The summer’s jump in oil prices looks like it has staying power, so investors should start buying stocks in Canadian companies that drill and produce petroleum, says Canaccord Genuity analyst Martin Roberge.
Canaccord upgraded the entire energy sector to “overweight” from “neutral” today in the belief that oil prices should remain “high and sticky” for the balance of the year.Report Typo/Error
- Crude Oil Front Month Futures$48.73+1.64(+3.48%)
- Barclays Bank PLC iPath Exchange Traded Notes Linked to Goldman Sachs Crude Oil Total Return Index$5.09+0.24(+4.95%)
- Updated August 18 5:37 PM EDT. Delayed by at least 15 minutes.