BMO analyst’s top picks in energy as billions in cash flow returned to shareholders

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow BMO Capital Markets analyst Randy Ollenberger first described energy sector earnings as listless but then unveils some extremely positive cash flow expectations for next year, “Second quarter results have come and gone and the Canadian oil and gas group has delivered relatively listless share price performance since, largely due to range-bound oil prices. Q2 results were generally in line (or slightly better) than expectations and debt levels continued to fall, translating to more cash in shareholders pockets. The outlook for Q3 is generally positive, with...