Even the Canadian institutional investors are skeptical about investing in Canada." Troubled sectorWhitecap's story is typical of a sector that just can't seem to do anything right these days. It raised its dividend and bought back shares, but that hasn't helped share prices. He said the cheap stock prices will likely result in more mergers and acquisitions in the next 12-18 months. A report by analysts at CIBC concluded that "Canadian energy looks cheap, both from a historical and relative perspective," adding Canadian producers are trading at cash flow multiples far below American rivals despite having generally better debt positions.

Source: CBC News March 25, 2018 15:11 UTC