Finder's Pick for
Canadian Oil Stocks
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Best oil stocks in Canada
These are the best Canadian oil and gas stocks to watch in June 2022.
Canada is home to a number of oil and gas companies. Here is Finder’s list of the best Canadian oil stocks to buy right now based on performance, price, profit, revenue and dividends.
Latest updates
Tuesday, June 14:
- Global oil supply has been crippled as North American countries refuse Russian oil as punishment for the country’s invasion of Ukraine and EU countries promise to cut down Russian oil imports by 90% by the end of the year.
- This has resulted in a continuous increase in oil prices: U.S. gasoline prices hit $5 per gallon for the first time ever and Moody’s Analytics thinks they could hit $5.50 within a couple of weeks.
- Plus, as China opens back up following COVID lockdowns, this will continue to raise global demand, which will further increase the price of oil.
Wednesday, April 27:
- Russia cut off natural gas exports to NATO countries Poland and Bulgaria in what is seen as a punishment for Western countries’ support for Ukraine.
- This will likely impact global economies and other industries as we saw last month.
Wednesday, April 20:
- The price of oil temporarily entered negative territory in the US due to expiring oil futures contracts, triggering another stock market slump. This was the first time in history that the price of oil went negative.
Wednesday, March 9:
- Since Russia’s February 24th invasion of Ukraine, oil has soared amidst global volatility.
- Russia is the world’s largest exporter of oil to global markets, and news that the US is now banning oil imports from Russia has caused oil and gas stocks to surge further.
What you should know before buying oil stocks
This list of the best Canadian oil and gas stocks is meant to help you conduct your own research in finding the best oil stocks to buy right now. It is not investment advice. No single oil stock or list of stocks will suit all investors, and we all have different goals and needs. Always remember that past performance does not guarantee future results.
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Best Canadian oil and gas stocks to watch in 2022
1. Crescent Point Energy Corp. (CPG.TO)
Crescent Point Energy Corp. explores, develops and produces light and medium crude oil and natural gas reserves in Western Canada and the United States.
- Market cap: C$5.396 billion
- YTD performance: 39.11%
- 1 Year performance: 104.58%
- 5 Year performance: 330%
- P/E Ratio: 2.28
2. Franco-Nevada Corporation (FNV.TO)
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Latin America, Canada, Australia, Europe, and Africa and internationally. It operates through two segments, Mining and Energy.
- Market cap: C$39.108 billion
- YTD performance: 16.83%
- 1 Year performance: 15.36%
- 5 Year performance: 56%
- P/E Ratio: 42.33
3. Baytex Energy Corp. (BTE.TO)
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.
- Market cap: C$3.814 billion
- YTD performance: 71.36%
- 1 Year performance: 440.32%
- 5 Year performance: 352%
- P/E Ratio: 2.38
4. NuVista Energy Ltd. (NVA.TO)
NuVista Energy Ltd. is a condensate and natural gas company that develops, delineates and produces condensate, oil and natural gas reserves in the Western Canadian Sedimentary Basin.
- Market cap: C$2.428 billion
- YTD performance: 53.30%
- 1 Year performance: 420.49%
- 5 Year performance: 345%
- P/E Ratio: 9.36
5. PrairieSky Royalty Ltd. (PSK.TO)
Pipestone Energy Corp. engages in the exploration, development, and production of oil and natural gas liquids in Western Canada. Pipestone Energy Corp. is a subsidiary of Canadian Non-Operated Resources LP.
- Market cap: C$4.126 billion
- YTD performance: 26.78%
- 1 Year performance: 36.28%
- 5 Year performance: 208%
- P/E Ratio: 31.42
Biggest oil companies you can buy stocks in
If your strategy is big oil, here are the biggest oil companies around the world:
- Royal Dutch Shell. A British-Dutch oil and gas company
- BP. A multinational oil and gas company
- Exxon Mobil. An American oil and gas corporation
- Chevron Corporation. An energy corporation based in California, USA
- ConocoPhillips. A multinational energy corporation in the US
How to invest in oil in Canada
Buy Canadian oil and gas stocks through an online broker
To invest in any of these oil and gas stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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