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Oil patch stocks bruised by growing U.S. outflows Add to ...

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U.S. investors have winnowed down their positions in some companies in the Canadian energy sector, adding to already-heavy pressure on stocks that should be getting a lift from recently improved crude prices.

The effect, which appears to be driven by lingering fears over Canada’s ability to add new export pipeline space as a route to higher oil prices, is most pronounced at Cenovus Energy Inc., the oil sands producer, TD Securities analysts said.

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