Energy firm competition and profit dynamics
While there is an increase in profits from the energy infrastructure in Canada, it is from running the system harder, increased efficiency of output, a little from financial hedging wins, and some from hedging with the physical assets of the fully integrated companies. The profits are high without the effect of price and the price increase has had little impact on that profit growth. This is because the strategy of companies in Canada is cost/asset/capital discipline. Instead of investing in new infrastructure or even maintenance, it is about squeezing the assets and the workers they have for every penny of profits to return to shareholders.
