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Oil sands win favour on Wall Street after years in shale s shadow
Robert Tuttle and Michael Bellusci, Bloomberg News
Oil sands win favour on Wall Street after years in shale s shadow VIDEO SIGN OUT
After years in the shadow of the U.S. shale boom, the Canadian oil sands are emerging from 2020âs historic market crash with a slew of upbeat outlooks from Wall Street equity analysts.
Morgan Stanley and Goldman Sachs Group Inc. are the latest firms to point out the industryâs ability to generate healthy cash flow next year as a reason to buy stocks like Suncor Energy Inc., Canadian Natural Resources Ltd. and MEG Energy Corp. That follows similar reports from BofA Securities and BMO Capital Markets.
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