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As global recession fears grow, business leaders believe energy will help province weather storm

Calgary Herald: 'Mullen Group, which also offers specialized services to the natural resources and construction sectors, reported net income increased 97 per cent from the same period a year ago to $43 million. The company’s stock climbed 12 per cent Thursday to close at $13.12 on the Toronto Stock Exchange.

'In an interview, Mullen said he expects the energy sector to continue to perform well through the year with demand for additional drilling, as spending by petroleum producers expands.

'“In the absence of a total economic collapse, which I don’t think will happen, I suspect energy prices will stay elevated. And Alberta is going to be the best place to be,” he said.'

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Citation Moving Marvels
Citation Moving Marvels
Nov 15, 2023

As fears of a global recession grow, the province's business leaders are optimistic that energy investments will help them weather the storm.

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