CIBC Oil & Gas Weekly
Look For OPEC, EIA And IEA Monthly Energy Updates This Week.
What’s The Event?
Look for this to be a busy week for energy news flow, including: 1) macro updates from OPEC’s MOMR, the EIA’s STEO and the IEA’s OMR; and, 2) select company updates with key Q3/17 operational updates with earnings season approaching in the coming weeks.
Equity performance for Canadian energy stocks was soft this past week, while the U.S. energy ETF market realized an inflow to the tune of ~US$140 million. International E&Ps were the strongest performer this past week remaining flat W/W, followed by Integrated producers, which were down ~140 bps, while the Oilfield Services sector slid ~270 bps, Large Cap E&Ps were off ~340 bps and Junior/Intermediate E&Ps were down ~550 bps.