Canadian Oil Energy Stocks

Save article the canadian oil and gas stocks we ve discovered could bounce back big over the next year.

Canadian oil energy stocks.

Oil and gas penny stocks are represented by the invesco s p. Many canadian oil stocks like parex and frontera are trading at deep discounts to their net asset value. Suncor canadian natural resources imperial oil. Several had soared by double digits by mid morning including canadian natural resources nyse cnq cenovus energy nyse cve suncor energy.

Oil and energy stocks have plunged in value since the coronavirus pandemic emerged. It is canada s largest natural. A double whammy of covid 19 and the russia saudi arabia production dispute has battered canada s oil patch the economy though needs oil and gas and demand is expected to rebound with increased business and consumer activity following the easing of social. Is the largest energy infrastructure company in north america.

The canadian energy market spans from coast to coast and distributes energy and utilities in large quantities to the united states and other. On march 6th 2020 i published oil stocks should continue to be avoided which. Shares of canadian oil producers are rallying today. Canadian oil stocks the best energy stocks for 2020 1.

The dow jones industrial average has lost 20 since the start of 2020 while the s p tsx composite has shed 21. It supplies more than 25 of natural gas. Canadian energy and utility stocks are notorious for being among the highest yielding stocks on the toronto stock exchange and operate mostly in the oil natural gas and renewable energy sub sectors. Smallcappower april 8 2020.

Tc energy is a leading north american infrastructure company. Axas and sm energy co. Buy canadian energy now at cyclical bottom. Oas abraxas petroleum corp.

In my opinion the following five canadian oil and gas stocks offer the most compelling opportunities with a three to five year investment horizon in mind. Canadian natural resources cnq to 4. Suncor energy su to 5. 9 largest canadian dividend energy stocks enbridge.

That makes them extremely attractively valued contrarian plays at this time.