Why Canadian Oil Stocks Are Soaring Today
Shares of Canadian oil producers are rallying today. Several had soared by double digits by mid-morning, including Canadian Natural Resources (NYSE: CNQ), Cenovus Energy (NYSE: CVE), Suncor Energy (NYSE: SU), and Ovintiv (NYSE: OVV).
A couple of factors are helping fuel the rally in Canadian oil stocks. Not only are oil prices bouncing back a bit today, but the country's oil sector also got some good news on addressing its infrastructure issues.
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Source Fool.com
