How to Buy TXO Energy (TXO) Stock in Canada

TXO Energy has gone public. Here's what we know about the IPO and how to buy TXO Energy stock in Canada.

Finder's top picks on where to buy TXO Energy stock

Go to site

Easy to use app

Easy-to-use platform
Low fees
Student and young investor discounts

Go to site

Low margin rates

Access to international stock exchanges
Low margin rates
Powerful research tools

Go to site

CA & US trading

6% cash rebate plus $2,200 in trading perks
Low transaction fees
Easy-to-use app

Our selection of top picks is based on the same criteria as our annual Stock Trading Platform Awards. This is updated yearly to reflect changes in the market.

"Best for" picks are those we've evaluated to be best for specific product features or categories – you can read our full methodology here. If we show a "Promoted" pick, it's been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.

This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.

What we know about the TXO Energy IPO

On Friday January 27, 2023, US-based oil and natural gas company, TXO Energy (formerly MorningStar Partners), began publicly trading on the NYSE under the ticker symbol "TXO." The opening stock price was $22.00, which was higher than the previously announced price of $20.00.

To learn more about the company's IPO, view its registration filing with the US Security and Exchange Commission (SEC). We'll update this page as more information becomes available.

Note: all dollar amounts on this page are in US dollars unless otherwise stated.

How to buy TXO Energy stock

Before you can invest in TXO Energy, you'll need to open a brokerage account.

Compare stock trading platforms. Use our comparison table to help you find a platform that fits your needs.
Open your brokerage account. Complete an application with your details.
Confirm your payment details. Fund your account.
Research the stock. Find the stock by name or ticker symbol – TXO – and research it before deciding if it's a good investment for you.
Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

Will I be able to buy TXO Energy stock in Canada?

You won't be able to buy TXO Energy stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.

You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Qtrade, Wealthsimple, Scotia iTRADE and CIBC Investor's Edge.

Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy TXO Energy stock.

See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.

Company summary
Vermilion Energy Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia. The company was founded in 1994 and is headquartered in Calgary, Canada.
Historical performance
Stock information
- Market capitalization: $2114004096
- PEG ratio: 2.4
- Dividend yield: 0.0361%
Get more detailed information and learn how to buy VET.TO stock
Company summary
Suncor Energy Inc. operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in oil sands mining. The Exploration and Production segment is involved in offshore operations in the East Coast of Canada; and marketing and risk management of crude oil and natural gas. The Refining and Marketing segment engages in the refining of crude oil products; and distribution, marketing, transportation, and risk management of refined and petrochemical products, and other purchased products through the retail and wholesale networks. This segment is also involved in the trading of crude oil, refined products, natural gas, and power. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1917 and is headquartered in Calgary, Canada. Suncor Energy Inc.
Historical performance
Stock information
- Market capitalization: $67781496832
- P/E ratio: 9.1701
- PEG ratio: 3.25
- Dividend yield: 0.0408%
Get more detailed information and learn how to buy SU.TO stock
Company summary
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Historical performance
Stock information
- Market capitalization: $74799849472
- P/E ratio: 13.8189
- PEG ratio: 12.75
- Dividend yield: 0.0449%

Buy TXO Energy stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

1 - 6 of 6

Name	Product CAFST	Available Asset Types	Account Types	Stock Trading Fee	Account Fee	Offer
Interactive Brokers Finder Score: 4.2 / 5: ★★★★★ Interactive Brokers Finder Score: 4.2 / 5: ★★★★★		Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures	RRSP, TFSA, Personal, Joint	min $1.00, max 0.5%	$0		Go to site View details Compare	loading Fetching your data...
OFFER CIBC Investor's Edge Finder Score: 3.7 / 5: ★★★★★ CIBC Investor's Edge Finder Score: 3.7 / 5: ★★★★★	OFFER	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint	$6.95	$0 if conditions met, or $100	Get up to $100 in commission-free options until October 31, 2024.	Go to site View details Compare	loading Fetching your data...
CASHBACK Moomoo Financial Canada Finder Score: 3.9 / 5: ★★★★★ Moomoo Financial Canada Finder Score: 3.9 / 5: ★★★★★	CASHBACK	Stocks, Options, ETFs	RRSP, TFSA, Personal	$0.014/stock	$0	Enjoy a 6% cash rebate, plus $2,200 in trading perks.	Go to site View details Compare	loading Fetching your data...
RBC Direct Investing Finder Score: 3.8 / 5: ★★★★★ RBC Direct Investing Finder Score: 3.8 / 5: ★★★★★		Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	RRSP, RESP, RRIF, TFSA, Personal	$6.95 - $9.95	$0 if conditions met, otherwise $25/quarter		Go to site View details Compare	loading Fetching your data...
Questrade Finder Score: 3.9 / 5: ★★★★★ Questrade Finder Score: 3.9 / 5: ★★★★★		Stocks, Bonds, Options, Mutual Funds, ETFs, Forex, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal	$4.95 - $9.95	$0		Go to site View details Compare	loading Fetching your data...
OFFER Qtrade Direct Investing Finder Score: 3.6 / 5: ★★★★★ Qtrade Direct Investing Finder Score: 3.6 / 5: ★★★★★	OFFER	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	RRSP, RESP, RRIF, TFSA, Personal, Joint	$6.95 - $8.75	$0 if conditions met, otherwise $25/quarter	Get 1% cashback or more, a $100 sign-up bonus & unlimited free trades until December 31, 2024. Use code SUMMERBONUS2024.	Go to site View details Compare	loading Fetching your data...

loading

Tax implications of buying US stocks in Canada

Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.

An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.

Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you've already paid to the IRS.

Speak with a tax professional to find out what rules and exceptions apply in your circumstances.

Related: Online stock trading

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More on investing

Thank you for your feedback!

More resources on Finder

How do ETFs work? How to buy Brera (BREA) stock in Canada

More guides on Finder

How to buy Yoshitsu Co. stock in Canada
Steps to owning and managing Yoshitsu Co. stocks, with 24-hour and historical pricing before you buy.
How to buy Cerberus Cyber Sentinel stock in Canada
Steps to owning and managing Cerberus Cyber Sentinel stocks, with 24-hour and historical pricing before you buy.
How to buy Fresh Grapes LLC stock in Canada
Steps to owning and managing Fresh Vine Wine, Inc stocks, with 24-hour and historical pricing before you buy.
How to buy Quest Diagnostics Incorporated stock in Canada
Steps to owning and managing DGX with 24-hour and historical pricing before you buy.
How to buy Nuvectis Pharma (NVCT) stock in Canada when it goes public
Everything we know about the Nuvectis Pharma IPO plus information on how to buy in.
How to buy BuzzFeed stock in Canada
Steps to owning and managing BuzzFeed, Inc stocks, with 24-hour and historical pricing before you buy.
Best renewable energy stocks
These are the best renewable energy stocks to buy now in Canada.
Can I buy AeroFarms stock?
A failed SPAC deal pulled the plug on this vertical farming company’s plans to go public. But you can buy stock in other sustainable farming companies.
How to buy Reddit stock in Canada when it goes public
Everything we know about the Reddit IPO plus information on how to buy in.
How to invest in the S&P 500 in Canada
Find out how to invest in the S&P 500 in Canada—one of the world’s most popular stock indices—to diversify your portfolio.

Offer price:	$19.00 - $21.00
Stock symbol:	TXO
Estimated size:	$100 million
Status:	Stock now available

How to buy TXO Energy (TXO) stock in Canada

Here's everything we know so far about the TXO Energy IPO.

What we know so far