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Why Are Canadian Oil & Gas Companies Down?

This runup in oil prices has resulted in energy companies across the globe seeing their stock prices rise as cash flow expectations ramp up. However, Canadian energy companies have lagged global peers and for some names – gas producers in particular - dropped precipitously during this same time period. The reason

February 2018 Oil Price Update

This week, everything is down – stocks, bonds, commodities and Bitcoin have all been hit hard by the return of volatility, with no safe havens (ironically, Snapchat and Twitter did very well). This sell off was not in line with economic data, which was broadly positive throughout the week. Consumers are

Oil and Gas Investing and the Futures Curve

A lot of investors look at oil and gas stocks as a way to bet on the oil price. Levered oil and gas stocks add more torque to the oil bet. However, the stocks that tend to have the most torque to oil prices and live and die with the

Macro Brief for Interviews: Oil and Interest Rates

As a continuation of our last macro post and knowing that investment banking interviews continue to include more macroeconomic questions to separate engaged candidates from brainless, preppy kids who have memorized the Vault guide, we are going to touch upon some of the more popular themes right now for major

A Ceiling on the Recent Oil Price Run Up

Oil glut moved to gasoline or stored in tankers

Oil has been steadily rising the last few weeks, with the Canadian dollar strengthening in tandem. Market talking heads have been calling a return to $65 or $70 oil as OPEC effectively “rebalances” the market with cuts, theoretically a smart way to capture more money from oil buyers while existing

Trump, Oil Production and Game Theory

One of Trump’s campaign bedrocks has been energy independence. The Trump Administration and the Republican Party are “Pro-Energy”, a term that has political association with fossil fuels and big oil. The two sides of the debate are well known and entrenched. Proponents of this policy cite jobs, affordability and national security

The Price of Oil and the Canadian Dollar

In this post, oil’s relationship with the Canadian Dollar – US Dollar exchange rate is discussed. In our next post, the global supply and demand paradigm with consideration to OPEC cuts and US shale production will be dissected. Oil (as measured by the US$ cost of a barrel of West Texas

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