Investors staying away from energy stocks despite Canadian oil’s huge rally

A massive 87 per cent rally in Canadian crude oil prices since the end of 2018 has not been enough to convince skeptical investors to re-enter the challenging energy sector, leaving a few stocks trading below liquidation values.

Other major names such as Imperial Oil Ltd., which is up eight per cent, and Husky Energy Inc., down one per cent, are lagging far behind. And yet there are no buyers at the moment for Canadian energy stocks, said Nuttall, who added that that’s reflected by trading volumes hovering at 70-80 per cent of their average levels.

Even after investing in Cenovus, Levine remains underweight on the sector — one that he said is ripe with political issues that are stopping him for now from investing any further.

Trudeau feels Canadian energy companies are experiencing his policies differently

Yet all running to the Saudi $100million bond offerring..

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Electric vehicles, demand for cleaner energy has pushed Big Oil to take small steps toward refocusing businessTheir funding for oil exploration dwarfs any alternatives, but they are buying up power generation and retail utilities to integrate with their long-standing natural gas and emerging renewables ventures
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

BC Hydro shedding ‘junk power’ contracts - also known as clean energy investmentThe province says it doesn’t need all the 131 independent power projects that it currently has signed on
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »