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Scotiabank’s Patricia Mohr Predicts Spring Rally in Oil Price

Mohr predicts that WTI will recover to the $65 level by the fourth quarter of 2015. "I think the price is going to move up to $65 because there has been such a huge drop in cost of production. Margins are being squeezed for drillers and service providers, but also even wage rates would be moving down a lot in the industry, so the cost of drilling is going to move down a lot," she said.

New US Fracking Regulations Face Opposition

The new fracking rules unveiled by the US federal government last week have already caused quite a stir. Two industry groups reportedly filed a lawsuit within minutes of the announcement.

Keith Schaefer: It’s Not All Bad for Oil

At PDAC Schaefer laid out the positives and negatives surrounding the oil space, noting that in some senses things aren't as bad as they may seem. He also touched on what's going on with natural gas prices.