Canadian Energy

“Our province is the fourth-largest producer of oil and gas in the entire world – and is, far and away, its most environmentally responsible one. Alberta will not be content with fourth place – not when our province’s energy reserves and environmental technologies are second to none.”

Brian Jean, Minister of Energy and Minerals of Alberta

We believe there is a strong case for Western Canadian Energy to play in the global energy transition. Furthermore, we believe we are quite early in the next Energy Supercycle, which we believe to happen between in 2020-2032. And Western Canada is uniquely positioned to benefit from it:

Canada is probably the most ethical energy producing jurisdiction in the world
Leads the World in Energy ESG 
Has abundant resources of Natural Gas, a recognized energy transition fuel
Canada will significantly increase its pipeline and LNG throughput in 2025-27, improving market access and supporting realized prices
Canada is a strong, mature G7 Economy
Strong rule of Law/Investor protection laws
Canada benefits from one of the worlds strongest banking systems in the world

Canadian Energy valuations are depressed now vs. both S&P/TSX Averages and Historical Averages; trading at just 2-3x Cash Flow, and less on dips. Canadian Energy Stocks are also cheap based on NAV. 

Once short terms clouds clear, we believe we are looking at 3-4 valuation increase by the end of the current Energy Supercycle. 

We’d love to have you on board with us.