Canadian Natural Resources, Ovintiv and Obsidian Energy are part of the Zacks Industry Outlook article.
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ, OVV and OBE.
Oil and gas producer Obsidian Energy said on Wednesday that blockades by Canada's Woodland Cree First Nation forced it to shut in production at two of its sites amid an ongoing dispute with the Indigenous community. The company said that the first blockade took place near its Walrus field asset on May 5, forcing a production shutdown. The blockade later shifted near the entrance of its Harmon Valley South (HVS) field operation on May 11, Obsidian said.