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Best oil stocks
These are the best oil and gas stocks to buy now in Canada.
Canada is home to a number of oil and gas companies. We rounded up a list of the best Canadian oil stocks to buy right now.
What you should know before buying oil stocks
This list of the best Canadian oil 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 stock or list of stocks will suit all investors, and we all have different goals and needs.
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 go up and down in value.
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How to invest in oil in Canada
How did we pick the best oil stocks in Canada?
We used Finder’s proprietary algorithm to identify the best oil stocks listed on the TSX based on price, performance, profit, revenue and dividends. Our fundamental analysis filters stocks by taking into account historical prices, dividends, revenue growth, (low) price volatility and profit margins.
To avoid smaller, more speculative stocks, we only include companies with a market cap of more than CAD $200 million. In order to better compare historical data, we filtered out stocks that have been listed for less than five years.
We do not guarantee the performance or returns of any investment. Our methodology might filter out some good stocks, so our decision to include or exclude a stock from this list does not indicate whether it’s a good or bad investment. For more info about our algorithm, check out our stock ranking page.
The algorithm was last updated 27 January 2021. This list and data was compiled June 28, 2021.
Best oil and gas stocks to watch in 2021
Headwater Exploration Inc (HWX.TO)
Headwater Exploration Inc., a junior resource company, engages in the exploration, development, and production of petroleum and natural gas in Western Canadian Sedimentary Basin. The company explores for petroleum and natural gas onshore in New Brunswick.
- Market cap: C$876.172 million
- YTD performance: 84.11%
- 1 Year performance: 260.66%
- 5 Year performance: 1057.9%
- P/E Ratio: 111.25
- Headquarters: Canada
Paramount Resources Ltd. (POU.TO)
Paramount Resources Ltd., an independent energy company, explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids in Canada. The company’s principal properties are the Montney and Duvernay developments located in Alberta and British Columbia. It also invests in public and private corporations. The company was founded in 1976 and is based in Calgary, Canada.
- Market cap: C$2.229 billion
- YTD performance: 76.57%
- 1 Year performance: 240.32%
- 5 Year performance: 430%
- P/E Ratio: 17.20
- Headquarters: Canada
MEG Energy Corp. (MEG.TO)
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. It develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions. The company transports and sells thermal oil to refiners in North America and internationally.
- Market cap: C$2.63 billion
- YTD performance: 94.61%
- 1 Year performance: 135.97%
- 5 Year performance: 349%
- P/E Ratio: N/A
- Headquarters: Canada
Pipestone Energy Corp. (PIPE.TO)
Pipestone Energy Corp. engages in the exploration, development, and production of oil and natural gas liquids in Western Canada. The company is headquartered in Calgary, Canada. Pipestone Energy Corp. is a subsidiary of Canadian Non-Operated Resources LP.
- Market cap: C$417.139 million
- YTD performance: 225.37%
- 1 Year performance: 350%
- 5 Year performance: 297%
- P/E Ratio: N/A
- Headquarters: Canada
PrairieSky Royalty Ltd. (PSK.TO)
Pipestone Energy Corp. engages in the exploration, development, and production of oil and natural gas liquids in Western Canada. The company is headquartered in Calgary, Canada. Pipestone Energy Corp. is a subsidiary of Canadian Non-Operated Resources LP.
- Market cap: C$3.403 billion
- YTD performance: 51.64%
- 1 Year performance: 80.42%
- 5 Year performance: 212%
- P/E Ratio: 85.47
- Headquarters: Canada
Tourmaline Oil Corp
Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex.
- Market cap: C$9.795 billion
- YTD performance: 92.25%
- 1 Year performance: 168.21%
- 5 Year performance: 188%
- P/E Ratio: 10.22
- Headquarters: Canada
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, 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 CFDs and 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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