Oil price shows signs of recovery yet many Canadian oil and gas stocks continue to be weak
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The Ubika Energy 20 Index declined 7.8% since our last report dated January 29, 2018, underperforming its benchmarks, WTI oil and the TSX/S&P Energy Index, which decreased 0.9% and 7.6%, respectively, over the same period. Notable performers for this report include:
- Blackbird Energy Inc. (TSXV:BBI), which climbed 22% buoyed by strong production and testing results.
- TAG Oil Ltd. (TSX:TAO), which slid 18% due to the failure of one of its exploration drills.
- Delphi Energy Corp. (TSX:DEE), which declined 11% despite strong production results.
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