08:53 AM EDT, 04/19/2024 (MT Newswires) -- Canadian energy producers remain "well positioned" to continue improving their financial resiliency while boosting shareholder returns, RBC Capital Markets said on Friday.

RBC cited the "stern capital discipline and balance sheet deleveraging" of energy companies while noting that crude oil and liquefied natural gas development remain strong.

"We maintain our bullish thesis that Canada's energy landscape has not looked this favorable in over a decade," RBC said.

In the Canadian energy infrastructure sector, RBC said it continues to favor midstream stocks with leverage to increase natural gas and natural gas liquids production.

According to RBC, support from regulators and governments as well as a favorable yield environment may lead to a stronger baseline appetite for the Canadian regulated utility sector.

In Alberta, RBC said power prices continue to moderate.