Hedge Fund that won shorting U.S. shale companies leads to beaten-down Canadian oil sector

Hedge Fund that won shorting U.S. shale companies leads to beaten-down Canadian oil sector

Canada’s energy industry has seen a downturn on financial blows, caused by lack of pipeline availability that’s has choked off growth prospects. Which led foreign companies ditch more than $30 billion of assets in the past three years.

This week, TD Securities Inc. maintained an overweight stance on the Canadian energy sector while downgrading U.S. exploration and production companies.

 

Reference: https://energynow.ca/2020/01/hedge-fund-that-won-big-shorting-u-s-shale-is-bullish-on-canada/?source=de&wtv=jeff@corecre.ca

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