These 7 Energy Stocks Are Rallying as Crude Tops $90 on US Strikes in Iran
US strikes on Iran near the Strait of Hormuz sent WTI crude up 5.4% to $90.38. Seven energy stocks rallied and the 10-year yield hit 4.80%.
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Canadian Natural Res (NYSE:CNQ) reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $1.40 by 12.86 percent. This is a 209.8 percent increase over earnings of $0.51 per share from
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US strikes on Iran near the Strait of Hormuz sent WTI crude up 5.4% to $90.38. Seven energy stocks rallied and the 10-year yield hit 4.80%.
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The investment community watching the Strait of Hormuz is treating a possible armistice, freer tanker traffic and pressure from Washington as if they could settle the oil market’s bigger question. They may calm spot
Scotiabank analyst Chris MacCulloch maintains Canadian Natural Res (TSX:CNQ) with a Sector Perform and raises the price target from C$71 to C$73.
Wells Fargo analyst Sam Margolin maintains Canadian Natural Res (TSX:CNQ) with a Equal-Weight and raises the price target from C$61 to C$65.