The Ubika Energy 20 (UE20) index slipped 8.8% in the past month, yet outperformed both the WTI Crude oil price and TSX Capped Energy Index benchmarks, which declined 15.2% and 9.3%, respectively. TAG Oil Ltd. (TSX: TAO) was the top monthly performer despite slipping 5%. The New Zealand-focused oil and gas company ended its fiscal year with strong revenue and production results.
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