The first half of 2023 was rough on Canadian oil and gas stocks after a stellar 2022, but bullish sentiment remains. Investors single out as obstacles an adverse policy environment and sentiment toward the industry, and point to the need for ongoing capital investment as the green energy transition stutters.
Eric Nuttall, a leading oil and gas investor, says it makes no sense that Canadian companies trade at a discount to their U.S. counterparts given the depth and quality of inventory advantages they have over the U.S. shale firms. 
But he adds that it’s reasonable to keep in mind the impact of “current federal government policies.”…