May 1, 2024
Fuel Your Portfolio: The Hottest 5 Oil and Gas Stocks to Watch on the TSX and TSXV in 2024
**1. Suncor Energy Inc. (TSX: SU)**
Suncor Energy Inc. is a leading integrated energy company operating in the oil sands segment as well as in conventional oil and gas production. The company has a diversified asset base that includes oil sands, offshore production, and refining operations. Suncor's strong performance is driven by its focus on operational excellence and cost management, making it a top choice for investors seeking exposure to the oil and gas sector.
**2. Canadian Natural Resources Limited (TSX: CNQ)**
Canadian Natural Resources Limited is a diversified energy company engaged in the exploration, development, and production of crude oil and natural gas. The company has a strong portfolio of assets that include high-quality oil sands projects, conventional oil and gas fields, and offshore developments. With a solid track record of disciplined capital allocation and strong operational performance, Canadian Natural Resources is well-positioned to deliver sustainable growth and value for its shareholders.
**3. Cenovus Energy Inc. (TSX: CVE)**
Cenovus Energy Inc. is a well-established oil and gas company with a focus on developing oil sands projects and conventional oil and gas assets. The company has a robust production profile and a strong balance sheet, which provides it with a solid foundation for future growth. Cenovus Energy's strategic initiatives to optimize its asset portfolio and reduce costs make it an attractive investment opportunity in the oil and gas sector.
**4. Tourmaline Oil Corp. (TSX: TOU)**
Tourmaline Oil Corp. is a top-tier Canadian natural gas producer with a focus on developing unconventional natural gas plays. The company has a proven track record of delivering strong operational performance and value creation for its shareholders. With a significant reserve base and a low-cost production profile, Tourmaline Oil Corp. is well-positioned to capitalize on the increasing demand for clean-burning natural gas both domestically and internationally.
**5. Peyto Exploration & Development Corp. (TSX: PEY)**
Peyto Exploration & Development Corp. is a Calgary-based energy company focused on the exploration, development, and production of unconventional natural gas in Alberta. The company has a high-quality asset base and a strong track record of operational excellence, which underpins its competitive advantage in the natural gas sector. Peyto Exploration & Development Corp.'s disciplined approach to capital allocation and cost management make it a compelling investment opportunity for investors seeking exposure to the oil and gas industry.