Make sure you keep some exposure to oil

Oil prices continue to rebound from their 2020 lows as more parts of the global economy reopen with the rollout of COVID-19 vaccines. OPEC’s commitment to maintain its current production cuts also helps support prices.
That’s good news for these four high-quality producers. Their recent cost… Read More

Cenovus Energy Inc. is about to be born

Cenovus Energy Inc. is about to be born

A pending merger between two large oil and gas producers will create an entity capable of producing 750,000 barrels of oil equivalent per day as well as a 660,000 barrel a day refinery. 

The new firm will be able to cut costs significantly and compete more… Read More

Merger drives down production costs

The price for West Texas Intermediate crude oil fell to a negative $37 U.S. a barrel in April 2020 as the COVID-19 pandemic, combined with a lack of storage space, triggered a massive sell-off of oil futures contracts. Prices have since recovered to around $42… Read More