Considering investing in Canadian oil and gas stocks? While the best Canadian oil and gas stocks depend on your portfolio and investment goals, we've identified some Canadian oil and gas stocks that are worth keeping an eye on in the Canadian energy sector. Keep reading to learn more about Canadian oil and gas stocks and how to start investing.
We round up a selection of stocks in or related to the Canadian energy industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy on Questrade |
|---|---|---|---|---|---|
| Canadian Natural Resources (CNQ.TO) | 81.62% | $158.3 billion (CAD) | Toronto Stock Exchange | 4,773,454 | Buy now |
| Baytex Energy (BTE.TO) | 100.90% | $4.7 billion (CAD) | Toronto Stock Exchange | 5,384,531 | Buy now |
| Tourmaline Oil (TOU.TO) | 17.25% | $26.3 billion (CAD) | Toronto Stock Exchange | 2,172,821 | Buy now |
| Birchcliff Energy (BIR.TO) | 12.27% | $1.9 billion (CAD) | Toronto Stock Exchange | 4,218,913 | Buy now |
| Cardinal Energy (CJ.TO) | 55.88% | $2.3 billion (CAD) | Toronto Stock Exchange | 1,917,446 | Buy now |
| Suncor Energy (SU.TO) | 101.29% | $123.4 billion (CAD) | Toronto Stock Exchange | 1,801,471 | Buy now |
| Imperial Oil (IMO.TO) | 58.61% | $88.8 billion (CAD) | Toronto Stock Exchange | 1,765,693 | Buy now |
| Cenovus Energy (CVE.TO) | 97.28% | $83 billion (CAD) | Toronto Stock Exchange | 4,246,496 | Buy now |
| Enbridge (ENB.TO) | 10.64% | $153.4 billion (CAD) | Toronto Stock Exchange | 8,244,031 | Buy now |
| Cenovus Energy (CVE.TO) | 97.28% | $83 billion (CAD) | Toronto Stock Exchange | 4,246,496 | Buy now |
The Canadian energy industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering Canadian oil and gas stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
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A lot of factors go into picking the best Canadian oil and gas stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong Canadian oil and gas stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular Canadian oil and gas stocks in or related to the Canadian energy industry to help narrow down your options:
Keep in mind that this is not a "best" list or a recommendation. It highlights some Canadian oil and gas stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each Canadian oil and gas stock below. Keep reading to decide if any of these companies are the right investment for you.
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.
Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
| Closing stock price | C$78.42 |
|---|---|
| Market Capitalization | C$158.3 billion |
| Gross profit (TTM) | C$23 billion |
| Profit margin | 26.31% |
| Revenue (TTM) | C$44.7 billion |
| Earnings per share (TTM) | C$5.63 |
| 52-week stock price range | C$40.50 – C$77.70 |
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.
The company also holds 100% interest in Duvernay and Peace River properties in Alberta; and Lloydminster property in Alberta and Saskatchewan.
| Closing stock price | C$6.71 |
|---|---|
| Market Capitalization | C$4.7 billion |
| Gross profit (TTM) | C$987.6 million |
| Profit margin | -42.86% |
| Revenue (TTM) | C$1.7 billion |
| Earnings per share (TTM) | -C$0.53 |
| 52-week stock price range | C$3.20 – C$7.87 |
Tourmaline Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex.
Tourmaline Oil Corp. was incorporated in 2008 and is headquartered in Calgary, Canada.
| Closing stock price | C$68.64 |
|---|---|
| Market Capitalization | C$26.3 billion |
| Gross profit (TTM) | C$2.3 billion |
| Profit margin | 7.85% |
| Revenue (TTM) | C$4.8 billion |
| Earnings per share (TTM) | C$0.93 |
| 52-week stock price range | C$56.61 – C$69.45 |
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.
It also holds interest in Elmworth area located in west of Grande Prairie, Alberta.
| Closing stock price | C$7.38 |
|---|---|
| Market Capitalization | C$1.9 billion |
| Gross profit (TTM) | C$463.5 million |
| Profit margin | 13.38% |
| Revenue (TTM) | C$716.1 million |
| Earnings per share (TTM) | C$0.35 |
| 52-week stock price range | C$5.67 – C$8.07 |
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. The company was incorporated in 2010 and is headquartered in Calgary, Canada.
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| Closing stock price | C$11.46 |
|---|---|
| Market Capitalization | C$2.3 billion |
| Gross profit (TTM) | C$338.5 million |
| Profit margin | 11.46% |
| Revenue (TTM) | C$550 million |
| Earnings per share (TTM) | C$0.36 |
| 52-week stock price range | C$7.24 – C$13.69 |
Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. The company operates through Oil Sands; Exploration and Production; and Refining and Marketing segments.
The Oil Sands segment produces bitumen; and markets, supplies, and transports and manages crude oil, power, and byproducts.
| Closing stock price | C$108.65 |
|---|---|
| Market Capitalization | C$123.4 billion |
| Gross profit (TTM) | C$34.2 billion |
| Profit margin | 15.78% |
| Revenue (TTM) | C$56.6 billion |
| Earnings per share (TTM) | C$7.89 |
| 52-week stock price range | C$55.63 – C$112.80 |
Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates in three segments: Upstream, Downstream and Chemical segments.
The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen.
| Closing stock price | C$193.48 |
|---|---|
| Market Capitalization | C$88.8 billion |
| Gross profit (TTM) | C$9.3 billion |
| Profit margin | 8.06% |
| Revenue (TTM) | C$51.6 billion |
| Earnings per share (TTM) | C$8.55 |
| 52-week stock price range | C$113.03 – C$192.40 |
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments.
The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region.
| Closing stock price | C$45.02 |
|---|---|
| Market Capitalization | C$83 billion |
| Gross profit (TTM) | C$16.1 billion |
| Profit margin | 12.37% |
| Revenue (TTM) | C$53.9 billion |
| Earnings per share (TTM) | C$3.59 |
| 52-week stock price range | C$21.26 – C$47.46 |
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.
The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
| Closing stock price | C$68.58 |
|---|---|
| Market Capitalization | C$153.4 billion |
| Gross profit (TTM) | C$27.2 billion |
| Profit margin | 7.34% |
| Revenue (TTM) | C$83.5 billion |
| Earnings per share (TTM) | C$2.59 |
| 52-week stock price range | C$59.99 – C$79.56 |
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments.
The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region.
| Closing stock price | C$45.02 |
|---|---|
| Market Capitalization | C$83 billion |
| Gross profit (TTM) | C$16.1 billion |
| Profit margin | 12.37% |
| Revenue (TTM) | C$53.9 billion |
| Earnings per share (TTM) | C$3.59 |
| 52-week stock price range | C$21.26 – C$47.46 |
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