Oil
Analysts Shift Gears: Suncor and Imperial Oil Upgraded, CNQ Downgraded
In a surprising shift, TPH & Co. has downgraded Canadian Natural Resources (CNQ.TO) from “buy” to “hold” while boosting both Suncor Energy (SU.TO) and Imperial Oil (IMO.TO) to “buy.” This adjustment reflects growing concerns about valuation for CNQ and a more …
Trump’s Tariffs on Canadian Oil: Scotiabank Says It’s a Buying Opportunity
The oil and gas sector in Canada is facing yet another challenge as former U.S. President Donald Trump enacts a 10% tariff on all energy imports from Canada. Despite the immediate market uncertainty, Scotiabank Global Equity Research sees this as a temporary …
Suncor, Imperial, and the "Drill, Baby, Drill!" Effect on Canadian Energy
Canada’s largest oil and gas companies are entering earnings season under the shadow of former U.S. President Donald Trump’s potential return to office. As Imperial Oil (TSE: IMO) and Suncor Energy (TSE: SU) prepare to report their fourth-quarter results, …
Oil Markets Favor Trump as Wall Street Predicts Surplus
As the world gears up for 2025, President-elect Donald Trump is poised to benefit from a market dynamic that has Wall Street buzzing: the projection of falling crude oil prices. Experts predict that abundant global supply will lead to a substantial drop in oil …
Billionaire Carlos Slim Bets Big on Oil: $1 Billion Investment Revealed
Latin America’s richest man, Carlos Slim, has made waves in 2024 with a $1 billion investment to expand his oil production and refining portfolio. Known for building a telecom empire through América Móvil SAB, Slim has diversified his holdings over the years. …
War and Supply: The Push-Pull Dynamics of the Oil Market
Oil markets held steady this week as traders balanced escalating geopolitical tensions with the latest US stockpile data. The delicate interplay between these forces has left prices hovering near $69 per barrel for West Texas Intermediate (WTI) crude.
Global Oil Demand Slows as OPEC Cuts Forecast for the Fourth Time
The Organization of Petroleum Exporting Countries (OPEC) has reduced its forecast for oil demand growth for the fourth consecutive month, reflecting a sharp adjustment in response to slower-than-expected economic activity in major consumer markets like China. …
From Oil to EVs: The Trump Effect on America’s Energy Future
With Donald Trump’s recent victory, the United States’ energy and environmental policies are set for a profound shift. This win empowers Trump to push his “America First” energy agenda, emphasizing fossil fuels, lowering consumer energy costs, and reducing …
Canadian Oil Stocks Set to Shine: A Bullish Outlook for Q3 Earnings
Canadian oil stocks are primed for a robust performance as analysts on Bay Street express optimism ahead of the upcoming third-quarter earnings season. The momentum is driven by the recent operational launch of the Trans Mountain Pipeline (TMX) expansion, …
Oil Prices Spike as Tensions Rise—Why Oil Stocks Are a Safe Bet
Oil prices are surging, and the rally shows no signs of slowing down as geopolitical tensions in the Middle East escalate. Last week, crude oil futures (CL=F) surged by 9%, marking the biggest weekly gain since March 2023. This sudden rise in oil prices comes …