Investors turn bullish on pandemic-hit North America oil stocks
Message : Required fields WINNIPEG/TORONTO (Reuters) - Shares of North America's hard-hit oil and gas producers are climbing sharply as investors bet COVID-19 vaccine rollouts will ease the pandemic's travel restrictions and revive fuel demand. The gains, which have pushed the Canadian Energy Sector Index up over 40% since Nov. 9, come as oil prices rise well above spring lows and big producers plan to raise spending and output in 2021. However, the bounce still leaves the index down 36% in the year to date. "Some stocks still have the potential to double next year in our view, even afte...
Source: marketscreener.com