Canadian Oil Producers Losing Shield From Rout as Hedges Expire

Updated on
  • RBC, HSBC cut price forecast as oil stays `lower-for-longer'
  • Canadian oil hedges fall to 3% in 2017 from 19% this year

A defense Canadian oil producers had against the plunging price of crude is crumbling as hedges expire amid projections that crude will continue to decline.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.