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CS - Canada’s oil patch approaches YE19 with a heavy heart - October 2019
As 2019 approaches its end, the Canadian oil patch continues to labor under the weight of challenges from within and without. At the macro level, recent events in the Middle East have rendered forecasts about the short- and medium-term trajectory of prices futile. However, the country’s burdens are largely homegrown and continue to be marked by regulatory heaviness and recently revealed corruption (PG.13), as well as supply constraints and foreign capital flight. Despite these......
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