Alberta oil and gas
No surprises here.
The way the industry thinks about the areas of capital planning, budgeting and forecasting has to change, as priorities shift from identifying and finding opportunities to getting the most out of a portfolio of assets that often far exceed the available capital.
The world is always reinventing itself, and for that growing number of organizations and their CFOs who desire or expect Finance to play more of a catalytic and strategic role, the key challenge is likely not in seeing the need but in overcoming a number of systemic barriers in their way.
Though hardly out, oil is still down -- and the same goes for Canada's high-cost producers. And though this particular bust is not altogether like the last one, a comparison to the 1980s can be helpful.
Paladin Security operations director Tyson Black says the oil industry underpins Canada's economy, making it a natural target
It's February 2014. Our strong energy sector has been the envy of the world ever since Greenpeace used our province as an example of responsible resource development because we've reduced our net carbon emissions every year since 2010, in spite of increased production from our oilsands.
Since the oil boom of the 1970's, many Alberta wives have called themselves "oil patch widows" due to work rotations that require their husbands to be away for weeks or months at a stretch. It is understandable how this physical separation can lead to an emotional disconnection between two people who are often leading separate lives.
Alberta has long been the reigning champ when it comes to well-paying oil and gas jobs, with Canadians from every corner
Athabasca Oil Corp. is the most recent addition to a growing interest of foreign firms to invest in Alberta's Oil and Gas