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Heavy haulers at a Suncor oil sands mine. Suncor is one of many energy firms reporting this week.
Heavy haulers at a Suncor oil sands mine. Suncor is one of many energy firms reporting this week.
(Suncor)

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Hot energy prices baked into values of integrated producers

The energy prices baked into the valuations of Canada’s large integrated oil and gas producers suggest that investors are quite bullish about the prospects for oil and gas prices.

According to an analysis by RBC Dominion Securities, the current valuations of the country’s integrated energy producers, such as Suncor Energy and Canadian Natural Resources, assume a price of $76 per barrel of oil equivalent which caps off a long march higher over the past year and a half.