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.

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