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What Are the Best Canadian Energy Stocks to Buy in September?
Declining commodity prices drag the loonie down
Declining commodity prices directly impact export revenues and affect the top line for Canadian firms operating in the energy sector.
Crude Oil Up on September 21 Due to Drop in Inventory Levels
After posting moderate gains on Tuesday, September 20, crude oil prices inched higher on Wednesday, September 21, amid a drop in inventory levels. Crude oil prices also took support from the oil service workers’ strike in Norway.
Crude Oil Inched Higher ahead of the Brexit Vote
After showing weakness on June 22 due to the disappointing inventory report, crude oil started Thursday on a positive note.
Crude Oil Prices Were Weaker amid Mixed Sentiments
Crude oil prices were weaker in the early morning trading hours of July 19 amid mixed sentiments.
Crude Oil Remained Stable in the Early Morning on August 12
After gaining more than 4% on August 11, crude oil prices remained stable at three-week high levels in the early morning hours on August 12.
Crude Oil Reached 5-Week High Price Levels
After gaining for five consecutive trading days, crude oil is trading at five-week high price levels in the early morning hours on August 18.
Highfields Capital Management’s positions in 3Q14
Highfields Capital Management LP is based in Boston. The fund was founded by Jonathon Jacobson in 1998. The fund’s US long portfolio declined slightly to $12.8 billion in the third quarter.
Why Did Crude Oil Fall on Thursday, September 1?
After declining for three consecutive trading days, crude oil prices started Thursday, September 1, on a weaker note and declined as the day progressed. At 1:05 PM EDT on Thursday, the WTI crude oil futures contract for October delivery was trading at $43.44 per barrel, a drop of ~2.8%.
Crude Oil Strong on July 1 despite Increase in Oil Rig Count
Although crude oil started the day on a weaker note, it regained strength on Friday, July 1. Baker Hughes reported that the oil rig count increased for the fourth time in the past five weeks, adding 11 new rigs to reach 341 rigs.
How Did Crude Oil Perform on Tuesday, May 31?
Crude oil had a volatile trading day on Tuesday, May 31, 2016. At 1:40 PM EDT, WTI crude for July delivery traded at $49.67 per barrel, a gain of 0.67%.
Could 4Q16 Mark a Low Point for Encana’s Production?
Encana’s (ECA) 4Q16 production came in better than expected at ~311 Mboepd (thousand barrels of oil equivalent per day).
Marathon Oil’s Advantages Due to Its Exit from Oil Sands Mining
On March 9, 2017, Marathon Oil (MRO) announced an agreement to sell its Oil Sands Mining business assets to Royal Dutch Shell and Canadian Natural Resources. This transformative asset sale would mark MRO’s complete exit from Canada.
Analyzing the Energy and Industrial Sector on March 9
After showing weakness for two consecutive trading days, the energy sector rebounded on Thursday. The S&P 500 Energy sector rose 0.59% on March 9.
What Is Encana’s Production Outlook for the Next Five Years?
Encana expects total production to rise more than 60.0% in the next five years, with more than 90.0% of production to come from its core assets.
Crude Oil Prices Fell on November 29 before OPEC’s Meeting
On November 29, the West Texas Intermediate crude oil futures contract for January 2017 delivery fell 3.9% and closed the day at $45.23 per barrel.
Crude Oil Stable on November 23 amid Supporting Inventory Reports
At 12:50 PM EST on November 23, 2016, West Texas Intermediate crude oil futures contracts for January 2017 delivery were trading at $48.17 per barrel, a rise of ~0.27%.
Crude Oil Moves Higher in Early Hours amid Output Cut Expectations
After starting the week on a positive note on Monday, November 21, crude oil continued to move higher.
Crude Oil Is Weaker in the Early Hours on November 1
At 6:00 AM EST on November 1, the WTI crude oil futures contract for December delivery was trading at $46.75 per barrel—a fall of ~0.26%.
Crude Oil Is Weaker in the Early Hours on October 4
After starting the week on a positive note, crude oil prices lost momentum in the early hours on October 4.
Crude Oil Is Stable Early on September 2
At 6:30 AM EST on September 2, the West Texas Intermediate crude oil futures contract for October delivery was trading at $43.56 per barrel—a gain of ~0.93%.
Crude Oil Is Stable Early on August 25
After falling on August 24 amid a surge in crude oil inventory levels, crude oil is stable in the early morning hours on August 25.
Crude Oil Rebounds Due to the API’s Inventory Data
After falling for two consecutive trading days in this week amid oversupply concerns, crude oil prices rebounded after the inventory data released.
Crude Oil Recovered in the Early Morning Hours on August 2
At 7:00 AM EST on August 2, the West Texas Intermediate crude oil futures for September delivery was trading at $40.52 per barrel—a gain of ~1.2%.
Crude Oil Trading Weaker This Morning, July 15
After briefly recovering on Thursday, July 14, 2016, crude oil trading was weak in the early morning hours of July 15.
The Nuveen International Growth Fund’s Portfolio Moves in YTD 2016
The Nuveen International Growth Fund (NBQAX) invests at least 80% of its assets in non-US stocks. It can invest up to 30% of the portfolio in emerging markets.
Why Is Crude Oil Weaker This Morning?
After declining for five consecutive trading days, crude oil started Thursday on a negative note due to weaker-than-expected inventory data.
Why Is Crude Oil Trading at a 3-Week Low This Morning?
At 5:15 AM EST on June 14, the West Texas Intermediate crude oil futures for July delivery was trading at $48.17—a drop of 1.5%.
Information Technology, Energy Helped AMCPX Have a Superb 1Q16
The American Funds AMCAP Fund Class A (AMCPX) rose 0.4% in 1Q16. In the past year, the fund rose 1.2%, again the highest among its peers.
Canadian Dollar Fell for the 11th Straight Trading Day
The US dollar-Canadian dollar currency pair is inversely related to the Canadian dollar. It was on a positive bias on January 15, 2016.
A Depressed Outlook for the Russian Ruble in 2016
The Russian ruble dropped to an all-time low against the US dollar towards the end of 2015.
Canadian Dollar Fell to an 11-Year Low
The US dollar-Canadian dollar currency pair is inversely related to the Canadian dollar. It rose by 0.2% on December 18. The pair rose by 1.1% the previous day.
Canadian Dollar Fell despite Strong Domestic Data
The Canadian dollar fell against the US dollar on November 6, 2015. The US Dollar Index was trading stronger than the basket of currencies.
Highfields Capital Trades Key Positions in Its 4Q14 Portfolio
Highfields Capital Management is an investment management firm that manages private investment funds and caters to pension funds, philanthropic and charitable foundations, and endowments.
Point72 raises its position in Tyson Foods, Inc.
Point72 increased its stake in Tyson Foods, Inc. in the third quarter. The position accounts for 2.20% of the total portfolio—up from 0.59% of the fund’s 2Q14 portfolio.
Highfields Capital opens new position in Michaels Companies Inc.
Highfields Capital initiated a new position in MIK in the third quarter. The position accounts for 1.38% of the fund’s 3Q14 portfolio. Michaels is the largest arts and crafts specialty retailer in North America.
