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2019 Oil & Gas Outlook: Survey respondents see an industry in decline – JWN

April 23, 2019

Optimism about the Canadian oil and gas industry continues to falter based the views of the 150 respondents to the 2019 Daily Oil Bulletin Industry Outlook survey.

Sixty-eight per cent of respondents reported being pessimistic about the industry’s future, while only 27 per cent expressed any degree of optimism. This pessimism was especially evident at the extremes, with 36 per cent saying they were very pessimistic, compared to a mere three per cent that said they were very optimistic.

The proportion of companies saying they were very pessimistic about the future of the industry more than doubled compared to last year’s survey.

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