Canadian oil and gas producers are awash in cash for the first time in years, thanks to crude prices that have surged back to multi-year highs after their collapse early in the pandemic.
Revenues are expected to reach record levels this year if oil prices stay high, coming on the heels of a long stretch of belt-tightening and spending restraint across the industry.
The sting of a sharp downturn in the spring of 2020 is now largely in the rear-view mirror, as industry leaders find themselves in the enviable position of deciding what to do with the money gushing into company coffers.
Typically, when oil prices
