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Originally Posted by burn_this_city
According to the ticker at the top of cbc.ca both deals have been approved. If true, I wonder how that will affect the share price of other Canadian O&G firms.
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I would suspect most Canadian oil stocks will be up a solid amount on Monday. Longer term I would be wary of them. If the U.S can increase oil production like some think, the demand for Canada's oil (especially from the Oil Sands), will decrease significantly.