Sequeira Energy Synopsis – February 2021 Newsletter

February was a strong month for the energy sector with higher prices driving both the Sequeira OFS index and the TSX Energy index higher by 14% and 22% in the month respectively. That said, investors, many burned by promises of past recoveries, have hesitated to return capital to the Canadian energy sector and performance has lagged broader market activity. As …

Sequeira Energy Synopsis – January 2021 Newsletter

While there’s no doubt that 2020 will be engrained in everyone’s minds for all the wrong reasons, we’re becoming increasingly optimistic that 2021 will be one to remember for all the right reasons. Many countries are in the midst of their vaccination programs with the markets anticipating a return to “normal” in the coming months. On the oil and gas …

Sequeira Energy Synopsis – November 2020 Newsletter

We finally received the news we’ve been waiting for with the successful development and trials of several vaccines that are now being distributed across the globe. The news comes at a time when a surge in COVID cases in much of the Western World has forced governments into various lockdown measures. While oil prices declined early in the month with …

Sequeira Energy Synopsis – May 2020 Newsletter

Coming off one of the most difficult economic periods in history, oil prices improved substantially in May largely driven by anticipation for improved demand coupled with unprecedented cuts to supply. Despite improved pricing, operators are being disciplined with spending with the number of active rigs in Canada hitting a record low in May down to 21 active rigs. As we …

Sequeira Energy Synopsis – January 2020 Newsletter

Crude pricing declined steadily throughout January in response to global economic concerns, while the Canadian active rig count ended the month at 247, the highest count recorded since March of 2018. The lower prices, which largely resulted from fears of a COVID-19 pandemic, have put a damper on what was shaping up to be a positive month. Both the Sequeira …