Patrick Smith | Analyst | Ubika Research | Patrick@UbikaResearch.com | 1 (647) 444-5506 Alp Erdogan | Analyst | Ubika Research | Alp@UbikaResearch.com | 1 (647) 479-5690 William Xiao | Associate | Ubika Research | firstname.lastname@example.org | 1 (647) 828-4632
Oil price is starting to rise again as Iranian sanctions loom
Ubika Energy 20 (May 24, 2018 - July 16, 2018)
UE20: -4.3% (3.6% Y/Y)
TSX Capped Energy: -2.3% (53.1% Y/Y)
Oil (WTI): 1.6% (25.2% Y/Y)
Dollar amounts in CAD unless otherwise stated
Top Volume Gainers (m/m)
The Ubika Energy 20 Index declined 4.3% since our last report dated May 22, 2018, underperforming its benchmarks, WTI crude oil and the TSX/S&P Energy Index, which decreased 2.3% and increased 1.6%, respectively, over the same period. Notable performers for this report include:
Corridor Resources Inc. (TSX:CDH), which slid 25% after poor exploration results at its Old Harry property.
Orca Exploration Group Inc. (TSXV:ORC.B), which rose 10% following its Q1 earning report.
Bonterra Energy Corp. (TSX:BNE), which gained 7% due to strong dividends with a 30% payout ratio.
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