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Energy stocks (XLE) have retraced all of their gains since Russia's invasion of Ukraine, are down ~15% from recent highs and still well below all-time highs reached in 2014. Yet oil prices (USO) remain elevated in the face of historic reserve releases and a lockdown of the Chinese econom...
Energy stocks have been the best-performing sector on the Toronto Stock Exchange (TSX) this year. It is no surprise when considering crude oil is now trading over US$120 per barrel. Canadian energy stocks are leaner, more efficient, and more productive than ever. Plenty of dividends...
The last two trading sessions have been horrendous, with the Nasdaq 100 and S&P 500 hitting new lows for the year, down around 31% and 22%, respectively, at writing. The TSX Index is back in correction territory, and questions linger as to how many rate hikes it will take before inflati...
The Russia-Ukraine created a supply and demand imbalance that achieving stability in supply chains might take longer. As of this writing, Brent and West Texas Intermediate (WTI) crude prices per barrel are US$121.70 and US$120.20, respectively. Stephen Schork, the principal at Schork Re...
Cenovus (CVE) announced Monday the acquisition of a 50% interest in the Sunrise oil sands project from BP (BP). Cenovus already owns the other 50% of the project and operates the asset. The company will pay BP (BP) C$600m up front, with a C$600m max earnout, and swap a 35% stake in the undeve...
Gas prices are out of control this year. Many Canadian cities are seeing prices approaching $2.25 per litre, and some have already crossed that threshold. In most provinces, prices hit record highs in 2022. For some, the price increases are just a cost of doing business. If you have to ...
CALGARY, Alberta, June 13, 2022 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has reached an agreement to purchase the remaining 50% of the Sunrise oil sands project in northern Alberta from bp. Total consideration for the transaction includes $600 million in cash, a variab...
The Montney gas play in western Canada is one of the world's most significant resource plays. As the oil and gas bull market roars on, investors should consider maintaining a meaningful exposure to Montney. Below, I discuss why you should do so and explain how to get an exposure w...
Canadian energy stocks have soared over the past few weeks. It has paid being a contrarian investor in Canadian oil and gas stocks. This year alone, the S&P/TSX Capped Energy Index is up nearly 75%! That is compared to the S&P/TSX Composite Index , which is down -2%. ...
Growth strategies try to find companies that will continue to produce above-average earnings growth. Growth strategies show more consistent performance with smaller stocks, although O’Shaughnessy prefers not to exclude large firms from consideration. O’Shaughnessy...
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CALGARY, Alberta, June 20, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), as a member of Pathways Alliance, today issued the following statement with respect to the Canadian government’s Bill C-59. As one of the largest oil sands companies in Canada, and a membe...
2024-06-07 15:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-30 03:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...