Canadian energy companies are some of the largest cap companies in the country. Energy stocks in Canada are a good source of dividends; they provide a stable investment and opportunity for growth. There are innovations in Canadian energy which are available to invest in, or traditional investments in energy such as oil and gas are still very attractive.
Best Canadian Energy Stocks
Canadian energy giants: These are the largest cap stable companies with the most energy assets in Canada. These stocks offer great dividends with regular payments; energy companies are a good source for income investing. These companies continue to do well with rising energy prices, new growth opportunities and a general increase in demand for energy.
*Descriptions sourced from: https://finance.yahoo.ca/
Enbridge Inc. – ENB.TO
Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invest in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment are involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario and natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery facilities, and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
Canadian Natural Resources – CNQ.TO
Canadian Natural Resources Limited acquires, explores, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), 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. As of December 31, 2020, the company had total proved crude oil, bitumen, SCO, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, SCO, and NGLs reserves were 13,271 MMbbl; proved natural gas reserves were 9,465 billion cubic feet (Bcf), and total proved plus probable natural gas reserves were 15,922 Bcf. It operates primarily in Western Canada, the United Kingdom portion of the North Sea, and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
TC Energy Corporation – TRP.TO
TC Energy Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage segments. The company builds and operates a 93,400 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses. It also has regulated natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. In addition, it has an approximately 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in Illinois, Oklahoma, Texas, and the U.S. Gulf Coast.
Further, the company owns or has interests in seven power generation facilities with a combined capacity of approximately 4,200 megawatts that are powered by natural gas and nuclear fuel sources located in Alberta, Ontario, Quebec, and New Brunswick; and owns and operates about 118 billion cubic feet of non-regulated natural gas storage capacity in Alberta. In addition, it has a strategic collaboration with Nikola Corporation. The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019. TC Energy Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
Suncor Energy Inc. – SU.TO
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada. It operates in Oil Sands; Exploration and Production; Refining and Marketing, and Corporate and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations and upgrades it into refinery feedstock and diesel fuel or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and the North Sea and operating onshore assets in Libya and Syria. The Refining and Marketing segment refines crude oil and intermediate feedstock into various petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its other retail sellers. The Corporate and Eliminations segment operates four wind farm operations in Ontario and Western Canada. The company also markets and trades in crude oil, natural gas, byproducts, refined products, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada.
Cenovus Energy – CVE.TO
It develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region with its subsidiaries. The company operates through Oil Sands, Conventional, and Refining and Marketing segments. The Oil Sands segment develops and produces bitumen in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake, Narrows Lake, and other projects in the early stages of development. The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, and Clearwater operating areas of British Columbia and Alberta and various interests in natural gas processing facilities. The Refining and Marketing segment transports and sells crude oil, natural gas, and NGLs. In addition, this segment owns a 50% ownership in Wood River and Borger refineries located in the United States and owns and operates a crude-by-rail terminal in Alberta. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
Imperial Oil – IMO.TO
Imperial Oil Limited explores, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2020, this segment had 138 million oil-equivalent barrels of proved undeveloped reserves. The Downstream segment is involved in the transportation and refining of crude oil and blending, distribution, and marketing of refined products. It also transports crude oil to refineries by contracted pipelines, common carrier pipelines, and rail; maintains a distribution system to move petroleum products to market by pipeline, tanker, rail, and road transport; and owns and operates fuel terminals, natural gas liquids, and products pipelines in Alberta, Manitoba, and Ontario. In addition, this segment markets and supplies petroleum products to the motoring public through approximately 2,400 Esso and Mobil-branded sites.
Further, it sells petroleum products, including fuel, asphalt, and lubricants for industrial and transportation customers, independent marketers, and resellers, as well as other refiners serving the agriculture, residential heating, and commercial markets through branded fuel and lubricant resellers. In addition, the Chemical segment manufactures and markets petrochemicals and polyethylene, such as benzene, aromatic, and aliphatic solvents; plasticizer intermediates; and polyethylene resins. The company was incorporated in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation.
Pembina Pipeline Corporation – PPL.TO
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 million barrels of oil equivalent per day, ground storage of 11 million barrels, and rail terminalling capacity of approximately 145 thousand barrels of oil equivalent per day serving markets and basins across North America. The Facilities segment offers an infrastructure that provides customers with natural gas, condensate, and natural gas liquids (NGLs), including ethane, propane, butane, and condensate; and includes 354 thousand barrels per day of NGL fractionation capacity, 21 million barrels of cavern storage capacity, and associated pipeline and rail terminalling facilities. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas originating in the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada.
Keyera – KEY.TO
Keyera Corp. engages in the energy infrastructure business in Canada. It operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The company’s Gathering and Processing segment owns and uses raw gas gathering pipelines and processing plants, collecting and processing raw natural gas, removing waste products, separating the economical components, primarily natural gas liquids, and providing condensate handling services. It has approximately 4,400 kilometres of gathering pipelines and holds interests in 12 active gas plants in Alberta. The company’s Liquids Infrastructure segment provides processing, fractionation, storage, transportation, liquids blending, and terminalling services for natural gas liquids (NGLs) and crude oil through a network of facilities that include underground NGL storage caverns, above-ground storage tanks, NGL fractionation and de-ethanization facilities, pipelines, rail and truck terminals, liquids blending facilities, and the Alberta EnviroFuels facility. It also produces iso-octane. The company’s Marketing segment engages in the marketing of propane, butane, condensate and iso-octane, and liquid blending activities. The company was formerly known as Keyera Facilities Income Fund and changed its name to Keyera Corp. in January 2011. Keyera Corp. was founded in 2003 and is headquartered in Calgary, Canada.
Other Energy Sector Companies Canada:
CPG Crescent Point Energy – CPG.TO
Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company’s crude oil and natural gas properties and related assets are located in Saskatchewan, Alberta, British Columbia, Manitoba, North Dakota and Montana. Crescent Point Energy Corp. was incorporated in 1994 and is headquartered in Calgary, Canada.
Parkland Corporation – PKI.TO
Parkland Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada, the United States, and internationally. The company operates through Canada, International, USA, Supply, and Corporate segments. The Canada segment supplies and supports a coast-to-coast network of 1,860 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Chevron, Pioneer, and Race Trac and operates convenience stores under the On the Run/March© Express brand. Additionally, it offers bulk fuel, bulk and cylinder exchange propane, heating oil, lubricants, and other related products and services to commercial, industrial, and residential customers in various industries, such as oil and gas, construction, mining, forestry, fishing, and transportation under the Ultramar, Bluewave Energy, Pipeline Commercial, Chevron, Columbia Fuels, and Sparlings Propane brands. The International segment operates retail service stations under the Esso, Shell, and Sol brands. It supplies gasoline, diesel, fuel oil, propane, and lubricants to customers in various sectors, including power, oil and gas, and mining. The USA segment operates a network of gas stations. It delivers bulk fuel, lubricants, and other related products and services under the Farstad Oil, Rhinehart Oil, Tropic Oil, Superpumper, Harts, and On the Run brands. The Supply segment manufactures transportation fuels; transports, stores, and markets fuels, crude oil, and liquid petroleum gases; and produces and sells aviation fuel to airlines. This segment also engages in the wholesale, supply, and distribution business. The company was formerly known as Parkland Fuel Corporation and changed its name to Parkland Corporation in May 2020. The company was founded in 1977 and is headquartered in Calgary, Canada.
Birchcliff Energy – BIR.TO
Birchcliff Energy Ltd., an intermediate oil and natural gas company, acquires, explores, develops, and produces natural gas, light oil, condensate, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play and other assets located in the Peace River Arch area of Alberta. As of December 31, 2020, it had interests in various gas plants, oil batteries, compressors, facilities, and infrastructure; and 198,553.7 net acres of undeveloped land and proved plus probable reserves of 1,040.5 million barrels of oil equivalent. The company was incorporated in 2004 and is headquartered in Calgary, Canada.
NextEra Energy – NYSE:NEE
NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and fossil fuel, such as coal and natural gas. It also develops, constructs, and operates long-term contracted assets focusing on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, constructs, manages and operates electric generation facilities in wholesale energy markets. As of December 31, 2020, the company operated approximately 28,400 megawatts of net generating capacity. It serves about 11 million people through approximately 5.6 million customer accounts in Florida’s east and lower west coasts, with approximately 76,200 circuit miles of transmission and distribution lines and 673 substations. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida.
What companies are considered energy?
Many sectors could be considered “energy,” but mainly on oil and gas and downstream activities. Renewable energy is becoming a popular topic, but most opportunities here are still with large Canadian energy companies who have exposure to green energy.
- natural gas producers
- renewable energy (hydro, wind, solar)
- Canadian oil stocks
- fossil fuel refinement
- gas production
- fuel retail
- Canadian pipeline stocks
- midstream energy plays
Why Choose Energy Stocks?
Energy stocks are great opportunities for income from dividends; they provide a stable and growing investment. Of the Canadian headquartered companies, energy represents a considerable revenue for the Canadian economy and is growing in demand.
Some reasons to invest in energy stocks in Canada;
- Stable Large Cap
- Growing Demand for Energy
- safety for long-term investors
- positive cash flows
- positive annual growth rate
- low leverage ratio
- consistent revenues
Best Energy Stocks
The Energy Stocks Package is based on the Know-First algorithm and is designed for investors and analysts who need the best-performing stocks in the energy sector with the highest return. If you’re looking for good energy stocks at the start of the new year, here are nine tips from the industry to consider. If you look at the list, you will find that most of the stocks highlighted in this article are shares of Bebe Solar and Energy. As a result, you have a good chance of delivering profits to your investors next year and beyond.
Shares are categorized by the number of companies producing and selling energy from renewable sources such as wind, solar, geothermal, hydropower, biomass and hydropower. These companies generate revenue and are considered clean and renewable energy sources.
These clean energy stocks have been around for some time, and they provide a stable and reliable cash flow for regulated utilities.
Likewise, the pandemic crisis has forced them, if anything, to become leaner, more focused, and better capitalized.
With favourable valuations and news like this, it sounds like a good idea to invest in solar stocks that prioritize cash generation and have a healthy balance sheet. With proper research and due diligence, investors could reap the benefits of investing in the best renewable energy sources. If you’re interested in clean energy companies and want to know what they can deliver, these five stocks are worth keeping an eye on. Follow us on Facebook, Twitter, Instagram and LinkedIn for the latest energy news and analysis.
This renewable energy ETF is similar to the ICLN but focuses on US clean energy companies. To determine the 11 best clean energy stocks we should buy now, we started with a list of more than 1,000 stocks in the US and narrowed the list to 11 based on sentiment among hedge funds. In addition, we have prepared our analysis of the best renewable energy stocks currently on the market.
This could make them the best energy stocks in 2021 when we move into a more favourable environment. One of the reasons it is emerging as one of our top renewable energy stocks right now is its strong balance sheet.
Many on Wall Street consider it one of the most important renewable energy stocks to buy in 2021. However, if you want to add an energy share to your portfolio, make sure you choose the best company possible. So when we look to 2021, it is essential to look at the energy sector stocks that are doing well and those that are not. They are all Canadian mineral resources, but they have a wide range of energy resources, from oil and gas to natural gas, coal and oil sands.
While Kinder Morgan is heavily focused on traditional energy, the company focuses on its pipelines. NOG – 6,88) is an exciting energy source because it owns a piece of oil and natural gas land but is not directly involved in these transactions. Minnesota – based on Northern Oil and Gas (NYSE: NGN) shares in Minnesota, Minnesota. As clean energy sources begin to provide most of the world’s energy, it is only a matter of time before they provide cheap energy like gas, coal, and oil.
If you’re in a hurry and you’re reading this article about the five best clean energy stocks you can buy now, click here and jump to the next section. Check out our list of the best large-cap stocks in the US and go to one of them.
Energy stocks have become a promising investment because there is a wide range of clean energy companies to invest in. Faced with increasing demand for energy, EuropeFX has decided to expand its basket of available shares to include some of the most promising clean energy companies. Chevron’s stock is worth considering, and it is an excellent investment for those interested in renewable energy and energy efficiency in general.
Every dollar invested in clean energy stocks may prove precious in the future. Despite the current political environment, US solar still offers a great investment opportunity for investors looking to enter the clean energy sector. The company also invests in renewable energy projects such as solar panels and wind farms.
The Canadian solar company was never listed on the renewable energy stock list, so I would be willing to bet on it as a small part of my portfolio today. However, as an investor, it is best to dispel the noise and instead look at the TSX – listed renewable energy stocks in Canada. Here are some essential facts for clean energy investors and the US solar industry.
If you are a small-cap trader on the TSX, you have tons of green stocks to choose from, but it would be much better to focus on more established energy stocks like SolarCity, Sunrun and others.