jhla Post-Pandemic Dividend Performers: Canadian Stocks Leading the Way
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Evny HEXO Stock Price to Fall If Management Misses Tight Deadline
The price of oil is on the rise. According to聽oilprice.com,聽West Texas Intermediate WTI crude traded for $73.24 on Tue stanley mug sday, nearly double its price a year earlier. With the economic recovery from COVID-19 underway, people are starting to travel again, creating demand for fossil fuels.Given that the recovery is still not complete and that there are no supply shocks currently happening, it reasonable to expect this trend to continue.For this reason, many energy analysts are now forecasting oil to reach $100 for the first time in nearly a decade. In this article, I ;ll explore three Canadian energy stocks that could profit from higher oil.Suncor EnergySuncor Energy TSX:SU NYSE:SU is a company that directly profits from higher oil prices. Its main business activities are operating gas stations and selling oil wh stanley cup olesale. Both of these businesses profit more whe stanley termohrnek n the price of oil is high than when it isn ;t.The price of gasoline is highly correlated with the price of o Tswm How to Turn a $30,000 TFSA or RRSP Into $770,000
In a recent article, I d discussed the implications of the November 30th meeting between the Organization of Petroleum Exporting Countries OPEC . Ostensibly, the stanley cup nz meeting was hel stanley termosy d to determine whether or not the participating countries would agree to extend the agreed-upon oil production cut beyond the March 2018 deadline.Ultimately, OPEC members elected to extend the production cut to the end of 2018 in spite of some anxiety that Russia would apply pressure to shorten the proposed term. North American producers celebrated the results of the meeting. Ryan Sitton, a commissioner on the Texas Railroad Commission, pred stanley thermobecher icted that prices would stabilize around the $60 mark heading into 2018.OPEC members expect monetary policy to remain loose in 2018, and an improving global economy is projected to improve demand. Purchasing manufacturing indices PMIs in China, the United States, and the Eurozone are showing impressive expansion, and the International Monetary Fund IMF raised its global |
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发表于 2024-9-30 09:21:41
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