“We stay devoted to offering vital insights to assist our purchasers succeed.” Waqar Syed, managing director of Vitality Companies at ATB Capital Markets, added that institutional buyers stay typically optimistic about average sector progress for 2025, regardless of a weakened sentiment in 2024.
The survey discovered that sentiment indicators have moderated alongside a 17 p.c slide in WTI crude costs because the spring 2024 survey. Solely 75 p.c of respondents count on WTI crude costs to common above US$75 per barrel over the following three to 5 years, down from 91 p.c in earlier surveys.
E&P sentiment additionally weakened, with 58 p.c of respondents characterizing their outlooks as ‘enhancing,’ down from 88 p.c in spring 2024, whereas 29 p.c famous worsened outlooks previously three months.
Institutional buyers confirmed probably the most notable drop in sentiment, with solely 38 p.c anticipating power to outperform the TSX/S&P 500 over the following 12 months, down from 67 p.c within the spring.
Nevertheless, power providers corporations reported improved sentiment over the previous three months and anticipated elevated exercise within the subsequent six months.