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This 2012 file photo shows a pair of pumpjacks pumping oil from an old well on a farmer's frozen field near Pigeon Lake, Alberta. (Norm Betts/Bloomberg)
This 2012 file photo shows a pair of pumpjacks pumping oil from an old well on a farmer's frozen field near Pigeon Lake, Alberta. (Norm Betts/Bloomberg)

Investors shun oil sands amid U.S. protectionism fears Add to ...

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Energy investors are shunning Canada’s oil industry as fears over U.S. protectionism outweigh improving financial results.

Several major companies returned to profitability through the fourth quarter while boasting increased cash flow and lower production costs as crude prices rose – a sharp reversal after a punishing slump marked by deep cuts to staffing levels and budgets.

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