Sequeira Energy Synopsis – January 2019 Newsletter

Following a rough December for Canada’s oil and gas industry, January brought reasons for cautious optimism. WTI prices were up 18% on the month while WCS prices soared by 49%, driven by continued production cuts and a global shortage of heavy oil. Pricing gains were also reflected in the market, as Canadian OFS equities were up nearly 15% compared to …

The Well Street Journal – Q4 2018 – Energy and Industrial Services Quarterly Review

Much can be said about the state of the energy industry in Canada during 2018, but few could dispute it was a roller coaster ride throughout. Prices and activity levels climbed steadily in the first half of 2018, with many (including ourselves) predicting better days ahead for the industry. Instead, transportation bottlenecks and global economic concerns hammered the industry in …

Sequeira Energy Synopsis – November 2018 Newsletter

Followed by a tough October, November also proved to be challenging for the energy industry – not just within Canada, but globally too. Certainly, Canada is dealing with its own challenges right now; however, WTI prices were down 22.0% month-over-month to the end of November whereas Canadian oilfield service equities were only down 9.4% over that same period. While it …

Sequeira Energy Synopsis – October 2018 Newsletter

October was a tough month for North American equities as we saw the TSX composite index drop 6.5% and the S&P 500 experienced its worst month since September 2011. Canadian oilfield service equities were hit especially hard this month as our Sequeira OFS Index was down 9.6% month-over-month and down 14.4% year-over-year to the end of October. Contributing to the …