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0.000774993541720515 0.00103332472229396 0.00258331180573499 0.00219581503487473 0.000387496770860257 0.0027124773960218 0.00142082149315422 0.00426246447946265
Stock impact report

Natural gas, not oil, offers higher certainty: Eric Nuttall [BNN Bloomberg (Canada)]

Ovintiv Inc. (DE) (OVV) 
Last ovintiv inc. (de) earnings: 2/19 08:54 pm Check Earnings Report
Company Research Source: BNN Bloomberg
Oil prices have been stubbornly stable as global inventories rise, but the oversupply concerns are overstated, Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners told BNN Bloomberg on Monday. “I've dubbed this the most anticipated oil supply, or oil supply driven glut, in history,” said Nuttall. “We can all see satellite data, and we've had a surge of oil on the water and yet oil is pretty stubbornly stock, around US$60 (a barrel).” Nuttall said there's a short term risk as sanctions of barrels on the water make their way onshore, potentially pressuring prices in the near term. He said he expects the market to soon refocus on ‘positive catalysts' in the coming year which includes stronger demand and dwindling OPEC spare capacity. “Demand is coming in hotter than expectations,” said Nuttall. The International Energy Agency predicts demand will rise by 1.3 million barrels per day (bpd) this year, which is double the rate the agency expected. It also ex Show less Read more
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