3 Stocks to Buy and Hold for 2026 and Beyond

Three TSX stocks are buy-and-hold candidates for 2026 and beyond for dividend sustainability and pricing power.

Key Points
  • TSX volatility rose in 2026 (down 1.25% YTD after a March record close) while the energy sector is surging, up ~37.5% YTD.
  • Momentum leaders include Total Energy Services (TOT, +48% YTD) for compression/process equipment demand, Headwater Exploration (HWX, +36.5% YTD) with a debt-free, cash-generating asset base, and Trican Well Service (TCW, +24.7% YTD) as a top pressure‑pumping provider.
  • All three are buy‑and‑hold candidates offering dividend stability (TOT 2.18%, HWX 3.44%, TCW 2.93%) and defensive exposure to energy amid geopolitical uncertainty.

The TSX is experiencing greater volatility in 2026 than in 2025 amid tariff-driven headwinds. After posting an all-time high record close of 34,541.30 on March 2, Canada’s main stock index lost steam, breaking the momentum carried over from a banner year. A military conflict heightens market unpredictability more than trade disputes.

While the broad market is down 1.25% year-to-date (YTD) after a long stretch in positive territory, select stocks continue to outperform amid the war anxiety. Total Energy Services (TSX: TOT), Headwater Exploration (TSX: HWX), and Trican Well Service (TSX: TCW) are sending powerful buy signals with their market-beating returns.

3 colorful arrows racing straight up on a black background.

Source: Getty Images

Momentum leader

Energy (+37.5% year to date, or YTD) is the top-performing sector thus far in 2026, while Total Energy Services (+48% YTD) is the momentum leader. This 803.5 million energy services company, through its business units, provide equipment and various services to the domestic and international marketplace. The continued high demand for compression and process equipment in North America is a growth driver.

Management maintains a favourable business following record results last year and a strong financial position entering 2026. The positive working capital at year-end was $108 million of positive working capital. Also, for the first time since a major acquisition in 2017, cash exceeded bank debt ($49.6 million versus $4.6 million).

The full-year 2025 results are reflected in the stock’s performance. Revenue and net income increased 17% and 22% to $1.1 billion and $74.3 million compared with 2024. Total Energy intends to finance its Board-approved 2026 capital budget of $87.4 million with cash on hand and cash flow.  

TOT trades at $22.05 per share and pays a 2.18% dividend. The quarterly payouts have been consistent since Q1 2010.

Sustainable asset base

Like Total Energy Services, Headwater Exploration is a stable energy play in 2026. At $12.79 per share, the mid-cap stock is up 36.5% YTD. If you invest today, HWX pays an attractive 3.44% dividend. The $3 billion company is debt-free and boasts a sustainable asset base with growing free cash flow (FCF), even at flat oil prices or when West Texas Intermediate oil prices fluctuate.

In 2025, the average production reached a record 22,776 barrels of oil equivalent per day (boe/d), an 12% year-over-year increase. Net income, however, declined 19% to $153.2 million versus 2024. Still, Headwater commits to maximizing shareholder returns by balancing growth and organic expansion.

Critical services

Trican Well Service is worthy of consideration for its critical role in Western Canada’s oil and gas service industry. The $1.55 billion provider of well-servicing equipment and solutions is also the country’s largest pressure pumping service company.

In Q4 2025, Trican’s revenue rose 17% year over year to $322.7 million, notwithstanding the challenging oil pricing environment in the back half of 2025. For the full year, net income increased 2% to $112.2 million. Performance-wise, TCW feels no price pressure. At $7.35 per share, current investors enjoy a +24.7% market-beating return on top of the 2.93% dividend.

Buy-and-hold candidates

Total Energy Services, Headwater Exploration, and Trican Well Service have so far shown resilience against geopolitical shocks in 2026. All three stand out as buy-and-hold candidates for dividend stability and defensive pricing power.

Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Total Energy Services. The Motley Fool has a disclosure policy.

More on Energy Stocks

Trans Alaska Pipeline with Autumn Colors
Energy Stocks

Here’s the 5.9% Dividend Stock I Can’t Get Enough Of

With this Canadian dividend stock yielding 5.9% again after a recent pullback, here’s why it could be one of the…

Read more »

Canadian energy stocks are rising with oil prices
Energy Stocks

1 Dividend Stock That’s Beaten the Big Banks for Income Investors

This Canadian stock offers a 26-year dividend-growth streak with record production, strong cash flow, and meaningful long-term growth potential.

Read more »

Senior uses a laptop computer
Energy Stocks

Taking CPP at 70 Isn’t Automatically Smarter: Here’s the Number I’d Check First

Delaying CPP until 70 produces a much larger payment, but retirees give up five full years of income.

Read more »

some investments are riskier than others
Energy Stocks

3 High-Yield Dividend Stocks Worth the Risk Right Now

These three high-yield dividend stocks offer income and different risk profiles across pipelines, banking, and Canadian real estate.

Read more »

dreaming of financial success
Energy Stocks

Government Bonds Are Paying More: I’d Still Buy This Canadian Dividend Stock for the Next 10 Years

Government bonds now offer competitive income, but a growing dividend can become more valuable over a long investing horizon.

Read more »

golden sunset in crude oil refinery with pipeline system
Energy Stocks

TC Energy Is Selling its Mexican Pipeline for $560 Million: What Investors Need to Know

TC Energy keeps its broader Mexican network, trades about 17% below analyst targets, and yields roughly 4.2%. Notably, the stock…

Read more »

senior couple looks at investing statements
Energy Stocks

Your GIC Just Matured: Should You Lock the Money Up Again?

Lower GIC rates make maturity a useful moment to reconsider how much money really needs a guaranteed return.

Read more »

you're never too young or old to start investing in stocks
Energy Stocks

Can You Help Your Kids Without Falling Behind on Retirement?

Parents can help fund their children’s future without sacrificing the retirement savings they’ll eventually need themselves.

Read more »