EQUITY RESEARCH
In-depth sector knowledge to drive success.
Our equity research team provides clients with a holistic view of the sectors driving our economy and the tools to seize investment opportunities. Our analysts have demonstrated leadership in their respective industries. This expertise, paired with our team’s understanding of market dynamics, creates the foundation for thorough and objective analysis—producing robust, actionable strategies for our clients.
A holistic view of the sectors driving our economy.
Energy
Experience in and deep knowledge of upstream, midstream, downstream, energy technology and services, and the renewables subsectors.
Diversified Industries
Broad multi-sector expertise in industrials, waste, E&C, growth & innovation (SaaS, e-commerce, digital assets), transportation, retail and real estate sectors.
Life Sciences
Local and international expertise in this innovative sector, including health care and the cannabis industry.
Our comprehensive coverage universe.
Contact us to receive updates and company-specific reports from the Equity Research team.
Energy Services
Waqar Syed | Head of Equity Research
BKR Baker Hughes Company
CFW Calfrac Well Services Ltd.
ESI Ensign Energy Services Inc.
HAL Halliburton Company
HP Helmerich & Payne Inc.
LBRT Liberty Energy Inc.
NBR Nabors Industries Ltd.
NOV National Oilwell Varco Inc.
NINE Nine Energy Service Inc.
PTEN Patterson-UTI Energy Inc.
PD Precision Drilling Corporation
PUMP ProPetro Holding Corp.
SLB Schlumberger NV
STEP STEP Energy Services Ltd.
FTI TechnipFMC plc
TCW Trican Well Service Ltd.
Large-Cap Exploration & Production and Oil Sands
Patrick J. O'Rourke, CFA | Managing Director, Equity Research
ARX ARC Resources Ltd.
ATH Athabasca Oil Corp.
BIR Birchcliff Energy Ltd.
CNQ Canadian Natural Resources Limited.
CVE Cenovus Energy Inc.
FRU Freehold Royalties Ltd.
IMO Imperial Oil Ltd.
KEL Kelt Exploration Ltd.
MEG MEG Energy Corp.
NVA NuVista Energy Ltd.
POU Paramount Resources Ltd.
PSK PrairieSky Royalty Ltd.
SDE Spartan Delta Corp.
SCR Strathcona Resources Ltd.
SU Suncor Energy Inc.
TVE Tamarack Valley Energy Ltd.
TPZ Topaz Energy Corp.
TOU Tourmaline Oil Corp.
WCP Whitecap Resources Inc.
Small and Mid-Cap Exploration & Production
Amir Arif, CFA | Managing Director, Equity Research
AAV Advantage Energy Ltd.
BNE Bonterra Energy Corp.
BTE Baytex Energy Corp.
CJ Cardinal Energy Ltd.
GXE Gear Energy Ltd.
HME Hemisphere Energy Corp.
HAM Highwood Asset Management Ltd.
IPO InPlay Oil Corp.
IPCO International Petroleum Corp.
KEC Kiwetinohk Energy Corp.
LCX Lycos Energy Inc.
PEY Peyto Exploration & Development Corp.
RBY Rubellite Energy Corp.
SOIL Saturn Oil & Gas Inc.
SGY Surge Energy Inc.
VET Vermilion Energy Inc.
VRN Veren Inc
YGR Yangarra Resources Ltd.
Energy and Industrial Services and Technology
Tim Monachello, CFA | Managing Director, Equity Research
ACX ACT Energy Technologies Ltd.
AKT.A AKITA Drilling Ltd.
CEU CES Energy Solutions Corp.
EFX Enerflex Ltd.
NOA North American Construction Group Ltd.
PHX PHX Energy Services Corp.
QST Questor Technology Inc.
TOT Total Energy Services
Energy Infrastructure
Nate Heywood, CFA | Managing Director, Equity Research
ALA AltaGas Ltd.
CPX Capital Power Corporation
ENB Enbridge Inc.
GEI Gibson Energy Inc.
KEY Keyera Corp.
LCFS Tidewater Renewables Ltd.
NPI Northland Power Inc.
PKI Parkland Corporation
PPL Pembina Pipeline Corporation
SES Secure Energy Services Inc.
SOBO South Bow Corporation
SPB Superior Plus Corp.
TRP TC Energy Corporation
TWM Tidewater Midstream and Infrastructure Ltd.
TA TransAlta Corporation
Diversified Industries
Chris Murray, P. Eng., CFA | Managing Director, Equity Research
ARE Aecon Group Inc.
AC Air Canada
ACQ AutoCanada Inc.
ATRL AtkinsRéalis Group Inc.
BDT Bird Construction Inc.
BYD Boyd Group Services Inc.
CNR Canadian National Railway Co.
CP Canadian Pacific Railway Ltd.
CJT Cargojet Inc.
DXT Dexterra Group Inc.
EIF Exchange Income Corporation
EXRO Exro Technologies Inc.
GFL GFL Environmental Inc.
MEQ Mainstreet Equity Corp.
NFI NFI Group Inc.
PET Pet Valu Holdings Ltd.
STN Stantec Inc.
WCN Waste Connections Inc.
WSP WSP Global Inc.
Diversified Industries
Tim Monachello, CFA | Managing Director, Equity Research
AFN Ag Growth International Inc.
MATR Mattr Infrastructure Technologies
Life Sciences
Frederico Gomes | Director, Equity Research
AAWH Ascend Wellness Holdings Inc.
ACB Aurora Cannabis Inc.
AYR.A Ayr Wellness Inc.
CBST The Cannabist Company Holdings Inc.
CL Cresco Labs Inc.
CURA Curaleaf Holdings Inc.
DB Decibel Cannabis Company Inc.
GLAS Glass House Brands Inc.
GTII Green Thumb Industries Inc.
HITI High Tide Inc.
JUSH Jushi Holdings Inc.
OGI OrganiGram Holdings Inc.
SNDL SNDL Inc.
TSND TerrAscend Corp.
TLRY Tilray Brands, Inc.
TRUL Trulieve Cannabis Corp.
VRNO Verano Holdings Corp.
VFF Village Farms International Inc.
WEED Canopy Growth Corporation
Growth and Innovation
Martin Toner, CFA | Managing Director, Equity Research
BITF Bitfarms Ltd.
BLN Blackline Safety Corp.
DCBO Docebo Inc.
GLXY Galaxy Digital Holdings Inc.
KXS Kinaxis Inc.
LSPD Lightspeed Commerce Inc.
MCLD mCloud Technologies Corp.
REAL Real Matters Inc.
RIOT Riot Platforms Inc.
SHOP Shopify Inc.
SFTC Softchoice Corporation
THNC Thinkific Labs, Inc.
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