Canaccord Genuity Upbeat About Canadian Heavy Oil Prices

Canaccord Genuity Upbeat About Canadian Heavy Oil Prices
Cenovus Energy's Foster Creek operation. (Photo courtesy of Cenovus.)

Despite the steep drop in world oil prices, Canaccord Genuity is maintaining a bullish outlook for Canadian heavy oil prices because of several big improvements in the fundamentals, said Phil Skolnick, senior oil and gas analyst.


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