06:39:04 EDT Thu 23 Mar 2023
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Aura Minerals Inc (4)
Symbol ORA
Shares Issued 71,827,289
Close 2022-09-15 C$ 8.06
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Post says TSX ranks Obsidian winner, Shopify loser

2022-09-15 07:24 ET - In the News

See In the News (C-OBE) Obsidian Energy Ltd (2)

The Financial Post reports in its Thursday edition that oil and gas companies have come roaring back onto the Toronto Stock Exchange's annual list of top stocks after a three-year absence. The Post's Meghan Potkins writes that 14 energy producers made the 2022 list of the 30 best-performing stocks on the S&P/TSX Composite Index over the past three years, posting an average share-price increase of 306 per cent over that period. Obsidian Energy, a mid-size oil and gas company focused on light oil in central Alberta, led the energy pack after its dividend-adjusted share price rocketed 537 per cent since 2019, according to TMX Group's fourth annual ranking. Only Aura Minerals did better. Energy companies and one oilfield service company leapfrogged conventional growth stocks on this year's list, as shares rallied alongside surging oil prices. "We're seeing an interest in the sector that we haven't seen in years," said TSX chief executive officer Loui Anastasopoulos. "We're seeing companies use their cash flows to pay down debt, buy back shares, increase dividends etc. It's a lot of positive stuff." Meanwhile, e-commerce giant Shopify dropped off the rankings entirely after three years in either first or second place.

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