ATHOF - Peak Pessimism - Investors Have Given Up On Canadian Energy Stocks Why Now Is The Time To Load Up
Welcome to the peak pessimism edition of HFI Research Exclusives!
In late August, Canada's federal court of appeals dealt a big blow to the Trans Mountain pipeline project. The court ruled that the Canadian government did not 1) study the impact of higher shipping traffic on the killer whale population and 2) did not consult with First Nation.
Following the setback, Canadian energy stocks went into freefall with investors selling energy stocks indiscriminately across the board, but mainly in Canadian heavy oil producers.
On the day of the court ruling, we wrote an article titled,