Crescent (TSX:CPG) stock soars. An oil stock to power your portfolio?

• June 01, 2021 10:33 AM EDT
• Team Kalkine Media

Energy is among the core sectors of an economy and hence forms an essential part of any investor’s equities portfolio. However, Canadian oil and gas stocks hold a central position in the stock markets, considering the country’s oil sands ...

• May 31, 2021 12:44 PM EDT
• Anuj

Stocks of Cenovus Energy Inc. (TSX:CVE) surged over three per cent on Monday (At 10:30 AM ET), lifted by the rising crude prices. The West Texas Intermediate (WTI) Futures was up over one per cent to US$ 67 a barrel at the time of writing this while ...

• May 28, 2021 11:32 AM EDT
• Team Kalkine Media

Summary Ace Investor Warren Buffett’s stake sale in Suncor Energy may come as a shock to Canadian investors Apart from Suncor, Mr Buffett’s Berkshire Hathaway also cut stake in US-based oil player, Chevron Despite Mr Buffett’...

• May 27, 2021 06:06 AM EDT
• Team Kalkine Media

Whichever direction the Canadian government’s policies sway, Suncor Energy’s (TSX:SU) investors may find themselves largely immune in the long run. Its vast energy portfolio, with a focus on increasing green energy operations, comes to th...

• May 18, 2021 11:53 AM EDT
• Team Kalkine Media

While Canada’s benchmark index grew about 5.5 per cent, the S&P/TSX Capped Energy Index rose 11.6 per cent in the last three months amid rising inflation in the US. Few of the top volume gainers on the TSX composite index have also been key...

• May 14, 2021 01:23 PM EDT
• Team Kalkine Media

In Canada’s Alberta, daily oil production volume registered a record jump in March 2021. This surge came after two months of negative volume growth. Now, some estimations suggest that this recovery can push oil companies to better earnings in c...

• May 13, 2021 08:09 AM EDT
• Shreya Biswas

Scenes of panic-triggered fuel-buying and hoarding has become quite rampant in some parts of Southeastern US following the cybersecurity attack on Colonial Pipeline last week. The US-based oil distributor announced on Friday, May 7, that due to a cy...

• May 12, 2021 12:14 PM EDT
• Raza Naqvi

Summary Canadian oil and gas company Crescent Point Energy Corp (TSX:CPG) reported a profit of C$ 21.7 million for Q1 2021 on Wednesday, May 12. Following the release of its latest financials ahead of opening bell, CPG stocks shot up by five pe...

• May 07, 2021 12:53 PM EDT
• Raza Naqvi

Summary Cenovus delivered strong financial results after acquiring Husky Energy on January 1, 2021. The energy company increased its upstream production to 769,254 barrels of oil equivalent per day (boepd) from 482,594 boepd in March 2020. The...

• May 04, 2021 12:30 PM EDT
• Team Kalkine Media

Last year, on April 20, oil prices slipped in the negative territory for the first time in history. West Texas Intermediate (WTI) fell from US $17.85 to close at negative US$ 37.63 on that day. While the pandemic is still on, oil prices have recover...