‘Frustration and hopelessness’: Laid-off Albertans struggle as oil patch braces for more job losses [Business News Network (BNN) Energy & Resources (Canada)]
Enerplus Corporation (ERF)
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Source: Business News Network
‘Frustration and hopelessness’: Laid-off Albertans struggle as oil patch braces for more job losses Canada’s energy sector has taken a hit in recent months as the price of Canadian heavy oil hit record lows and lack of pipeline capacity took its toll, leading major oil and gas companies to cut their 2019 production forecasts and some economists to warn about the possibility of layoffs in the coming year. It wouldn’t be the first time in recent memory the province has suffered layoffs – weak oil prices led to record job losses in 2015. The effects of the ongoing turmoil were highlighted in a recent report from the Office of the Superintendent of Bankruptcy of Canada, which revealed insolvency filings in Alberta were the highest of any province in the latter part of 2018, rising 16 per cent in October and November. While the price of Canadian crude has risen since Alberta Premier Rachel Notley’s mandated production cuts took effect Jan. 1, energy sector job prospects are still slim. Bel
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ERF
Earnings
- 2/21/24 - Beat
ERF
Sec Filings
- 4/9/24 - Form 6-K
- 4/8/24 - Form 6-K
- 3/14/24 - Form 6-K
- ERF's page on the SEC website