NEW YORK, NEW YORK and TORONTO, ONTARIO and CALGARY, ALBERTA — (Marketwire) — 05/17/12 — The oil and natural gas markets are in flux. Natural gas prices are at 10-year lows and bloated inventories continue to weigh on the market. Meanwhile, the oil-to-natural gas price ratio in North America is running in the vicinity of 40, compared to a long-run average closer to ten. The European benchmark, Brent, is trading at a large premium to the U.S. benchmark, West Texas Intermediate (WTI), reversing their historical relationship, and Canadian oil prices are trading at a sharp discount to both.
With these forces shaping the North American energy industry, BMO Capital Markets will be hosting a media conference call to discuss the impact on stock markets, the economy and deal making.
On Friday, May 18 at 11:00 a.m. EDT, join BMO-s Chief Investment Strategist, Brian Belski; Oil & Gas analyst, Randy Ollenberger; and Senior Economist, Earl Sweet, as they provide their outlook for the energy sector. Topics will include:
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American financial services provider, with 2,300 employees operating in 30 locations around the world including 17 in North America, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group (NYSE: BMO)(TSX: BMO), one of the largest diversified financial services providers in North America with US$537 billion total assets and more than 47,000 employees as at January 31, 2012.
Contacts:
For more information or to register for the call,
please contact:
Martha McInnis, New York
416-867-3996
Alexis Brown, Toronto
416-867-3996
Peter Scott, Toronto
416-867-3996