Canadian Gas Sector in Danger of Collapse if Winter Is Warm

摘要

Is the upcoming North American winter going to happen? Or will it be another season like 2016-17, which was comprised of few cold spells but nothing prolonged as in a normal winter? Without weeks of sub-freezing temperatures that create significant draws on US and Canadian gas inventories, the natural gas market faces the prospect of a price collapse at a time when gas should be garnering a premium, warns Canadian investment bank GMP/FirstEnergy of Calgary.