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 will account for an estimated 22.7% of industry revenue in 2013. Of these, only Suncor will have a significant market share over 5.0%, accounting for the largest share of industry revenue at an estimated 10.1%.
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