Market Commentary

Financial,Stock,Market,Graph,Illustration,,concept,Of,Business,Investment,And

Recap of Industry Activity

Our monthly review of market activity and trends, M&A transactions and oil and gas related news with a summary of key themes and observations. Upon request, Trimble Energy Group can provide clients with custom research and special reports with an array of detailed comparable analysis of various segments.

Please SUBSCRIBE today and we will send the reports directly to your email inbox.

Most Recent Market Commentary

January 2024

During January, 18 of the 47 publicly traded TSX E&P companies (with assets focused predominately in Canada) rose in value; one company (Pieridae Energy Limited) was flat and the remaining 28 companies fell month-over-month. Of those companies that had an increase in their share price, the rise ranged from 0.35% (Topaz Energy Corp.) to Questerre Energy Corporation’s 33.33% jump. On a combined basis, the TSX E&P group had an average decrease of 1.01% and median drop of 1.30%.

As for the companies listed on the TSX Venture Exchange, seven companies had an increase in their share price, five were flat and the remaining 10 companies experienced a drop. Overall, the group had an average fall of 3.65%, while on a median basis the movement was flat.

Oil prices climbed in January, with WTI crude oil closing up 6.5% to USD $75.73/bbl while Edmonton Par rose 8.59% and WCS jumped 12.0%.

US natural gas prices experienced continued weakness in January, falling 12.55% to $2.08/MMbtu while AECO jumped by 17.95% to $1.67/MMbtu.

In January 2024, there were a couple M&A transactions announced in the Canadian oil & natural gas sector.

Join our List, Stay Informed

Our monthly industry report on acquisitions, divestitures, market commentary and special news and reports to keep you informed.

Published Market Commentaries

Interested in More data?

If you are interested in our earlier reports, our special reports or would like to commission Trimble to provide custom research please contact our team.