Below you'll find a list of all posts that have been categorized as “The Well Street Journal”
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 …
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 …
On October 1st, Shell provided the green light for LNG Canada, sending a positive message that Canadian natural gas can be competitive globally and that Canada can be a place for investment when it comes to large scale energy projects. Construction is expected to start immediately, with benefits to be experienced across a number of sectors over the life of …
Our Sequeira OFS Index was up 3.2% month-over-month and up 5.2% year-over-year to the end of August. Canadian OFS stocks rallied through August before experiencing a pull-back the last week due to the reversal of the Trans Mountain pipeline expansion approval. The reversal served to re-emphasize the significant take-away capacity constraints limiting oil production growth in the WCSB; however, the …
Our Sequeira OFS Index was down 0.2% month-over-month and down 3.1% year-over-year to the end of July. Over that same period, WTI was down 5.1% month-over-month, but up 37.1% year-over-year – demonstrating the year-over-year dichotomy between OFS stock returns and crude prices. While many of the larger American oilfield service companies beat consensus Q2 earnings expectations, their Canadian counterparties earnings …
