“Bakken” has become a dirty word in Canada
“Bakken” is starting to become a dirty word in Calgary.
Producers are boosting output in the tight-oil play in North Dakota. But a lack of pipeline capacity to markets has sent prices of Midwest crudes—and Canadian ones—falling. And the light, sweet oil from the Bakken competes directly with the synthetic crude that many oil-sands producers make.
Now, in the eyes of a Canadian credit-rating agency, anyway, the Bakken Shale represents a better bet for investors, compared to the Alberta oil sands. Analysts at DBRS of Toronto decided to compare the two, big North American oil-producing regions that are reshaping the North American and global energy markets.