If Saturday wasn’t a good day for Nicolas Maduro, Monday wasn’t a good day for Canadian energy stocks. Some of the biggest names in Canadian energy like Cenovus, Suncor and Canadian Natural Resources saw their stocks sink.

By contrast, some of the biggest American firms such as Chevron, ConocoPhillips and Exxon saw their stock values rise.

It’s all part of the early analysis of what the American incursion into Venezuela and the removal of Maduro means for the oil and gas sector. Venezuela not only has the largest proven oil reserves in the world, like Alberta’s oil sands it is a heavy sour crude.

Essentially, Canadian oil just got some competition on the market.

This wouldn’t matter as much if we hadn’t spent the last decade trying to suffocate the Canadian oil and gas industry. Without the disastrous policies of the last 10 years we would have

© Edmonton Sun