Miner Company
Wall Street Is Rushing Into Energy: Most Investors Still Don't Get Why
Canadian energy equities, led by names like Canadian Natural Resources, are experiencing a structural uptrend driven by deep reserves, low breakevens, and improving fundamentals. Valuation tailwinds remain strong, with upstream oil trading below 6x 2027E EBITDA; a re-rating to 9x could yield 30–40% upside even without higher earnings.
Canadian energy equities, led by names like Canadian Natural Resources, are experiencing a structural uptrend driven by deep reserves, low breakevens, and improving fundamentals. Valuation tailwinds remain strong, with upstream oil trading below 6x 2027E EBITDA; a re-rating to 9x could yield 30–40% upside even without higher earnings.