Ubika Energy 20 index’s year-over-year performance beat both its benchmarks
It has been a strong period (September 26th -October 28th) for oil and it shows on the Ubika Energy 20 Index (UE20), as it climbed 7.4% with 17/20 companies on the index up over the period. Both the TSX Capped Energy Index and West Texas Intermediate have shown strength, powering up 9.8% and 9.5% respectively. We also welcome a new stock to the UE20 this week: High Arctic Energy Services (TSE:HWO). Blackbird Energy Inc. (CVE:BBI) was the top-performing component company during the past month, surging 57% after the oil and gas explorer/developer announced the receipt of regulatory approval for its infrastructure development, as well as the commencement of its fall drill program.
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