Finder's Pick for
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Finder’s list of the best TSX stocks is updated monthly based on the results of our proprietary ranking system. These 10 best Canadian stocks to buy right now (also known as the best TSX stocks) are starting points for your own research and should not be taken as advice to buy any particular stock.
Baytex Energy Corp. is an oil and gas corporation based in Calgary, Alberta. The company acquires, develops and produces crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States.
NuVista is an oil and natural gas company that explores for, develops and produces oil and natural gas reserves in Western Canadian Sedimentary Basin. NuVista’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin.
Birchcliff Energy is an intermediate oil and natural gas company that acquires, explores for, develops and produces natural gas, light oil, condensate and natural gas liquids in Western Canada.
Cardinal Energy Ltd. acquires, explores for and produces low decline light, medium and heavy quality oil as well as natural gas in Western Canada. It has operations in Alberta and Saskatchewan.
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil and Pelican Lake heavy crude oil.
Crescent Point Energy Corp. explores, develops and produces light and medium crude oil and natural gas reserves in Western Canada and the United States.
Cenovus Energy Inc. develops, produces and markets crude oil, natural gas liquids and natural gas in Canada, the United States and the Asia Pacific region. The company operates through the following segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, US Manufacturing and Retail.
Enerplus Corporation explores and develops crude oil and natural gas in the United States and Canada. The company’s oil and natural gas properties are located primarily in North Dakota, Montana, Colorado and Pennsylvania; and Alberta, British Columbia and Saskatchewan.
Imperial Oil Limited explores for, produced and sells crude oil and natural gas in Canada. The company operates through 3 segments: Upstream, Downstream and Chemical segments.
Athabasca Oil Corporation explores for, develops and produces light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates through Thermal Oil and Light Oil segments.
Canadian General Investments is a closed-end equity mutual fund launched and managed by Morgan Meighen & Associates Limited. It invests in the public equity markets of Canada.
Franco-Nevada Corporation operates in the United States, Latin America, Canada, Australia, Europe, Africa and other markets through 2 segments: Mining and Energy. The mining segment focuses on precious metals such as gold, silver, and platinum group metals. The energy segment focuses on oil, gas and natural gas liquids.
Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds an equity interest in Iron Ore Company of Canada (IOC), which produces and processes iron ores in Newfoundland and Labrador.
MEG Energy Corp. is an energy company that focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. It develops oil recovery projects that use steam-assisted gravity drainage extraction methods to improve the recovery of oil and lower carbon emissions.
Suncor Energy, which owns Petro-Canada, is an integrated energy company that primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands. It operates 4 segments: Oil Sands, Exploration and Production, Refining and Marketing and lastly Corporate and Eliminations.
Dollarama operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store.
MCAN Mortgage Corporation is a mortgage investment corporation in Canada. The company offers single-family residential mortgages; residential construction, non-residential construction and commercial loans and real estate and securitization investments.
ARC Resources Ltd. explores, develops and produces crude oil, natural gas and natural gas liquids in Canada. As of December 31, 2020, it had proved plus probable reserves of 929 millions of barrels of oil equivalent.
Points.com Inc. provides technology solutions to the loyalty industry in the United States, Europe and other international markets. Its services enable customers to earn and redeem rewards when spending on travel and everyday purchases.
There’s no single winning strategy to finding what experts might call the best Canadian stocks on the TSX by performance, because the most important considerations are your own goals and circumstances. It’s not personal financial advice, and your personal objectives and financial situation have not been taken into consideration. Do your own research, and speak with an investment professional if in doubt.
Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase and decrease in value.
This list and data was compiled July 1, 2022. The algorithm was last updated 27 January 2021.
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