About 90% of Ubika Energy 20 component companies were up over the period
It’s been a period of strong upward movement for the Ubika Energy 20 (UE20) Index, climbing 7.9% and surpassing the rise in the oil price, which is only up 6.7%, and just slightly edging out the TSX Capped Energy Index, which gained 7.8%. Just two of our 20 component companies had negative returns since our last report. Delphi Energy Corp. (TSX:DEE) was the top performing component company during the past six weeks, surging 45% after the natural gas producer entered into a Letter of Intent with an industry partner, which is expected to accelerate the development of its Deep Basin natural gas play at Bigstone in Alberta.
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