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Canada and Australia

By Roger S. Conrad on Jul. 30, 2015

Canadian and Australian energy stocks have suffered the double whammy of lower oil and gas prices and a sharp retrenchment in the value of their home currencies relative to the US dollar.

The 20 Canadian energy producers and oil-field services companies in our table have slashed their payouts by an average of 72.7 percent since June 30, 2014. The total returns posted by these stocks are equally ghastly: Over the same period, this motley crew has averaged a 77.1 percent loss in US dollar terms.

Canadian Cutters Table

Currency headwinds and inferior price realizations on oil and gas production because of takeaway constraints and geographic challenges also explain why the S&P/TSX Composite Energy Sector Index has underperformed the S&P 500 Energy Index.

(Click graph to enlarge.)S5enrs vs STENRS

We recently updated our comments for all the Australian and Canadian stocks in our International Coverage Universe to account for recent developments. Here are some of our key takeaways from this exercise.

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    • Elliott H. Gue

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor

    • Roger S. Conrad

      Founder and Chief Analyst: Capitalist Times and Energy & Income Advisor