The S&P/TSX Capped Energy Index has climbed 87 per cent year-to-date, outperforming the Canadian benchmark index’s 23 per cent jump.
Analysts and investors believe a handful of additional energy names, such as Nuvista Energy Ltd., are also poised to join the index in the early part of next year as the outlook for oil and gas commodity prices remains bullish. “They have to chase what’s going into these indices,” Tahmazian said of passive fund managers, adding the same thing could happen in the first quarter of 2022 whenThis advertisement has not loaded yet, but your article continues below.Nuvista shares are up an astounding 671 per cent this year, rising $6.18 each to $7.10 per share on Wednesday. Despite that performance both Tahmazian and ATB think the company’s $1.
Tourmaline’s sister company, Topaz Energy, is poised to join the main Canadian index in December and could benefit from also joining the S&P/TSX Composite ESG Index, Jantzi Social Index and S&P/TSX Composite Carbon Price Index, according to a Raymond James research report.