The stocks of Canadian heavy oil producers have just taken a shellacking over the last six months. Much of the downdraft has coincided fairly well with the results of the American presidential election in early November, sending Donald Trump back to the White House. Trump has promised to levy a 25% tariff on Canadian imports if that country doesn’t improve its border security measures. The smart money recognizes this as being mostly bluster on his part, but it has put the Canadian government into a full-stop panic-as it was intended to do.
