RBC Capital Markets added two major global oil and gas companies to its Global Energy Best Ideas list.
Those additions come as RBC adjusts its list of preferred energy stocks, simultaneously removing Santos , an Australian oil and gas producer.
The stocks in the RBC Global Energy Best Ideas list were collectively resilient last month, declining by just 0.5%.
However, it still outperformed the iShares Global Energy ETF , which fell by 2.5% during the same time.
RBC has been equally bullish on Woodside Energy , Australia's largest independent oil and gas producer, and its inclusion in its energy basket.
Persons:
Santos, Greg Pardy, Wael Sawan
Organizations:
RBC Capital Markets, Global Energy, Shell, Woodside Energy, RBC, RBC Global Energy, Global Energy ETF, Energy
Locations:
U.S, Europe, Australian, United States, Senegal