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Energy Sector Update for 04/07/2015: ARX.TO, CPG.TO, PSK.TO, VET.TO, CJ.TO, TOG.TO

With the conclusion of nuclear talks between Iran and major powers that resulted in a tentative agreement, BMO said Tuesday that North American crude oil prices may remain under pressure, given that the agreement could result in more oil supply. Prices have been unstable--reacting strongly to the continuous increase in inventories.

As a result, BMO sees soft financial performance for Canadian energy companies in Q1, as they are expected to realize significantly lower commodity prices than last year.

The broker has an outperform rating on ARC Resources (ARX.TO), Crescent Point Energy (CPG.TO), PrairieSky Royalty (PSK.TO), Vermilion Energy (VET.TO), Cardinal Energy (CJ.TO), and Torc Oil and Gas (TOG.TO).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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