Oil stocks in Canada

Six popular Canadian oil and gas stocks to watch in.

Mackenzie Domazet's headshot

By

Mackenzie Domazet

Updated

Fact checked

Start comparing

Canada is home to a number of oil and gas companies. Here is Finder’s list of popular Canadian oil stocks to buy right now based on performance, price, profit, revenue and dividends.

What you should know before buying oil stocks

This list of popular 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.

Best welcome bonus

Go to site
4683c389-dc2c-4956-85ea-16ae67f2aa37-Research tools
Research tools
  • $0 commissions
  • Supports advanced order types
  • Advanced technical charting
  • Highly-rated customer support

Best for $0 commission trades

Go to site
7752f221-897b-460c-99e2-d0ab161d963d-Low commissions
Low commissions
  • Get $50 cash back (with $250 min. deposit) using promo code FINDER100
  • $0 commissions
  • Dual currency USD/CAD accounts
  • Advanced order types
  • Sophisticated charting and trading tools

Best for Beginners

Go to site
d599fb3a-3477-4063-87f4-1540c26e9cad-Easy to use app
Easy to use app
  • Easy-to-use platform
  • Low fees compared to other Big Bank platforms
  • Wide range of research tools and order types
  • Discounts for young investors and active traders

Popular Canadian oil and gas stocks to watch

1: Baytex Energy Corp

2: NuVista Energy Ltd.

3: Tourmaline Oil Corp.

4: Birchcliff Energy Ltd.

5: Cardinal Energy Ltd

6: Canadian Natural Resources Ltd

Baytex Energy Corp (BTE.TO)

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin. It offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.
  • Market cap: C$4.672 billion
  • YTD performance: 794.21%
  • 1 Year performance: 223.04%
  • 5 Year performance: 401.63%
  • P/E Ratio: N/A
  • Headquarters: Canada

NuVista Energy Ltd. (NVA.TO)

NuVista Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is also involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.
  • Market cap: C$3.753 billion
  • P/E Ratio: 11.8261
  • Headquarters: Canada

Tourmaline Oil Corp. (TOU.TO)

Tourmaline Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin.
  • Market cap: C$26.69 billion
  • YTD performance: 273.47%
  • 1 Year performance: 16.07%
  • 5 Year performance: 180.79%
  • P/E Ratio: 101.3676
  • Headquarters: Canada

Birchcliff Energy Ltd. (BIR.TO)

Birchcliff Energy Ltd., an intermediate oil and natural gas company, engages in the exploration, development, and production of natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds 91% working interest in the Pouce Coupe area is located northwest of Grande Prairie, Alberta; and 75% working interest in the Gordondale area is located northwest of Grande Prairie, Alberta.
  • Market cap: C$2.101 billion
  • YTD performance: 291.07%
  • 1 Year performance: 30.85%
  • 5 Year performance: 171.32%
  • P/E Ratio: 31.8333
  • Headquarters: Canada

Cardinal Energy Ltd (CJ.TO)

Cardinal Energy Ltd. engages in the acquisition, exploration, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan in Canada.
  • Market cap: C$1.994 billion
  • YTD performance: 1239.76%
  • 1 Year performance: 139.14%
  • 5 Year performance: 407.77%
  • P/E Ratio: 88.6154
  • Headquarters: Canada

Canadian Natural Resources Ltd (CNQ.TO)

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil.
  • Market cap: C$141.613 billion
  • YTD performance: 112.37%
  • 1 Year performance: 91.16%
  • 5 Year performance: 91.16%
  • P/E Ratio: 13.1512
  • Headquarters: Canada

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.

7 of 7 results
Finder Score Available Asset Types Account Types Stock Trading Fee Monthly Account Fee
Finder Score
9.6 Excellent
Stocks, Bonds, Options, Mutual Funds, Index Funds, ETFs, Forex, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin
$0
$0
Finder exclusive: Get $50 cash back with the Questrade promo code FINDER100. Offer ends April 13, 2026. T&Cs apply.
Go to site View details
Compare product selection
Wealthsimple logo
Finder Score
8.6 Great
Wealthsimple
Finder Score
8.6 Great
Stocks, Options, ETFs, Cryptocurrency
RRSP, TFSA, Personal, Margin
$0
$0
Get up to a 3% match. Win a $3M home. T&Cs apply. Valid until April 30.
Go to site View details
Compare product selection
CIBC logo
Finder Score
7.9 Great
CIBC Investor's Edge
Finder Score
7.9 Great
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, Business, FHSA, Margin
$6.95
$0 if conditions met, or $100
Get 100 free online stock and ETF trades when you open a new account & get up to $15,000 in cashback when you transfer funds from outside CIBC to your new or existing account. Valid until March 31, 2026. T&Cs apply.
Go to site View details
Compare product selection
Qtrade logo
Finder Score
9.1 Excellent
Qtrade Direct Investing
Finder Score
9.1 Excellent
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin
$0
$0
Earn up to $5,000 in cashback when opening and funding a new Qtrade account. Valid until April 30, 2026.. T&Cs apply.
Go to site View details
Compare product selection
BMO logo
Finder Score
8.2 Great
BMO InvestorLine
Finder Score
8.2 Great
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin
$3.95–$9.95
$0 if conditions met, otherwise $50 - $100 per year
Win up to $100,000. Open and fund a new BMO InvestorLine account for your chance to win one of 11 cash prizes. T&Cs apply. Valid until June 1, 2026.
View details
Compare product selection
Interactive Brokers logo
Finder Score
9.4 Excellent
Interactive Brokers
Finder Score
9.4 Excellent
Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures
RRSP, TFSA, Personal, Joint, Business, FHSA, Margin
Min $1.00, Max 0.5%
$0
View details
Compare product selection
Moomoo logo
Finder Score
8.6 Great
Moomoo
Finder Score
8.6 Great
Stocks, Options, ETFs
RRSP, TFSA, Personal, FHSA, Margin
$1.49/stock
$0
Get up to $4,600+ in trading perks T&Cs apply..
View details
Compare product selection
loading
Showing 7 of 7 results

Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.

Read the full methodology

Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. 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 most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

Looking for oil alternatives?

8:38

More on investing

Ethereum
Stock Trading

Ethereum treasury companies

We break down which companies hold Ethereum, why they’re doing it and what ETH treasuries mean for markets and investors.

How do ETFs work?
Stock Trading

How do ETFs work?

Your guide to how ETFs work and whether this type of investment is right for you.

how to read stock charts
Stock Trading

How to read stock charts

Learning how to read stock charts and recognize chart patterns can unlock your success as a trader.

Mackenzie Domazet's headshot
Publisher

Mackenzie Domazet is a Senior SEO Strategist at Forbes Advisor and former investments publisher at Finder. She has worked at one of Canada’s largest financial institutions, as well as one of the country's fastest growing fintech companies. She also films videos for the Investment Finder YouTube channel, where she explains financial concepts, reviews trading platforms and more. An active growth investor, Mackenzie has been investing on her own since she was 18. She has a bachelor’s degree in business and is an avid runner and reader. See full bio

More resources on Finder

More guides on Finder

Go to site