Oil price is starting to rise again as Iranian sanctions Loom
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The Ubika Energy 20 Index declined 4.3% since our last report dated May 22,
2018, underperforming its benchmarks, WTI crude oil and the TSX/S&P Energy
Index, which decreased 2.3% and increased 1.6%, respectively, over the same
period. Notable performers for this report include:
• Corridor Resources Inc. (TSX:CDH), which slid 25% after poor exploration
results at its Old Harry property.
• Orca Exploration Group Inc. (TSXV:ORC.B), which rose 10% following
its Q1 earning report.
• Bonterra Energy Corp. (TSX:BNE), which gained 7% due to strong
dividends with a 30% payout ratio.
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