Oil executives expect sustained period of strong crude prices, survey shows

CALGARY — A new survey shows nine out of 10 Canadian energy sector executives believe oil prices will remain strong for the next three to five years.

Ninety-one per cent of the executives polled said they anticipate the West Texas Intermediate benchmark crude price to average above US$75.99 per barrel for a period of three to five years. Crude oil prices one year ago were around US$65 per barrel, but rallied to above US$80 in the fall before sliding back to US$69 in December. Since then, they have been largely on an upward trend, hitting a 52-week high of US$86.97 on April 12. As of midday Thursday, the WTI price hovered around $US79 per barrel.These Canadian stocks could help TFSA investors generate solid tax-free capital gains and dividends.

"Investors' expectation that the Fed would nip a recession in the bud by easing means that the Fed Put is back," Ed Yardeni said.TD Bank stock looks like a great bargain after its latest plunge over the ongoing U.S. probe. The post TD Bank Stock Falls 6% on Money-Laundering Investigation: Deal or Danger? appeared first on The Motley Fool Canada.Suncor earns $1.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Calgary oil and gas company fined for violating methane rulesThe Alberta Energy Regulator has fined a Calgary-based junior oil and gas producer for failing to meet its fugitive emission and methane reporting requirements.
Sumber: CBCCalgary - 🏆 78. / 51 Baca lebih lajut »

Calgary-based oil and gas company fined for violating methane rulesThe Alberta Energy Regulator says it began investigating Tallahassee Exploration Inc. in 2022 and has determined the company broke Alberta’s methane emission rules on two counts
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

Calgary-based oil and gas company fined for violating methane emission rulesThe Alberta Energy Regulator has fined a Calgary-based junior oil and gas producer for failing to meet its fugitive emission and methane reporting requirements.
Sumber: GlobalCalgary - 🏆 50. / 61 Baca lebih lajut »