U.S. oil producers will likely be the first to cut output should crude prices continue to languish, but their Canadian peers should be able to keep chugging along, experts say.

Trans Mountain said in recent months, the Alberta-to-British-Columbia pipeline that can transport 890,000 barrels a day has regularly been at 90 per cent utilization or higher.

In its annual State of the Industry report, Enserva says total oil and gas capital spending is expected to drop by 5.6 per cent this year and by a further 2.2 per cent in 2026.

For a project he says 'doesn't actually exist,' there was a lot British Columbia Premier David Eby had to say about a potential pipeline from Alberta to B.C.'s northern coast.

CAPP president Lisa Baiton said the new list moves Canada toward becoming a "global energy superpower," something Prime Minister Mark Carney has said repeatedly is his goal.

Three vote delays, two sweetened bids and countless other twists and turns later, MEG Energy shareholders have given their blessing to an $8.6-billion takeover by Cenovus Energy.

Cenovus and Exxon both published their third-quarter financial results on Friday as world oil markets continue to be impacted by Trump tariffs and increased production from OPEC+.

Cenovus foresees no further wrinkles in its takeover bid for MEG Energy, a day after a shareholder meeting to approve the deal was delayed due to a last-minute regulatory issue.

Strathcona Resources, which recently dropped its own hostile all-stock offer for MEG Energy, now says it intends to vote its 14.2 per cent stake in favour of the new Cenovus bid.

The company said at the time of the postponement that about 63 per cent of the MEG shares represented by proxy or expected to be voted in person at the meeting backed the bid.