Chris Thompson | Head of Research | Ubika Research | Chris@UbikaResearch.com | 1 (416) 574-0469 Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506 Richard Waxman | Associate | Ubika Research | Richard@UbikaResearch.com | 1 (647) 770-2185
Oil price surges on news of the Iran deal exit, sparking gains in many energy stocks
Ubika Energy 20 (April 3, 2018 - May 24, 2018)
UE20: 21.9% (-3.9% Y/Y)
TSX Capped Energy: 16.3% (5.1% Y/Y)
Oil (WTI): 13.0% (39.4% Y/Y)
Dollar amounts in CAD unless otherwise stated.
Top Volume Gainers (m/m)
The Ubika Energy 20 Index climbed 22% since our last report dated April 3, 2018, outperforming its benchmarks, WTI crude oil and the TSX/S&P Energy Index, which increased 13% and 16%, respectively, over the same period. Notable performers for this report include:
Crew Energy Inc. (TSX:CR), which gained 39% on news of a Q/Q production increase.
Tamarack Valley Energy Ltd. (TSX:TVE), which returned 57% following the commencement of a stock buyback
Storm Resources Ltd. (TSX:SRX), which increased 37% following an encouraging earnings release.
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