{"id":120934,"date":"2019-11-05T22:40:03","date_gmt":"2019-11-05T22:40:03","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=120934"},"modified":"2019-11-06T14:12:47","modified_gmt":"2019-11-06T14:12:47","slug":"oil-spikes-on-a-quiet-tuesday","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/oil-spikes-on-a-quiet-tuesday\/","title":{"rendered":"Oil spikes on a quiet Tuesday"},"content":{"rendered":"\n\n\n
This week, you missed Past Top Picks comments by Don Lato<\/a> including Apple<\/a> (A Top Pick Feb 13\/19, Up 37% – Trading to new highs). Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><\/p>\n\n\n
I want past top picks opinions<\/font><\/strong><\/a><\/center><\/td>\n<\/tr>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Oil spikes on a quiet Tuesday…<\/h3>\n

After days of large-cap beats and misses, record-breaking highs and an interest rate cut and, markets on both sides of the border were as flat as the Prairies Tuesday. Except for the S&P, markets edged up by a few decimal places in a relatively quiet day of trading. Of note, Canadian financials such as Royal Bank<\/a> and Manulife<\/a> climbed half a percent to approach their 52-week highs of $108.25 and $25.37 respectively.<\/p>\n

Encana<\/a> continued to rise after announcing its surprise move<\/a> to the United States last week. On Tuesday, Encana jumped 8.18%. As a whole, Canadian oil stocks performed well, rising 1.21% along with the price of crude, with names like Baytex<\/a>, Gibson<\/a> and Tamarack Valley<\/a> leaping well over 5%. Energy investors were excited on news<\/a> that Iran suggested that OPEC may cut production, then on China-US trade deal optimism.<\/p>\n

Meanwhile, Nutrien<\/a> rose 1.16% after its CEO projected<\/a> a strong recovery in 2020 from this year’s weak fertilizer demand partly from poor Canadian weather. Nutrien also lowered 2019 estimates again in potash sales volume. In macro-economic news, China lifted its ban on Canadian<\/a> pork and beef, which is sign that relations between the two countries may be thawing.<\/p>\n

🛢 Encana Corp<\/a> +8.18%
\n🛢 Baytex Energy Corp<\/a> +4.49%
\n🛢 Gibson Energy<\/a> +5.49%
\n🛢 Tamarack Valley Energy<\/a> +4.32%
\n🌾 Nutrien Ltd.<\/a> +1.16%<\/p>\n","protected":false},"excerpt":{"rendered":"

This week, you missed Past Top Picks comments by Don Lato including Apple (A Top Pick Feb 13\/19, Up 37% – Trading to new highs). Get Premium to receive all past top picks opinions a few hours before market open. […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[157,355,201,266,143,356,249,226],"class_list":["post-120934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-banks","tag-crude-oil","tag-energy-stocks","tag-insurance","tag-oil","tag-opec","tag-potash","tag-trade"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/120934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=120934"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/120934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=120934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=120934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=120934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}