Canadian energy industry
Article Abstract:
Stocks in the Canadian energy industry underperformed the market in 1995 due to a depressed natural gas market and low profits. Natural gas prices are expected to improve, and, along with strong petroleum prices, help earnings in the 1st qtr of 1996. However, the allowed pipeline return on equity has been lowered from 12.25% to 11.25% by the Canadian National Energy Board. There are some good individual stocks here for investors through 1999-2001.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Canadian energy industry
Article Abstract:
Natural gas prices have increased during the first six months of 1996, after the winter of 1996 decreased the North American gas supply. However, the lack of pipeline capacity is keeping the Canadian gas supply high and prices low. Improved demand and more pipelines may help Canadian natural gas prices in 1996 and 1997, but oil prices may be moderate. Investors will find several stocks in this industry which have potential for total returns.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1996
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Comment about this article or add new information about this topic:
Canadian energy industry
Article Abstract:
The warm winter of 1995 and oversupply of natural gas have hampered the Canadian energy industry. The 1996 industry forecast is not good, since natural gas prices will remain near C$1.30-1.35/mcf and oil prices will also remain flat. However, oil and gas prices could improve 10% annually in 1996 and 1997 and improve earnings. Several of these stocks have three-to-five year investment potential, and Canadian Occidental is timely for 1996.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1995
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