Latest Perspective on Canadian Upstream Industry: CNQ, OVV, BTE
CNQCanadian Natural Resources(CNQ) ZACKS·2024-08-23 21:26

The Zacks Oil and Gas - Exploration and Production - Canadian industry is experiencing a mix of trends that shape its outlook. The Trans Mountain Pipeline Expansion Project is a significant development, enhancing Canada's crude transportation capacity and enabling upstream operators to reach broader markets with better pricing. This infrastructure improvement is poised to strengthen the industry's global competitiveness. However, challenges persist, such as the struggle to push oil prices beyond $70 per bar ...