StockHouse Financial News ========================================================= Analyst Sees 40-70% Gains For Oil And Gas
Stocks Oil Report By Wayne Cheveldayoff After sliding while oil prices were surging,
Canadian oil and gas stocks are now recovering somewhat. The key is that
world oil price uncertainty is lessening and average oil price assumptions
are being raised. Oil and gas analyst Stephen Calderwood of institutional
brokerage Salman Partners in Calgary, the heart of Canada's large oil patch,
names three senior and three junior oil and gas stocks which have
the potential to gain 40-70% in the coming year with an assumption of WTI
at $24 per barrel and a return to more normal price-to-cash flow valuations.