Energy TrendsHappy to see SDE mentioned in this article in the ROB in the Globe
BMO Capital Markets strategist Jeremy McRea lists the major trends for institutional investors buying and domestic energy stocks,
“The top names held by [the 37 high energy focused funds we track] continue to be ARC, Tourmaline, Topaz, Whitecap (with Paramount new to the list vs. last year) … The best-performing names in 2Q24 were NVA (+20%), SCR (+13%), POU (+13%), BIR (+13%), and TPZ (+8%) (vs. the equally weighted average of the sector at -1%). If we look at the funds that had the foresight to buy these names before their run (i.e., in the previous quarter), these funds today are now buying Paramount, PrairieSky, and Peyto … names that saw existing shareholders add to their positions should highlight confidence … Names with high buyer/seller ratios include Paramount, Cardinal, and NuVista … We highlight the names that have seen the most ‘new buyers’. Names to highlight include Spartan, Athabasca, and Peyto … where do Crew shareholders rotate into next?”