October 6, 2017 / 11:02 AM / 2 years ago

BUZZ-Barclays says slower production growth could help Canadian oil & gas cos

** Barclays thinks slower production growth rate could prove to be beneficial for mid-cap Canadian oil and gas producers

** Slower growth could result in improving capital efficiencies, moderating declines, fall in infrastructure spend & lower risk, Barclays says

** Canadian E&Ps typically do not promise much production growth compared with U.S. counterparts, brokerage notes

** At the industry level, slower production growth could reduce pressure on service costs and ease pipeline pressures, Barclays adds

** Bonavista Energy down ~40 pct YTD, Crescent Point ~45 pct YTD, & Obsidian Energy down ~41 pct, are the best candidates to transition to a sustainable/income model, Barclays says

** On the other hand, deep asset portfolios will keep ARC Resources down ~27 pct YTD, Seven Generations down ~35 pct YTD, and Paramount Resources up ~40 pct YTD, on the growth trajectory

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