There’s lots of uncertainty in oil markets heading into 2026, as industry awaits what many believe will be a massive supply overhang resulting from increased OPEC and other production, investment leaders told the CFA Society Calgary 25th Annual Oil & Gas Forecast Breakfast.

The top executive at Trican Well Service Ltd. expects a natural gas market recovery in 2026 following two years of low pricing.

At Alberta’s Oct. 29 land sale, a substantial land block was purchased at Seal, likely for Pekisko oilsands development, the Duvernay land grab extended westward into Ferrier, and the Cardium garnered high unit prices in Medicine River.

Cenovus Energy Inc. reported record production in the third quarter of 2025, as many of its long-term growth projects began adding incremental barrels, president and chief executive officer Jon McKenzie said during its earnings call.

Imperial Oil Limited’s Kearl oilsands mine recorded its highest-ever quarterly total gross production in the third quarter with an average of 316,000 bbls/d (224,000 bbls/d Imperial's share).

Canadian Natural Resources Limited has closed the asset swap with Shell Canada Limited and affiliates on the the Athabasca Oil Sands Project (AOSP).

ATCO Ltd. has appointed Rob Peabody, the former president and chief executive officer of Husky Energy, to its board of directors.

TriSummit Utilities Inc. appointed Shaun Toivanen as president and chief executive officer, effective Nov. 1, 2025.

Source Rock Royalties Ltd. announced the joint-acquisition of oilsands and petroleum and natural gas (PNG) leases in Alberta.

Global Helium Corp. and 2679158 Alberta Ltd. closed the previously announced acquisition of the company by 2679158 Alberta.

Stampede Drilling Inc. has successfully completed the sale of certain drilling components from its A/C triple drilling rig previously acquired by Stampede in August 2022.

Sunoco LP has completed the acquisition of Parkland Corporation.