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Canadian oil stocks rise after pro-energy party wins in Alberta

April 17, 2019 12:25 PM
Reuters

** Shares of Canadian oil producers rise after pro-energy party wins landslide victory in the country's main oil-producing province of Alberta

** United Conservative Party (UCP) leader Jason Kenney has backed measures to prop up the province's energy industry as it struggles with pipeline congestion ** Cenovus Energy up 2.8%, Suncor Energy up 1.2%, MEG Energy up 2.4%, Canadian Natural Resources up 2.5%

** On YTD basis; CVE up ~42%, SU up ~18%, MEG down ~15%, CNQ up ~30%

(Reporting by John Benny in Bengaluru)
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