Oil stocks in Canada

Six popular Canadian oil and gas stocks to watch in December 2024.

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Mackenzie Domazet

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Canada is home to a number of oil and gas companies. Here is Finder’s list of popular Canadian oil stocks to buy right now based on performance, price, profit, revenue and dividends.

What you should know before buying oil stocks

This list of popular Canadian oil and gas stocks is meant to help you conduct your own research in finding the best oil stocks to buy right now. It is not investment advice. No single oil stock or list of stocks will suit all investors, and we all have different goals and needs. Always remember that past performance does not guarantee future results.

Best for Beginners

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Best for Lowest Commissions

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Low margin rates
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Popular Canadian oil and gas stocks to watch in 2024

1: Baytex Energy Corp

2: NuVista Energy Ltd.

3: Tourmaline Oil Corp.

4: Birchcliff Energy Ltd.

5: Cardinal Energy Ltd

6: Canadian Natural Resources Ltd

Baytex Energy Corp (BTE.TO)

Baytex Energy Corp., an energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas.
  • Market cap: C$2.74 billion
  • YTD performance: 404.35%
  • 1 Year performance: 10.13%
  • 5 Year performance: 1100%
  • P/E Ratio: N/A
  • Headquarters: Canada

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NuVista Energy Ltd. (NVA.TO)

NuVista Energy Ltd., together with its subsidiary, engages in the exploration, development, and production of oil and natural gas reserves in the Western Canadian Sedimentary Basin. The company is involved in the development, delineation, and production of condensate, natural gas liquids, and natural gas reserves.
  • Market cap: C$2.699 billion
  • YTD performance: 1300.01%
  • 1 Year performance: 36.52%
  • 5 Year performance: 4774.08%
  • P/E Ratio: 9.3857
  • Headquarters: Canada

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Tourmaline Oil Corp. (TOU.TO)

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin.
  • Market cap: C$23.625 billion
  • YTD performance: 263.9%
  • 1 Year performance: 17.42%
  • 5 Year performance: 789.36%
  • P/E Ratio: 14.3544
  • Headquarters: Canada

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Birchcliff Energy Ltd. (BIR.TO)

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.
  • Market cap: C$1.358 billion
  • YTD performance: 179.33%
  • 1 Year performance: 9.65%
  • 5 Year performance: 681.25%
  • P/E Ratio: 83.8333
  • Headquarters: Canada

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Cardinal Energy Ltd (CJ.TO)

Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan.
  • Market cap: C$1.007 billion
  • YTD performance: 662.66%
  • 1 Year performance: 5.15%
  • 5 Year performance: 1708.58%
  • P/E Ratio: 9.875
  • Headquarters: Canada

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Canadian Natural Resources Ltd (CNQ.TO)

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).
  • Market cap: C$91.858 billion
  • YTD performance: 37.79%
  • 1 Year performance: 2.7%
  • 5 Year performance: 270.56%
  • P/E Ratio: 12.3494
  • Headquarters: Canada

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Biggest oil companies you can buy stocks in

If your strategy is big oil, here are the biggest oil companies around the world:

How to invest in oil in Canada

Buy Canadian oil and gas stocks through an online broker

To invest in any of these oil and gas stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.

1 - 6 of 6
Product CAFST Finder Score Available Asset Types Account Types Stock Trading Fee Account Fee Offer
Interactive Brokers
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9.2 Excellent
Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures
RRSP, TFSA, Personal, Joint
min $1.00, max 0.5%
$0
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CIBC Investor's Edge
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Finder Score
8.7 Great
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 100 free trades when you open a CIBC Investor’s Edge account using promo code EDGE2425. Plus, get $200 or more cash back. Valid until March 31, 2025.
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Moomoo Financial Canada
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Finder Score
8.9 Great
Stocks, Options, ETFs
RRSP, TFSA, Personal
$0.014/stock
$0
Enjoy a 6% cash rebate, plus $2,200 in trading perks.
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RBC Direct Investing
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Finder Score
8.5 Great
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, Business
$6.95 - $9.95
$0 if conditions met, otherwise $25/quarter
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Questrade
Questrade logo
Finder Score
8.9 Great
Stocks, Bonds, Options, Mutual Funds, ETFs, Forex, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal
$4.95 - $9.95
$0
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Qtrade Direct Investing
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Finder Score
8.6 Great
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 $150 sign-up bonus & unlimited free trades until April 30th, 2025.
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Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.

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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.

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Publisher

Mackenzie Domazet is a Senior SEO Strategist at Forbes Advisor and former investments publisher at Finder. She has worked at one of Canada’s largest financial institutions, as well as one of the country's fastest growing fintech companies. She also films videos for the Investment Finder YouTube channel, where she explains financial concepts, reviews trading platforms and more. An active growth investor, Mackenzie has been investing on her own since she was 18. She has a bachelor’s degree in business and is an avid runner and reader. See full bio

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