Sequeira Energy Synopsis – May 2021 Newsletter - Sequeira Partners

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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