Government policy, pipeline plans have oil sands companies feeling optimistic, analysts say

Oil sands companies are turning more confident about ramping capital spending to materially increase production, supported by positive policy signals and pipeline plans (new and expanded). Analysts view the pipeline outlook as a key enabler for higher throughput. The news is constructive for the energy supply chain but likely only modestly market-moving in the near term.

Analysis

Oil sands companies are turning more confident about ramping capital spending to materially increase production, supported by positive policy signals and pipeline plans (new and expanded). Analysts view the pipeline outlook as a key enabler for higher throughput. The news is constructive for the energy supply chain but likely only modestly market-moving in the near term.