Prospects are looking brighter in the Canadian oilpatch as commodity price increases drive higher profits and afford companies room to offer dividend hikes and share buybacks – but slumping stock prices show that the oil and gas sector remains in the penalty box with investors.
It’s getting so bad that not even Canadian institutional investors can be convinced to buy Canadian energy company shares, says Grant Fagerheim, CEO of Calgary-based Whitecap Resources Inc.
Read more at The Globe and Mail