Natural gas is the future of fossil fuels, and Peyto is in a prime position to grow with the industry. That’s why it’s one of the most attractive Canadian energy stocks to buy today. Already the stock is up 72% year-to-date, showing just how explosive the Canadian energy stock can be.What makes up the energy sector in Canada?
Over 50% of the index is concentrated in the 3 primary sectors driving the Canadian economy. If you invest in Canada, it’s important you understand the energy sector and what the company’s business is. Some of the industries are dependent on others. See the industry breakdown below followed by the top Canadian energy stocks.What kind of stocks are in the energy sector?
The energy sector is a category of stocks that relate to producing or supplying energy, i.e., oil and gas drilling and refining or power utility companies. more Exploration & Production (E&P)Are there any good energy stocks for 2020?
The early 2020 oil price war and the COVID-19 pandemic drove oil prices to record lows in April 2020 and sharply pushed down energy stocks, as represented by the Energy Select Sector SPDR ETF ( XLE ). XLE has risen from its bottom last year, and is now slightly outperforming the broader market.