Top energy stocks Suncor Energy (TSX:SU) and Imperial Oil (TSX:IMO) have lost more than 20% each so far this month. So, which looks like a better buy? The post Suncor Energy (TSX:SU) or Imperial Oil (TSX:IMO): Which Is a Better Buy? appeared first on The Motley Fool Canada.
Lower flows of crude from Canada to Cushing, Oklahoma have helped ease a glut of oil at the delivery point for U.S. crude futures over the past two weeks, traders said, but the storage hub remained near a multi-month high. Crude inventories at Cushing fell 646,578 barrels the week ending on Tuesday, according to traders, citing the latest data from market intelligence firm Genscape. Cushing has eased as U.S. imports of Canadian crude fell to 3,057,000 barrels a day the week ending Sept. 11 from 3,226,000 bpd the previous week, the U.S. Energy Information Administration said in its weekly report.
If you are looking at contrarian buys, your search should end with Enbridge (TSX:ENB). The post Contrarian Energy Bets: Imperial Oil (TSX:IMO) vs. Enbridge (TSX:ENB) appeared first on The Motley Fool Canada.