production because that would lead to long-term reductions in cash flow and could also damage valuable reservoirs. In fact, National Bank analyst Kyle Preston expects oil sands production to increase by some 500,000 barrels per day over the next three years, rather than contract, as new projects that are already in progress come on line.
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