Top 5 Energy Stocks To Watch in 2021
Energy saw a recovery later in the year as demand outpaced supply. The sector has been hit by negative sentiments towards traditional energy and perceived non-ESG friendliness. The Biden presidency is a headwind in some regards, but existing energy infrastructure will become more valuable. There has been consolidation in the sector. Many companies in the sector offer high yield and stable dividends.
Here are the top 5 energy stocks to watch in 2021:
(A Top Pick Oct 24/22, Up 39%) Will continue to owns shares.Can't find better names.Singular asset (oil).Excellent balance sheet - almost 0 debt.High oil prices good for business.Trading at ~4x cash flow.35 years of reserves. Expecting ~$45-$50 share price.
2.-Tourmaline Oil Corp (TOU-T)
Commodities His favourite is natural gas. Solar is at the mercy of the sun, and suffers on cloudy days. Nat gas you can turn on and off at will. The more solar and wind power, there will be more nat gas demand with nat gas as a back-up. He read a book that says that…
4.-Canadian Natural Rsrcs (CNQ-T)
5.-Suncor Energy Inc (SU-T)
Owns shares (about 5% in portfolio).MEG and Cenovus better options. Good for long term investors (5-10 years).High exposure to oil prices. Expecting 60% upside, or ~$90 share price.