Stiff U.S. competition, an inter-province pipeline row prolongs limited export opportunity, and U.S. is its only big export customer
 
With U.S. shale on a tear, imports are dropping
Total U.S. crude production reached 10 MMBOPD in November 2017 and the Canadian Industrial Outlook report from The Conference Board of Canada estimates that U.S. production will pass 11 MMBOPD in 2019, putting Russia and Saudi Arabia in the rearview mirror.

This means that Canadian E&Ps will have to compete with the U.S. for investors and pipeline ta...


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