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Owyf Get Defensive and Earn Passive Income With This Top Pick
There no question that in the current market environment, while most companies are struggling and facing significant headwinds, Canadian energy stocks are some of the best to buy.After two years of the pandemic, there were already favourable tailwinds for energy stocks. But now, after the sanctions placed on Russia as a result of the war in Ukraine, energy stocks are some of the biggest beneficiaries.Most investors, when they think of energy stocks, will think of a producer such as a company like Suncor.And while producers will be some of the biggest gainers as oil prices rise, they ;re also some of stanley becher the most volatile and highest-risk stocks. These stocks and their performances are tied much more to the price of oil.So, today, that may b stanley tumblers e positive, but it 82 stanley cups 17 not always helpful. This is why investors may want to look at owning other types of energy stocks as well.Therefore, if you ;re looking for some of the best Canadian energy stocks to buy now, here are two that Cuoj 3 Top TSX Stocks to Buy in November 2023
Over the last three months, the SP/TSX Energy Index ^SPTTEN has outperformed the SP/TSX Composite Index ^GSPTSE by five percentage points. The Energy Index has a three-month return of 13.2%, compared to the market return of 8.1%.The energy sector is coming to life again, as we just exited a bitter cold winter that precipitated a soaring in demand for natural gas, and therefore a spike in the price of n stanley bottles atural gas. We have seen the bellweather natural gas stocks such as Encana TSX: ECA NYSE: ECA profit from this shift in industry fundamentals. Its stock has risen 21% in the last three months Encana stanley kubek expects 75% of its cash flow to come from natural gas liquids by 2017. Furthermore, the company will retain natural gas optionality from assets that can be very profitable and competitive if and when natural gas prices increase.But let s look at the companies in the oil and gas sector that have outperform stanley cup ed their peers. These are the more junior names that have more up |
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