Investor interest in Alberta going ‘nuclear’ over Carney’s messaging...
Alberta oil CEO tells me why he's confident and optimistic about the change that's happening.
The Full Comment Podcast is out.
There is a lot of negativity right now about the oil patch, Alberta’s future in Canada, whether Mark Carney is doing enough or anything.
Paul Colborne, the CEO of Surge Energy doesn’t feel that way. He’s not alone in the industry either.
Paul’s firm runs in the conventional oil space in Alberta and Saskatchewan and was recently named Saskatchewan’s oilman of the year.
I spoke to him on Friday about the new deal between Ottawa and Alberta and why he thinks that Premier Danielle Smith and Prime Minister Mark Carney are on the right track and that things will happen.
Grab a coffee and enjoy.
From the official show notes:
After a brutal decade under Justin Trudeau’s draconian anti-development policies, there’s real optimism in the western oilpatch again. Paul Colborne, CEO of Calgary-based Surge Energy, tells Brian why he’s convinced Prime Minister Mark Carney is serious about boosting oil production, including with more pipelines, and why investors are clamouring to get in on it. He explains why he even sees benefit to the carbon-tax and emissions-sequestering conditions in Carney’s memorandum of understanding with Alberta Premier Danielle Smith. And why he doesn’t believe B.C., First Nations or some anti-oil Liberal MPs will stand in the prime minister’s way of using resources to get us out of the disastrous, money-printing economic dead end the last prime minister left behind. (Recorded May 22, 2026)
To my eye, Canada’s biggest mistake in the last decade or so was cancelling the Energy-East Pipeline. We would’ve had access to European markets by now who badly need our oil
I do not TRUST PM Carney. He has struck a deal with China which will probably include access/ownership to our oil and gas industries.
So far he has claimed to be busy signing all these new deals and improving our lives. I only see 42% of our income going towards the government with no relief in sight.