Industry Analysis & Industry Trends
Over the past five years, the industry has been marked by extreme volatility associated with crude oil and natural gas prices, leading to an overall decline in industry revenue. Nonetheless, crude oil prices are anticipated to stay elevated, helping revenue grow. Over the next five years, Canada will continue to rely on the United States for a significant portion of crude oil and natural gas sales. Continued growth in production in oil sands will also facilitate a projected revenue increase... purchase to read more
Industry Report - Industry Key Buyers Chapter
Market share concentration within the Oil Drilling and Gas Extraction industry in Canada is low, as the top four companies are expected to account for an estimated 39.6% of industry revenue in 2014. Of these, Suncor and Canada Natural Resources will generate the largest share of revenue, at a combined 26.4% of industry revenue in 2014.
Still, the industry consists of many large, multinational energy companies that operate on a global scale. The dispersion of the industry across Canada as well as the global-scale in which its companies compete on are representative of an industry with low market share concentration. These characteristics make it difficult for even major oil companies to control more than a small share of output... purchase to read more