Canadian Energy Stocks Buoyed by Surge in Prices for U.S. Crude

Posted by Globe and Mail: Jeffrey Jones on July 22nd, 2013
Globe and Mail: Canadian energy stocks are finally playing catch-up with sizzling oil markets. In the past four weeks, the S&P/TSX capped energy index, which includes big names such as Cenovus Energy Inc., Suncor Energy Inc. and Canadian Natural Resources Ltd., has climbed 9 per cent as U.S. crude prices approached, then rocketed above, $100 (U.S.) a barrel. The gains come as companies prepare to deliver second-quarter financial results that in many cases will display rich rewards from a steady improvement......

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