Tuesday, October 11, 2016

Producers Tepidly Dipping Their Toes Bank Into Oil-Sands

Oilpatch to proceed with caution despite OPEC production deal, not expecting 'sea change in prices'

CALGARY - Shares of Canadian oil and gas producers continued to rally Thursday, a day after OPEC's agreement to cut production, but wary oilpatch executives were holding off on the celebrations. "I wouldn't say that it's going to lead to a sea change in prices," said Anthony Marino, president and CEO of Calgary-based Vermilion Energy Inc.,…