Many are fleeing the Canadian Oil sector. But if anyone knows how to trade now is the time to buy.

UBS Securities Canada analyst Andrew Potter thinks investors may have over-estimated the likely impact of the proposed royalty increases.
He said in a note to clients Friday that the companies he covers have collectively lost $13-billion in market value since the panel announced its conclusions late Tuesday, with the average large-cap E&P/Integrated company’s shares dropping 3.7 per cent and the pure oil sands plays down by an average of about 7 per cent.
“In general, we believe the stocks are oversold in relation to [net asset value] reductions,” he said.

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