The Ubika Energy 20 (UE20) index slipped 15.2% during the past month, largely in line with the 14.2% drop in the crude oil (WTI) price. The TSX Capped Energy Index, meanwhile, eased 11.3%, still suffering due to the oil price diverging further down to the US$30/barrel level. Mart Resources, Inc. (TSX: MMT) was the top-performing component company this month, powering 143% higher after agreeing to be acquired for a purchase price of C$0.25 per share.
Interested in previous UE20 reports? Here’s the archive link.
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