These orders are making oil and gas investing a field full of land mines - even move than normal :).
Within North America 2 subsectors of operators have been impacted so far. First, Canadian oil sands companies, which I favored heavily during 2020, with the blockage of Keystone XL. Two, the operators effected by possible ban on federal lands. DVN, EOG, COP, MRO, CXO, MTDR, XEC, OXY, and WPX have greater than 20% of their total acreage leases on Federal land. A 20% write down of value is a large risk.
I don't know how to quantify the impact of XL on WTI/WCS differentials. If anyone has an idea I would like to see it.
