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.

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Our selection of top picks is based on the same criteria as our annual Stock Trading Platform Awards. This is updated yearly to reflect changes in the market.

"Best for" picks are those we've evaluated to be best for specific product features or categories – you can read our full methodology here. If we show a "Promoted" pick, it's been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.

This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.

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 and in the Eagle Ford, the United States. It offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.

Market cap: C$3.719 billion
YTD performance: 613.05%
1 Year performance: 157.6%
5 Year performance: 412.5%
P/E Ratio: 17.2857
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
YTD performance: 1925.54%
1 Year performance: 75.49%
5 Year performance: 1128.39%
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$24.251 billion
YTD performance: 253.47%
1 Year performance: 9.85%
5 Year performance: 171.25%
P/E Ratio: 17.9029
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$1.952 billion
YTD performance: 280.45%
1 Year performance: 36.2%
5 Year performance: 163.96%
P/E Ratio: 26.2963
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$1.625 billion
YTD performance: 1062.66%
1 Year performance: 107.53%
5 Year performance: 579.58%
P/E Ratio: 19.1224
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 light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).

Market cap: C$110.655 billion
YTD performance: 72.34%
1 Year performance: 55.13%
5 Year performance: 55.13%
P/E Ratio: 16.8101
Headquarters: Canada

We used Finder’s proprietary algorithm to identify the most popular Canadian 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 oil and gas 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 oil 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 January 27, 2022. This list and data was compiled October 6, 2022.

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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Finder Score	Available Asset Types	Account Types	Stock Trading Fee	Monthly Account Fee
Finder Score 8.1 Great Qtrade Direct Investing	Finder Score 8.1 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA	$0	$0	ENDS SOON! $80 DIGITAL VISA CARD REWARD 1 Join Finder 2 Open and fund a Qtrade Direct Investing Account 3 Get a digital Visa gift card from Finder Ends by. T&Cs apply.	Earn up to $5,000 in cashback when opening and funding a new Qtrade account. Valid until March 31, 2026.. T&Cs apply.	Go to site View details Compare product selectionCompare	loading
Finder Score 9.1 Excellent Questrade	Finder Score 9.1 Excellent	Stocks, Bonds, Options, Mutual Funds, Index Funds, ETFs, Forex, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA	$0	$0	Go to site View details Compare product selectionCompare	loading
Finder Score 7.4 Great Moomoo	Finder Score 7.4 Great	Stocks, Options, ETFs	RRSP, TFSA, Personal, FHSA	$1.49/stock	$0	ENDS SOON! $100 DIGITAL VISA CARD REWARD 1 Join Finder 2 Open and fund a Moomoo stock trading account 3 Get a digital Visa gift card from Finder Ends by. T&Cs apply.	Get up to $4,600+ in trading perks T&Cs apply..	Go to site View details Compare product selectionCompare	loading
Finder Score 7.6 Great CIBC Investor's Edge	Finder Score 7.6 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, Business, FHSA	$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 selectionCompare	loading
Finder Score 8.8 Great Interactive Brokers	Finder Score 8.8 Great	Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures	RRSP, TFSA, Personal, Joint, Business, FHSA	Min $1.00, Max 0.5%	$0	View details Compare product selectionCompare	loading

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Showing 5 of 5 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.

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Written by

Mackenzie Domazet

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

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