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Canadian Oil Stocks Gaining Traction Amid US Production Uncertainty
ByAinvest
Wednesday, Oct 29, 2025 6:44 pm ET1min read
Canadian oil stocks with long-life assets are gaining traction among global investors due to the uncertain growth outlook for US onshore oil production. The theme is inspired by persistent insider buying of oil patch stocks, including a hostile bid for MEG Energy Corp by Strathcona Resources Ltd. Cenovus Energy Inc's sweetened bid for MEG is set to be voted on Thursday. Greenfire Resources Ltd, also owned by Waterous Energy Fund, boasts 58-year reserve life index and a 55.9% stake in the company.
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