We’ve highlighted the most levered and most conservative names to own based on how the market reacts to the OPEC announcement. We’ve also listed our top oil picks overall for the space, which are names we would look to own long-term and add to on weakness. (All on our TSX...remember, ceiling/basement for Canadian energy stocks VERY prominent) E&P’s with more leverage to oil: ATH, BNE, BTE, CJ, CPG, ECA, GTE, PXX, SGY
E&P’s with less leverage to oil: ERF, PSK, SU & VET.
Top oil-weighted E&P picks include: CJ, ERF, GTE, SU, TOG, WCP, SU & VET.