Quarterly commodity price update

Canadian Market Summary

Written by Iconic Group
July 10, 2018

We have updated our commodity price forecasts, along with our company estimates, valuations, and select target prices and ratings.

Oil Markets: Announced OPEC+ group supply growth targets work against demand seasonality and recent unplanned supply outages. Our global supply-demand balancing assumptions have not changed dramatically on a net basis as a result. Consequently, our crude oil price deck moves modestly higher for benchmarks WTI and Brent in 2018, but remain unchanged in later years. Importantly, our assumptions concerning Canadian light sweet and heavy differentials were significantly widened, illustrating ongoing transportation bottlenecks within the Western Canadian Sedimentary Basin (WCSB).


Corporate Social Responsibility & Increased Profits

The Ritcey Report

Written by Iconic Group
July 6, 2018

While the related issues of socially responsible investing (RI) and corporate social responsibility (CSR) are those I have addressed in the past, I was reminded about just how important they are when I reviewed a compelling contribution on the subject by Ron Robins1, Founder & Analyst, Investing for the Soul (May 12, 2011).

Company performance and profitability

My interest in the matter is not inspired exclusively by a sense of idealism, but by the hard-nosed recognition that CSR can measurably improve company performance and profitability. Increasing numbers of corporate executives accept that, as Mr. Robins observes:

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