Enterprise Oilfield Group Inc. (TSX: E): Alberta’s Growth in Population and Economy
Enterprise Oilfield Group Inc. is a pipeline construction and horizontal directional drilling company with a primary focus on Alberta, Canada’s oilfield and utility infrastructure markets. During 2002 – 2007, Alberta’s economy grew at an average of 4.7%, compared to an average growth rate of 2.7% in Canada. The consensus forecast is Alberta’s economy will continue to outperform the national average in 2008 and 2009, but not to the levels seen during 2004 –2006 associated with the energy boom. The current population in Alberta is estimated around 3.5 million, representing 10% of the population in Canada. During 2006 – 2011, the…