Oil price surges on news of the Iran deal exit, sparking gains in many energy stocks
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The Ubika Energy 20 Index climbed 22% since our last report dated April 3,
2018, outperforming its benchmarks, WTI crude oil and the TSX/S&P Energy
Index, which increased 13% and 16%, respectively, over the same period. Notable
performers for this report include:
• Crew Energy Inc. (TSX:CR), which gained 39% on news of a Q/Q production
increase.
• Tamarack Valley Energy Ltd. (TSX:TVE), which returned 57% following the
commencement of a stock buyback
• Storm Resources Ltd. (TSX:SRX), which increased 37% following an
encouraging earnings release.
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