RBC Capital Markets head of global energy research Greg Pardy made only one change to the team’s “Global Energy Best Ideas” list, removing Marathon Petroleum Corp. (MPC-N),
“In August, the RBC Global Energy Best Ideas List was up 4.1% compared to the iShares S&P Global Energy Sector ETF (IXC) up 1.7% and a hybrid benchmark (75% IXC, 25% JXI – iShares Global Utilities ETF) that was flat on a sequential basis. Since its inception in February 2013, the RBC Global Energy Best Ideas List is up 155.8% compared to the S&P Global Energy Sector ETF up 31.2%”
The list now consists of Suncor Energy, Topaz Energy, Callon Petroleum Co., Diamondback Energy, Permian Resources Corp., ARC Resources, Tourmaline Oil, Canadian Natural Resources, Santos Ltd., SLB, Altagas Ltd., Pembina Pipeline Corp., Targa Resources Corp., Cheniere Energy Inc., Energy Transfer LP, Superior Plus and PG&E Corp.