RBC - Global Energy Best Ideas - from G&M RBC head of global energy research Greg Pardy has made four changes to the firm’s Global Energy Best Ideas, adding AltaGas Ltd. (ALA-T) and Callon Petroleum Co. while removing Shell PLC, California Resources Corp. and Range Resources Corp.. Performance of the sector top picks list has been strong,
“In July, the RBC Global Energy Best Ideas List was up 7.8% compared to the iShares S&P Global Energy Sector ETF (IXC) up 6.2% and a hybrid benchmark (75% IXC, 25% JXI – iShares Global Utilities ETF) that rose 5.0% on a sequential basis. Since its inception in February 2013, the RBC Global Energy Best Ideas List is up 145.7% compared to the S&P Global Energy Sector ETF up 29.5%”