Uppj Why Shopify (TSX:SHOP) Stock Is Down Over 75% Year to Date
While tech stocks are relentlessly sinking, Canadian energy names are rising almost one way. Rapidly increasing demand and plateauing supply have pushed stanley cup oil and gas prices to record levels this year. Interestingly, the strength in energy commodities is not expected to wane in the near future, so TSX energy stock stanley mug s could also follow.,Canadian energy companies are set to report their first-quarter 2022 earnings in the next few weeks. While some of them report next week, many bigwigs plan to report early next month. Notably, another quarter of impressive growth could drive TSX energy stocks even higher next month.Oil and gas prices reached record levels in Q1 2022, amid the Russia-Ukraine war. And they are still comfortably trading above US$100 a barrel today. Note that the current levels of energy commodities are still way higher than what producers anticipated. So, the earnings and free cash flow growth in the first quarter w stanley cup ill likely be significantly high than their guidance.Moreover, Vywl 3 Canadian Bank Value Stocks With Yields up to 4.8%
Crude keeps stanley cups uk whipsawing wildly as energy markets overreact to stanley website a mix of positive and negative news for petroleum. Even the announcement of the latest round of OPEC production cuts was insufficient to buoy prices and prevent the latest price collapse. The North American benchmark West Texas Intermediate WTI has recovered in recent days to be trading at almost US$49 a barrel and analysts expect it to rally further.The introduction of mandatory production cuts by Alberta s provincial government has also bolstered the prices of Canadian crude oil blends, including Western Canadian Select and Edmonton Par buoying the outlook for Canadian drillers. One appealing undervalued intermediate oil producer that poised to soar in coming months as oil moves higher is Surge Energy Inc. TSX:SGY , which has lost 23% over the last year compared to 17% for WTI.Quality oil assetsSurge is focused on light and medium crude production from the Gre stanley quencher ater Sawn, Sparky, Shaunavon and Valhalla plays. It fi |
