This year’s Top Operator report reflects the great uncertainty facing the oil and gas sector and tries to make sense of what the industry and successful operators in the post-pandemic future will look like.

To do so, we made some changes to the Top Operator format.

Rather than comparing year-over-year data, in some instances our CanOils analysts compared first quarter 2019/2020 data to measure the impact of the early stages of the COVID-19 pandemic.

We also tapped into the experience of professional services firm KPMG to gain insight into what strategies operators and service companies could pursue to survive and thrive through the difficult days ahead.

This is a 44 page report about how has survived the volatile market the last year and who has come out on top. Of course we aren’t done yet allows KPMG National Energy Leader
Michael McKerracher. He says, “Banks and lenders are coming down hard, especially on reserve-based loans, he explains. “We’ll see some recapitalizations as well as companies going into CCAA protection. We may see more of that because banks need to get leverage down.”

The outlook offered is positive if not cautious but the future is hard to predict at this point. Suncor suggests a close to normal return by 2022.

You’ll see who has the highest production and their strategies for success. The list of the top 25 include oilsands output (Q1 2019/ Q1 2020).

If you follow the link below, you can download the report in pdf format from the website.

Source: Top Operators_2020