Today, analysts Joel South and Taylor Muckerman look at Canada's rejection of the proposed $5 billion Petronas-Progress deal that would have given Petronas control of the Canadian natural gas producer.

The surprise decision has some favorable implications for many independent U.S. energy companies. Joel sees a trend whereby Canada is more likely to reject national oil companies, thereby opening the door for other public North American energy companies.

Joel South and Taylor Muckerman have no positions in the stocks mentioned above. The Motley Fool owns shares of ExxonMobil. Motley Fool newsletter services recommend Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.