Why Canadian Oil Firms Might Be The Safest Bet As Prices Rise ...Middle East

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Why Canadian Oil Firms Might Be The Safest Bet As Prices Rise
source : OILPRICE ( Middle East ) () 39
The latest oil price rally seems to have sparked the interest not just of private equity firms after years of crowding the ESG space but of other investors, too. With oil prices in three-digit territory, producers are raking in cash, and more and more people want in. What's their best bet? According to one Canadian fund manager, the local oil industry is the best pick. It's geopolitical-risk-free, Eric Nuttall says, and it is not as capital-intensive as U.S. shale. To add one more point to Nuttall's, Canadian heavy crude is in great demand as Russia…

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