The West Coast Breakout: Ottawa and Alberta Finally Align on Energy
Why the new MOU changes the valuation calculus for Canadian heavy oil and breaks the US discount stranglehold.
For decades, Canadian energy producers have been held hostage by a single customer: the United States. Canadians sell their oil at a discount into a congested Midwest market, the US refines it, and American companies pocket the margin. Today, that dynamic shifted.
The Memorandum of Understanding (MOU) signed today between Ottawa and Alberta is not just a…
