Free cash flow in the North American energy sector is about to soar, and that trend should continue for the next 5-10 years—even with declining oil and gas prices—says US brokerage firm Raymond James (RJ). For investors, it could (should?) mean higher multiples as energy producers turn into more sustainable...

The media said there was no winner at the June OPEC meeting held early this past week. But there was—a big winner in fact. OPEC producers didn’t win because they didn’t get a production-cap deal that would instantly give them a higher oil price. Even the Saudis are now issuing multi-billion dollar...