The Shell deal “just shows that the liberal government is serious about making Canada an energy superpower,” BMO Capital Markets analyst Jeremy McCrea said by phone. “Here we’re seeing regulations be more amenable to oil and gas development and, as a result, given the resource that we have here, you’re seeing international names take quite a bit more interest and I think a big part of that is because we still really haven’t developed our resource nearly as aggressively as other countries or especially the US.”