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Wanted: A pipeline for unloved oil

From bnnbloomberg.ca

If Canadians were hoping for better times with a new man in charge to their south, they were quickly disappointed in at least one respect. One of President Joe Biden’s first acts after taking office was to revoke the permit for the Keystone XL oil pipeline. The move wasn’t a surprise, but it dismayed national and provincial leaders north of the border nonetheless. It thrusts squarely back on their shoulders a problem that has dogged the province of Alberta’s oil and gas industries for decades — how to get what they produce to international markets. Alberta dominates Canada’s oil production and if it can’t develop its ... (full story)

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  • Category: Fundamental Analysis