As global restrictions continue to lift and economic activity ramps up, crude pricing has continued to improve. In concert with improvements in commodity pricing the TSX energy index ended the month 8% higher than the previous month. Our Sequeira OFS index and the TSX composite index also showed improvement month over month, increasing by 3% and 4% respectively.
With the summer months right around the corner and a successful vaccination campaign underway in both Canada and the United States, we expect to see a continued lifting of restrictions and a corresponding uptick in economic activity as we emerge from the pandemic.
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