RBC Capital Markets head of global energy research Greg Pardy made only one change, removing BP PLC, from his Global Energy Best Ideas,
“In July, the RBC Global Energy Best Ideas List was up 0.5% compared to the iShares S&P Global Energy Sector ETF (IXC) which was up 1.5% and a hybrid benchmark (75% IXC, 25% JXI – iShares Global Utilities ETF) that was up 2.8% on a sequential basis. Since its inception in February 2013, the RBC Global Energy Best Ideas List is up 189.8% compared to the S&P Global Energy Sector ETF up 39.7%. We are making no additions to the RBC Global Energy Best Ideas list this month, however we are removing BP”
The list is now Chord Energy Corporation, ConocoPhilIips, ARC Resources, Topaz Energy, Tourmaline Oil, Canadian Natural Resources, MEG Energy, Obsidian Energy, Woodside Energy, Enerflex Ltd., Pason Systems Inc., SLB, Subsea 7, AltaGas Ltd., Pembina Pipeline Corp., Archrock Inc., Energy Transfer LP, Northland Power, Superior Plus and PG&E Corporation