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CALGARY As their oil-focused peers languished this year, Canadian natural gas producers enjoyed high commodity prices for the first time in years and analysts expect a repeat performance in 2021.
Alberta’s natural gas benchmark AECO traded above $3 per gigajoule at the beginning of November but has since slid amid warmer weather in the province and struggled to rise above $2.50 per GJ so far in December marking a muted end to a year that saw relatively robust activity for a commodity that has languished for much of the last decade. AECO has been trading around $2.26 per GJ on average this year, compared to $1.60 last year.
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The Globe and Mail Stephen Donovan, MBA Published December 15, 2020
Undervalued Canadian equities with strong price momentum.
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Equity markets in the United States have reached all-time highs over the past two weeks, with some investors and analysts questioning whether we are due for a pullback. Markets have historically performed well during the last five trading days of December and the first two trading days of January, a trend commonly known as the Santa Claus rally. Over the past 70 years, the S&P 500 has increased by an average of 1.3 per cent during this time frame.
Today, we search for Canadian-listed companies trading at a discount relative to their peers that have to potential to exceed the Santa Claus rally.
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