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Best Canadian oil stocks

These 5 Canadian oil and gas stocks are worth watching.

View the best Canadian oil stocks Jump to stock list

Canada is home to a number of oil and gas companies. Here is Finder’s list of the best Canadian oil stocks trading on major US stock exchanges 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.

Finder’s top picks for buying Canadian oil stocks in the US

Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.

Best Canadian oil and gas stocks to watch in 2022

All of the following oil and gas companies are headquartered in Canada but trade on US stock exchanges, making it easy to invest in Canadian oil even if you live in the US.

Canadian Natural Resources logo

1. Canadian Natural Resources Ltd. (CNQ)

Canadian Natural Resources acquires, explores for, develops, produces, markets and sells crude oil, natural gas and natural gas liquids (NGLs). It operates primarily in Western Canada, the United Kingdom portion of the North Sea and Offshore Africa.

  • Market capitalization: $57.486 billion
  • 1-year performance: 17.87%
  • 5-year performance: 211%
  • Dividend yield: 4.62%
  • P/E Ratio: 8.08

Buy CNQ.NYSE now


Cenovus Energy logo

2. Cenovus Energy Inc (CVE)

Cenovus Energy Inc. develops, produces and markets crude oil, natural gas liquids and natural gas in Canada, the United States and the Asia Pacific region.

  • Market capitalization: $33.47 billion
  • 1-year performance: 37.54%
  • 5-year performance: 325%
  • Dividend yield: 1.88%
  • P/E Ratio: 22.22

Buy CVE.NYSE now


Franco-Nevada Corporation logo

3. Franco-Nevada Corporation (FNV)

Franco-Nevada Corporation is a gold-focused royalty and streaming company in Latin America, the United States, Canada and other international markets. Its focuses on precious metals (gold, silver and platinum) and energy (oil, gas and natural gas liquids).

  • Market capitalization: $23.893 billion
  • 1-year performance: -15.28%
  • 5-year performance: 59%
  • Dividend yield: 1.04%
  • P/E Ratio: 32.14

Buy FNV.NYSE now


Teck Resources Limited logo

4. Teck Resources Limited (TECK)

Teck Resources explores for, acquires, develops and produces natural resources in Asia, Europe and North America. It focuses on steelmaking coal, copper, zinc and energy and holds interest in Frontier oil sands projects in the Athabasca region of Alberta.

  • Market capitalization: $13.775 billion
  • 1-year performance: 24.01%
  • 5-year performance: 120%
  • Dividend yield: 1.46%
  • P/E Ratio: 4.40

Buy TECK.NYSE now


Pembina Pipeline Corporation logo

5. Pembina Pipeline Corp (PBA)

Pembina Pipeline provides transportation and midstream services for the energy industry. It operates through 3 segments: Pipelines, Facilities and Marketing & New Ventures.

  • Market capitalization: $19.882 billion
  • 1-year performance: 14.38%
  • 5-year performance: 162%
  • Dividend yield: 5.30%
  • P/E Ratio: 20.15

Buy PBA.NYSE now

Biggest oil companies you can buy stocks in

If your strategy is big oil, here are the biggest oil companies around the world:

How to invest in oil

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.

1 - 8 of 13
Name Product Asset types Annual fee Signup bonus
SoFi Invest
Stocks, ETFs, Cryptocurrency
0%
$10 - $100
when you open an account and place a first crypto trade of $50 - $5,000+
A free way to invest in most equities.
eToro
Stocks, ETFs, Cryptocurrency
0%
$10
when you sign up and deposit $100
Trade stocks in the app or online with $0 commissions. Not available in NY, NV, MN, TN, and HI.
Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.
Tastyworks
Stocks, Options, ETFs, Cryptocurrency
0%
$200 in US stocks
when you open and fund an account with min. $2,000 for 3+ mos.
Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
JPMorgan Self-Directed Investing
Stocks, Bonds, Options, Mutual funds, ETFs
0%
$125 - $625
when you open and fund an account with $25,000 - $250,000+
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
TradeStation
Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency
$0 per month
$150
when you open an account with $500+ using the promo code TSTVAFYB
A platform built for all kinds of traders and all styles of trading.
Vanguard Personal Advisor
Stocks, Mutual funds, ETFs
$20 per year
N/A
Financial advice powered by relationships, not commissions.
Robinhood
Stocks, Options, ETFs, Cryptocurrency
0%
Get up to $600
when you open and fund a new account. T&Cs apply.
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Axos Bank Self Directed Investing
Stocks, Options, Mutual funds, ETFs
$0 per month
Get $200
when you open and fund a new account using the code “LEVEL UP”. T&Cs apply.
Enjoy commission-free stock and ETF trades and access over 10,000 no-load mutual funds with Axos Financial.
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Compare up to 4 providers

Looking for oil alternatives?

Disclaimer: The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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