Bigger is better in the Montney​, ​'green shoots' for Alberta: This week's best quotes

Painted Pony CEO Pat Ward. Image: Painted Pony

Here are some of the best quotes from news coverage in the Daily Oil Bulletin for the week ending March 17:

“Our view is that you’re going to be challenged for the next three to six months to see any rapid rebound in the crude price.”

—Jon Morrison, executive director of institutional equity research at CIBC World Markets.

“We are not out of the woods yet. Far from it. But there are hopeful signs—what I refer to as green shoots.”

— Alberta Finance Minister Joe Ceci, discussing the province’s 2017-18 budget on March 17.

“We already have a good resource in the Montney and this just makes it even bigger. And I think in the Montney, bigger is better.”

—Pat Ward, president and CEO of Painted Pony Petroleum, discussing the company’s $276.6-million new Montney acquisition.

“I find it amazing that the federal government would put out a statement like this, knowing how much it is affecting people in the north and not really seeming to understand what they are saying.”

—John Hogg, president of Skybattle Resources Inc., discussing the Canadian federal government’s decision to impose an indefinite moratorium on new oil and gas exploration licences in the Arctic.

“When you think about recycling the carbon revenues, I would argue if we are going to have a divergence in policy between Canada and the United States, then we really need to think about how we use those recycled revenues to limit or reduce the competitiveness impact.”

—Craig Alexander, senior vice-president and chief economist at the Conference Board of Canada, speaking at the recent Western Outlook 2017 in Calgary.