November Performance Review For 7 Canadian Oil And Gas Equities
By Zvi Bar:Canada is the largest foreign supplier of energy to the United States. Canadian-based companies pay their dividends in Canadian currency, which has natural resource backing. Over the last two years, Canadian currency has been strong against the U.S. dollar, and the Canadian dollar was stronger than the U.S. dollar for the first half of 2011, but it has weakened over the last few months, as various commodities became reduced in price. Additionally, European and Asian concerns have led investors to leave various currency investments and flee to the perceived safety of U.S. dollars. Canadian oil companies usually follow the price of oil, and many had terribly volatile third quarters in 2011, as WTI oil fell from above $100 to below $80. Like the commodity, many Canadian oil & gas businesses fell a considerable amount in September, but subsequently rebounded in October. The following is a list of Canadian oil andComplete Story »
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