It’s sage advice offered in the classic movie All the President’s Men, and it’s sound guidance to understand what’s unfolding in the Canadian oil and gas industry today.

Varcoe: 'A big green light for Canada': More international capital flowing back into country's oil and gas sector Back to video

As uncertainty ripples through global energy markets amid the war in Iran, importing countries want to secure oil and gas from dependable exporters.

And investors are paying attention to Canada.

“This is the third time that I’ve seen a big green light for Canada, where (capital) is flowing back,” ARC Financial Corp. CEO Brian Boulanger told the Global Energy Forum on Thursday.

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“But I can tell you also, the last two times, the capital left almost as quickly as it came, on a bunch of broken promises.”

ARC is Canada’s largest energy-focused private equity manager, and Boulanger notes 27 multinational oil and gas companies were active in Canada in 2015, but that number later fell to 14 with the exit of international players.

Yet, there are signs of change, such as supermajor Shell’s recent $22-billion acquisition of ARC Resources.

More than $5 billion of institutional capital flowed into Canadian oil and gas stocks over the past year, led by investors from outside the........

© Calgary Herald