Energy Stocks News

Energy Stocks

What are energy stocks?

Energy stocks represent partial ownership in companies that supply electricity and fuel for the global economy. The energy sector in Canada is vast, comprising a large portion of the TSX. Energy stocks include:

Liquefied natural gas companies
Natural gas companies
Oil companies

(Renewable energy stocks are part of the TSX’s utilities sector.)

How can you pick energy stocks?

1. Look for companies with a promising future

It’s no surprise that the energy sector is under intense scrutiny. With climate change at the front of many people’s minds (from governments to investors), energy companies, old and new, are constantly adapting to a new world. Many people want cleaner energy. And it’s the energy sector’s challenge to make clean energy available — and profitable, too.

For that reason, investors will do well to look for innovative companies that are actively solving contemporary energy problems. Though we’re not suggesting investors ignore bigger companies in oil or natural gas, we are suggesting you keep an eye on the future as you’re picking your energy stocks.

Given the direction the world is going, ask yourself: who will be around in 20, 30, or even 40 years? That’s one of the biggest questions you can answer as an energy stock investor.

2. Analyze an energy company’s financial standing

The future of an energy company depends in part on how it’s handling its finances now. Given that prices within the energy sector are extremely volatile — just look at how the price of gas fluctuates — you want to be sure an energy company has the financial strength to withstand a recession. Some factors you may want to analyze include:

Strong balance sheet: the company should have lots of liquid cash on hand, as well as a capacity to borrow (if needed). It should also have low amounts of debt and a high investment grade.
Low production costs: the company shouldn’t be spending the majority of its revenue on producing energy. The company should have a stable revenue with minimal exposure to price fluctuations.
Conservative dividend payout ratio: though everyone likes to make money on dividends, if a company dishes too much out, it could end up cutting or reducing its dividend program during hard times.

3. Check here for our writer’s picks

Our writers are constantly analyzing the energy sector, as they look for Canadian energy stocks that are growing, as well as those that are under- or over- valued. Keep checking back here to see which stocks they recommend — and which they don’t.

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In addition, you should read up on our Renewable Energy Stocks list.

Check back here for the most up to date information about energy stocks.

Recent Energy Stocks News

Energy Stocks

1 TSX Energy Stock to Watch as Crude Oil Rallies

April 3, 2023 | Vineet Kulkarni

One TSX energy stock is rallying as crude oil surges after the output cut.

Suncor Energy Stock Is Getting Interesting Again

April 3, 2023 | Andrew Button

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March 31, 2023 | Andrew Walker

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Here's why Canadian Natural Resources stock is a much better bet compared to Suncor stock in March 2023.

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Could Cenovus Energy Stock Hit $30 This Year?

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Why Tourmaline Oil Stock Just Fell to 52-week Lows?

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March 20, 2023 | Brian Paradza, CFA

You can buy Suncor Energy stock, and this gold stock at cheap valuations today

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March 20, 2023 | Aditya Raghunath

Canadians looking to invest in renewable energy stocks can consider buying shares of Brookfield Renewable Partners and NextEra Energy.

A solar cell panel generates power in a country mountain landscape.

Energy Stocks

Is Algonquin Power & Utilities a Buy After Its Fourth-Quarter Earnings?

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Given its improving financials, healthy outlook, and attractive valuation, I am bullish on Algonquin Power & Utilities.

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Enbridge – The 7% Yield Returns!

March 20, 2023 | Andrew Button

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A worker overlooks an oil refinery plant.

Energy Stocks

Does a Dividend Yield of 4.5% Make Suncor Stock a Buy in 2023?

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Why Tourmaline Oil Stock Just Fell to 52-week Lows?

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For a Shot at $6,790/Year in Passive Income, Buy 1,908 Shares of This Stock

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