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19:33
Jan 03
Joseph Wang Author, Central Banking 101 / ex-Senior Trader, Federal Reserve Joseph Wang
Canadian oil loses heavy-crude bargaining power
Venezuela produces the same heavy crude grade as Canada, and if US-controlled Venezuela brings another heavy-crude source online, the US will have an alternative to Canadian heavy crude. That weakens Canadian oil companies' bargaining power because the US is their only major customer, creating a geostrategic problem for Canada.
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About Canadian oil companies Investor Commentary

Across the available history and selected sources, Buzzberg tracks Canadian oil companies across 1 sources: 0 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 0% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Latest voices: Joseph Wang.