CALGARY – CNBC Business Network’s Street Signs is setting up shop in Calgary.
They’re broadcasting to millions of viewers word wide directly from Scotsman’s Hill.
“This is the capital of oil for Canada. This is what I call the Houston of Canada. It’s a big deal. It’s going to mean a lot to Canada. It’s going to mean a lot to Alberta,” says co-host of the show, Brian Sullivan.
Street Signs is trying to get a Canadian perspective on falling oil prices. They’re spending a few days in Calgary talking to executives of major oil companies – getting their take on the energy crisis.
CEO of FirstEnergy Capital, John Chambers, is on Sullivan’s list of interviewees.
“We expect them to bottom out sometime in the next 6 months and then see a slow recovery through 2016-2017. It will be a long time before we see $85 a barrel for WTI.”
More than 70 Canadian energy companies list their shares on the New York stock exchange. The oil sands have attracted billions of dollars from American investors.
CNBC says the show may return to Calgary when oil prices rebound.
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