The WoodFibre LNG project site is pictured in Howe Sound on April 19, 2017. Canada has so much to offer on this front that I think it’s incumbent upon everybody to speak publicly,” he said in an interview. “You have to be relentless, not because you’re on a script, but because you believe in the energy industry. 'It's good to be back' in stock index, energy firms say, amid higher hopes for 2022.As global natural gas prices soar, Alberta producers face 'astronomical' discount.'We could get lapped here by the Americans': Enbridge exec urges Ottawa to respond to U.S.They needed to communicate with industry partners and the Canadian public.”įor Monaco, it’s critical that CEOs and the sector be willing to step up to the microphone and communicate, to build trust with people at a local level about delivering energy safely and reliably. Both of them knew the potential Canada had - and still has - and the role they were playing in it, that they couldn’t do it themselves. “Both weren’t afraid to take on big challenges that were of national importance,” said Tim McMillan, former head of the Canadian Association of Petroleum Producers. This advertisement has not loaded yet, but your article continues below. Manage Print Subscription / Tax Receipt.Among his favorite names are Apache, ConocoPhillips, Occidental and Ovintiv. He also likes companies generating cash and those with enough scale to absorb inflationary pressures. Natural gas prices soared in 2021, and have stayed high, but could be more volatile than oil this year. Morgan Stanley’s Devin McDermott, like some other analysts, is recommending investors focus on stocks with more “liquid exposure” over gas. (TRGP) “takes our top slot in the midstream group as return of capital shifts from a debt to equity focus.” They recommend Phillips 66 in refining and Baker Hughes in oilfield services “given peer leading capital returns.” (DVN), “given massive free cash flow and accelerating capital returns” while Tudor Pickering Holt analysts prefer Cenovus and Ovintiv also made the list of top picks at UBS, where analyst Lloyd Byrne praised the company’s improving shareholder payouts. His top stocks for 2022 includeĪt Citigroup, analyst Scott Gruber’s top North American oil and gas equipment and services stock is Houston company producers in particular spend more on drilling. In a separate note, Bank of America analyst Chase Mulvehill wrote that oilfield services stocks are “returning from the abyss” as U.S. (XOM), given “renewed confidence in its dividend outlook.” For Occidental, that includes possible shareholder returns after years of debt issues. (HES), because investors will begin to take notice of improvements at those companies and their valuations could improve. His favorite big names includeīank of America analyst Doug Leggate also likes Occidental, Apache, and Ovintiv, along with Truist analyst Neal Dingmann says investors should consider a “barbell approach” with two baskets of stocks-buying large high-quality names that offer strong dividends and buybacks, while also buying small-cap stocks with attractive valuations. Ovintiv stock has doubled in the past year, trading at a recent $39, but some on Wall Street think its rally is just getting started. (OVV), whose strong cash flow prospects could give it an edge. Others see a rebound coming for oil and gas service stocks, which have struggled in recent years as producers cut back on spending.Īmong the stocks receiving the most positive attention is midsize Denver producer Several of them highlight stocks with strong free cash flow. Analysts have been sending out notes with their top oil and gas picks for 2022.
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