Member Login
  1. Category
    2. /
  2. Investing
    3. /
  3. Energy Stocks
    4. /

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. 

[KevelPitch/]

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.

Top Articles

Energy Stocks

2 Top TSX Energy Stocks to Buy in January 2023

| Robin Brown

Here are two top TSX energy stocks that had a great year in 2022 and could be primed for strong…

Read more »

An engineer works at a hydroelectric power station, which creates renewable energy.
Energy Stocks

Why Algonquin Power & Utilities Stock Slid 49.3% Last Year

| Tony Dong, MSc, CETF®

Here's why shares of AQN fell hard last year.

Read more »

Energy Stocks

Is CNQ Stock a Buy in January 2023?

| Andrew Walker

CNQ stock is down from the 2022 high. Is it time to buy?

Read more »

Energy Stocks

Worried About a Recession? 3 TSX Giants to Outpace the Market

| Aditya Raghunath

Recession-resistant TSX stocks such as Fortis and Hydro One are well poised to deliver outsized returns to shareholders in 2023.

Read more »

A worker overlooks an oil refinery plant.
Energy Stocks

The Best Energy Dividend Stock for a Decade of Passive Income

| Aditya Raghunath

Canadian Natural Resources is a top TSX stock that has delivered stellar gains to long-term investors. Let's see why CNQ…

Read more »

oil and gas pipeline
Energy Stocks

Enbridge Is a High-Yielding Canadian Dividend Stock to Buy Now and Own Forever

| Adam Othman

Consider adding Enbridge stock to your portfolio, as it still trades below its all-time highs to capture its high-yielding dividend…

Read more »

Dividend Stocks

3 Growth Stocks You Can Buy Right Now with Less Than $100

| Christopher Liew, CFA

Capital of less than $100 is enough to buy one of these three promising growth stocks that don't belong to…

Read more »

Energy Stocks

2 Energy Stocks You Can Buy Right Now to Play The EV Boom

| Adam Othman

Add these two Canadian renewable energy stocks to capitalize on the growing EV popularity.

Read more »

Recent Energy Stocks News

Warning sign with the text "Trade war" in front of container ship
Energy Stocks

Top Energy Stocks Investments in 2025

| Puja Tayal

Learn how tariffs are affecting energy stock prices. Find out which energy stocks could thrive amidst current market dynamics.

Read more »

delivery truck drives into sunset
Energy Stocks

Ballard Power Systems: Buy, Sell, or Hold in July 2025?

| Amy Legate-Wolfe

Ballard Power could be the future of energy production, but how long are we talking into the future?

Read more »

golden sunset in crude oil refinery with pipeline system
Energy Stocks

1 Pipeline Stock That’s My Ultimate Energy Infrastructure Play

| Robin Brown

Canada needs more options to get its energy to new markets. This TSX dividend stock is in a prime position…

Read more »

Offshore wind turbine farm at sunset
Dividend Stocks

Why Smart Investors Are Putting Money Into This Overlooked Sector

| Amy Legate-Wolfe

Energy can be a great place to earn some cash, especially from this company looking towards the future.

Read more »

senior couple looks at investing statements
Top TSX Stocks

6% Yield! This Dividend Stock Is My Retirement Insurance Policy

| Demetris Afxentiou

Is your portfolio setup to provide a stable and growing source of income? Here's my retirement insurance policy stock to…

Read more »

A close up color image of a small green plant sprouting out of a pile of Canadian dollar coins "loonies."
Energy Stocks

1 Dividend King Down 17% Is My Top Value Pick

| Jitendra Parashar

Canadian Natural stock may be off 17%, but its solid fundamentals and rising dividends make it an attractive buy right…

Read more »

Group of people network together with connected devices
Energy Stocks

Everyone’s Talking About Energy Stocks. Here’s a Smarter Way to Invest

| Puja Tayal

Invest wisely in energy stocks. Discover how Canada's energy sector offers attractive dividends and solid returns amid global shifts.

Read more »

Oil industry worker works in oilfield
Energy Stocks

This Canadian Energy Stock Is Down 31% and Ready to Soar

| Adam Othman

Consider adding this discounted energy stock to your self-directed investment portfolio while it still lags behind the rest of the…

Read more »

Trans Alaska Pipeline with Autumn Colors
Energy Stocks

Pembina Pipeline: Buy, Sell, or Hold in July 2025?

| Kay Ng

Currently, Pembina Pipeline looks like a solid hold or moderate buy for long-term investors.

Read more »

Woman checking her computer and holding coffee cup
Energy Stocks

Should You Buy Cenovus Stock While It’s Below $20?

| Amy Legate-Wolfe

Cenovus stock is under $20, so you need to consider this stock before it starts surging.

Read more »

iceberg hides hidden danger below surface
Dividend Stocks

A 7.4% Dividend Stock Paying Cash Every Single Month

| Adam Othman

The high-yielding monthly dividends for Whitecap Resources (TSX:WCP) look attractive, but are they sustainable? Let’s find out.

Read more »

investor looks at volatility chart
Energy Stocks

1 Empowering Canadian Energy Stock Down 30% to Buy and Hold for Decades

| Amy Legate-Wolfe

This Canadian energy heavyweight is a bargain with rock-solid operations, a dividend hike, and growth projects in motion.

Read more »

Woman checking her computer and holding coffee cup
Energy Stocks

1 Magnificent Canadian Stock Down 26 Percent to Buy and Hold Forever

| Jitendra Parashar

Despite the recent dip, this high-performing Canadian stock could be a winner for decades.

Read more »

dividend stocks are a good way to earn passive income
Energy Stocks

2 TSX Stocks to Own for TFSA Passive Income

| Andrew Walker

These stocks have increased their dividends annually for decades.

Read more »

woman checks off all the boxes
Energy Stocks

3 CRA Red Flags That Could Cost You Your OAS Benefits

| Adam Othman

A solid plan for your retirement can help you protect your Old Age Security (OAS) benefits from the Canada Revenue…

Read more »

An investor uses a tablet
Energy Stocks

5.2% Yield? I’d Consider Buying This Dividend Stock and Holding it for Decades

| Amy Legate-Wolfe

This might be one of the best long-term holds out there for today's investor.

Read more »

engineer at wind farm
Energy Stocks

The Only Stock You Need to Buy and Hold for Retirement

| Demetris Afxentiou

Want an investment to buy and hold for retirement? This stock offers a 6% yield, decades of increases, and a…

Read more »

sources of renewable energy
Energy Stocks

This Renewable Energy Stock Is Down 35% and Ready to Soar

| Karen Thomas, MSc, CFA

Northland Power has three new projects that will provide a boost to cash flows and returns for this renewable energy…

Read more »

man touches brain to show a good idea
Energy Stocks

3 No-Brainer Energy Stocks to Buy Right Now for Less Than $200

| Rajiv Nanjapla

Three energy stocks with a bullish outlook as AI and other growth drivers continue to boost global energy demand.

Read more »

The TFSA is a powerful savings vehicle for Canadians who are saving for retirement.
Energy Stocks

TFSA Passive Income: 2 TSX Stocks for Retirees

| Andrew Walker

These stocks have increased their dividends annually for decades.

Read more »

Dam of hydroelectric power plant in Canadian Rockies
Energy Stocks

With My Money, This is Hands Down the Canadian Utility Stock I’d Buy Again and Again

| Amy Legate-Wolfe

Hydro One is one of the best dividend stocks out there, so let's get into why.

Read more »

top TSX stocks to buy
Energy Stocks

Dividend Investing: 2 Top Energy Stocks Are Taking Off as Oil Prices Recover

| Joey Frenette

Canadian Natural Resources (TSX:CNQ) and another low-cost oil stock that's yield-heavy and worth stashing away for years.

Read more »

golden sunset in crude oil refinery with pipeline system
Energy Stocks

Best Stock to Buy Right Now: Enbridge vs TC Energy?

| Andrew Walker

Enbridge and TC Energy chalked up big gains in the past year. Is one stock still undervalued?

Read more »

Oil industry worker works in oilfield
Energy Stocks

PetroTal: Buy, Sell, or Hold in July 2025?

| Brian Paradza, CFA

That juicy 12% dividend yield from PetroTal stock is enough to make any income investor do a double-take.

Read more »

chart reflected in eyeglass lenses
Energy Stocks

2 TSX Energy Stocks to Buy on Dips

| Andrew Walker

These Canadian energy giants deserve to be on your radar.

Read more »

Oil industry worker works in oilfield
Energy Stocks

A 6.8% Monthly Dividend! This Stock Is My Income Portfolio’s Foundation

| Karen Thomas, MSc, CFA

Peyto Exploration and Development is benefitting from the very bullish natural gas environment making it a top dividend stock.

Read more »

Trans Alaska Pipeline with Autumn Colors
Energy Stocks

The Ultimate Buy-and-Hold Stock for Generational Wealth

| Jitendra Parashar

Here's why Enbridge stands tall as a top buy-and-hold stock for investors focused on building generational wealth.

Read more »

engineer at wind farm
Dividend Stocks

1 Climbing Canadian Stock Down 7% to Buy and Hold Before It’s Too Late

| Amy Legate-Wolfe

This energy stock isn't just a great option right now, but one that will continue to expand in the future.

Read more »

Real estate investment concept with person pointing on growth graph and coin stacking to get profit from property
Energy Stocks

1 Energetic Stock at 52-Week Highs to Buy Now and Hold

| Amy Legate-Wolfe

Not all energy stocks are created equal. Here's why this is a top option.

Read more »

Canadian energy stocks are rising with oil prices
Energy Stocks

1 Energetic Canadian Stock Down 31 Percent to Buy and Hold Now

| Jitendra Parashar

While the TSX soars to new highs, this beaten-down oil and gas stock might just be one of the best…

Read more »

Piggy bank on a flying rocket
Energy Stocks

The 6% Dividend Champion Built for Income Investors

| Demetris Afxentiou

Income investors seeking a great stock that can provide both growth and income over the longer term should strongly consider…

Read more »

Man looks stunned about something
Energy Stocks

3 Red Flags That Could Cost You Thousands in Government Benefits

| Christopher Liew, CFA

Canadian taxpayers could lose thousands of government benefits and forfeit other tax advantages due to non-compliance to the CRA.

Read more »

Woman checking her computer and holding coffee cup
Energy Stocks

Whitecap Resources: Buy, Sell, or Hold in July 2025?

| Kay Ng

Depending on your risk tolerance and the size of your position to your portfolio, Whitecap Resources could be a buy,…

Read more »

oil pump jack under night sky
Energy Stocks

Baytex Energy: Buy, Sell, or Hold in July 2025?

| Andrew Walker

Baytex picked up a new tailwind in recent weeks. Are more gains on the way?

Read more »

Senior uses a laptop computer
Energy Stocks

2 TSX Dividend Stocks to Own Forever

| Adam Othman

Buy and hold shares of these two TSX dividend stocks in your self-directed investment portfolio to boost your passive income.

Read more »

Aerial view of a wind farm
Energy Stocks

I’d Put My Entire $7,000 TFSA Contribution Into This Dividend Stock

| Kay Ng

Northland Power offers a monthly dividend yielding 5.2% and upside potential over the next two years with clear growth catalysts.

Read more »

Nuclear power station cooling tower
Energy Stocks

This Uranium Stock Is Melting Up, and It’s Still a Buy Today

| Joey Frenette

Cameco (TSX:CCO) stock is heating up and it's probably not done rallying just yet!

Read more »

Hourglass and stock price chart
Energy Stocks

Why I’m Putting My Money Where My Mouth Is With This Stock

| Demetris Afxentiou

If I'm putting my money down onto a single stock, it's going to be one that can provide growth, income…

Read more »

The TFSA is a powerful savings vehicle for Canadians who are saving for retirement.
Energy Stocks

My Favourite TFSA Stock for Tax-Free Passive Income

| Rajiv Nanjapla

Given its regulated underlying business, consistent dividend growth, and healthy growth prospects, Enbridge would be an ideal buy to earn…

Read more »

dividend growth for passive income
Energy Stocks

2 Canadian Stocks With Ultra Safe Dividend Yields

| Sneha Nahata

These dividend stocks have never reduced or paused their payouts. Further, they have been consistently increasing their dividends.

Read more »