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'Energy stocks are down this year. But the bullish case is very much alive. Count Canadian energy stocks among this year’s biggest disappointments.'
#COM 1/5
theglobeandmail.com/investing/mark…
#COM 1/5
theglobeandmail.com/investing/mark…
TD analyst: Energy market is being driven partly by speculative behaviour, as panic-stricken commodity traders react to deteriorating economic activity and the U.S. banking crisis that emerged in March.
the dip in energy stocks this year, to a range between US$70 and US$80 a barrel, suggests that the commodity is caught in a period of uncertainty, which could be rewarding for investors if demand holds up.
“It’s trying to find a direction now, and we think that direction is slowly moving upwards through the end of the year”
ATB -“Even with lower oil prices, there is still a high level of profitability here and a good focus on shareholder returns”
ATB -“Even with lower oil prices, there is still a high level of profitability here and a good focus on shareholder returns”
'The completion of the Trans Mountain pipeline expansion project, which will increase the amount of oil shipped from Alberta to the B.C. coast for export, only bolsters the long-term attractiveness of the sector'/END
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