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  5. CNQ: Hi, Oil is steadily trading above $80 and NG is up 75%, from its bottom recently. [Canadian Natural Resources Limited]

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Q: Hi, Oil is steadily trading above $80 and NG is up 75%, from its bottom recently. Summer driving season seems to have already started strong. Both CNQ and SU are still trading, close to their recent lows. Why have Oil/Gas equities failed to respond ?
Any thoughts or concerns ?

Thanks
Asked by rajeev on June 24, 2024
5i Research Answer:
Markets rarely do what is expected. Recent sector weakness seems related to concern over...
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