The energy sector is one of the world’s largest and most important economic drivers. Over the last few months, it was also the worst hit by the COVID-19 coronavirus pandemic.
Coming on the back of a tough beginning to the year that saw crude prices rocked by global events, the pandemic caused global oil demand, and crude prices, to plummet. Since late March, investors have looked to slashed production from OPEC+ members and a slowly-restarting global economy driving increased demand to recharge the sector. But so far, it’s been a slow, uncertain, and ongoing process.
But a drop in share prices offers a huge opportunity for investors expecting a rebound, and Stockhouse has seen significantly increased traffic to energy companies over the last few months. Natural gas plays
have been able to impress with rising prices on account of reduced oil production, and as the sector has slowly started to come online, oil producers are starting to rise back up as well.
Every couple of months, we highlight the most-viewed companies on Stockhouse and the corresponding change in share price. Given the state of the energy sector, it’s no surprise that there are a lot of companies in the red from March - May, but each snapshot only gives part of the story. Make sure to check the table below for the top oil and gas companies on the Stockhouse Bullboards, and dive in to get a better look at where they’re headed.
Top Energy Bullboards and Price Change (%) – Mar 1 to May 20, 2020
1. T.CPG | Crescent Point Energy Corp. | -42.90%
2. T.VET | Vermilion Energy Inc. | -43.29%
3. T.BTE | Baytex Energy Corp. | -64.92%
4. T.IPL | Inter Pipeline Ltd. | -36.69%
5. T.MEG | Meg Energy Corp. | -44.72%
6. T.PONY | Painted Pony Pete Ltd. | 29.55%
7. T.ALA | AltaGas Ltd. | -21.32%
8. T.OVV | Ovintiv Inc. | -26.57%
9. T.WCP | Whitecap Resources Inc. | -42.10%
10. T.CVE | Cenovus Energy Inc. | -38.39%
11. T.SGY | Surge Energy Inc. | -64.99%
12. T.ENB | Enbridge Inc. | -9.24%
13. T.ATH | Athabasca Oil Corp. | -58.57%
14. T.HSE | Husky Energy Inc. | -29.79%
15. V.SNV | Sonoro Energy Ltd. | -7.69%
16. T.PEY | Peyto Exploration & Development Corp. | 13.47%
17. T.SU | Suncor Energy Inc. | -29.82%
18. T.CJ | Cardinal Energy Ltd. | -72.49%
19. T.NVA | Nuvista Energy Ltd. | -53.37%
20. T.CR | Crew Energy Inc. | 14.29%
New to investing in Oil and Gas? Check out Stockhouse tips on How to Invest in Energy Stocks and some of our Top Energy Stocks.
For more of the latest info on Oil and Gas, check out the Energy Trending News hub on Stockhouse.