Post by
uwinsome on Mar 12, 2013 11:26pm
Robert Lauzon on BNN
Energy Stocks. Energy stocks in the US have performed okay but Canadian stocks are still painted with a negative brush. There is a lot of worldwide and US negative sentiment on Canada’s dirty oil from the bitumen. Thinks we have probably found the bottom here so it is time to look more positively on the Canadian energy sector. We are at the margin of starting to see a bit of a rotation into our oil stocks. Differentials were pretty wide at $35-$40 over the last 3 months but have now narrowed on the heavy oil side down to about $20. Edmonton light oil has narrowed from $10 down to almost par. This has all happened in the last couple of weeks. Hasn’t really caught on to media yet and no one is really talking about the narrowness of the differentials.