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A technician opens a pressure gas valve inside the Oil and Natural Gas Corp. (ONGC) group gathering station on the outskirts of the western Indian city of Ahmedabad March 2, 2012. (AMIT DAVE/REUTERS)
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Dividend-heavy energy names see glimmer of hope
TIM KILADZE
— The Globe and Mail
Published
Last updated
The past year has been gruesome for the Canadian intermediate energy names that pay juicy dividends, but a recent recovery in natural gas prices is finally offering them a smidgeon of hope.
No doubt, the natural gas market is still in the toilet. Yet last quarter average NYMEX gas prices jumped 26 per cent over the quarter prior, and average AECO gas prices climbed 21 per cent.
