Ubika Energy 20 edged the TSX Capped Energy Index year over year
OPEC’s agreement to cut production and Trump’s pro-pipeline sentiments were not enough to lift our Ubika Energy 20 (UE20) Index, as it shed 13.6%. The UE20 index underperformed both its benchmarks, as oil saw a modest gain of 3.7% while the TSX Capped Energy Index dropped 8.9%. High Arctic Energy Services Inc. (TSX: HWO) was the top-performing component company during the past two months, climbing 16% following contract renewals, a dividend hike, and the closing of the Tervita Production Services acquisition.
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