A recovery in world oil prices as well as the narrowing of the discount for Canada’s heavy crude has led to a surge in production for nearly all of the country’s heavy oil producers. SunCor’s Fort Hills production ramped up ahead of schedule (PG 1), and Cenovus Energy reported Q2 production up 19% YOY (PG 3). Husky Energy was an exception, reporting a 7.5% decline in production from a year ago (PG 1). Prairie......
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