RBC Capital Markets head of global energy research Greg Pardy made two changes to his Global Energy Best Ideas list of stock picks, removing Neste Oil Oyj and Spain’s Repsol SA,
“In March, the RBC Global Energy Best Ideas List was up 7.2% compared to the iShares S&P Global Energy Sector ETF (IXC) which was up 8.9% and a hybrid benchmark (75% IXC, 25% JXI – iShares Global Utilities ETF) that was up 8.1% on a sequential basis. Since its inception in February 2013, the RBC Global Energy Best Ideas List is up 186.5% compared to the S&P Global Energy Sector ETF up 39.5%”
The stocks remaining on the list are BP, Suncor Energy, Obsidian Energy, Topaz Energy, Diamondback Energy, Permian Resources Corp., ARC Resources, Tourmaline Oil, Canadian Natural Resources, MEG Energy, Santos Ltd., Enerflex Ltd., Pason Systems, SLB, Altagas Ltd., Pembina Pipeline, Archrock Inc., Energy Transfer LP, Northland Power, Superior Plus and PG&E Corp.