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Top 5 Energy Stocks To Watch in 2021

Melisa R. H. Posted On January 6, 2021
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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:

1.-MEG Energy Corp (MEG-T)

MEG Energy Corp (MEG-T) — Stockchase
MEG Energy Corp (MEG-T) — Stockchase

Direct play on all time high heavy oil prices. Company committed to returning capital back to shareholders (recently bought 3.5 million shares back). Have pledged to return 100% free cash flow yield back to shareholders once debt paid back. Long reserve life with high cash flow yields, will lead to massive share price appreciation (85%…

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2.-Tourmaline Oil Corp (TOU-T) 
Tourmaline Oil Corp (TOU-T) — Stockchase
Tourmaline Oil Corp (TOU-T) — Stockchase

(A Top Pick Mar 15/22, Up 42.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TOU triggered its stop at $69.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 58%, when combined with previous buy recommendations.

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3.-Enbridge (ENB-T)
Enbridge (ENB-T) — Stockchase
Enbridge (ENB-T) — Stockchase

Sold it, because he wanted to buy oil companies like Whitecap. A great company and dividend yield, which will grow slowly over time. Energy prices will up for 2-3 years. You can hold this only for its dividend.

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4.-Canadian Natural Rsrcs (CNQ-T)
Canadian Natural Rsrcs (CNQ-T) — Stockchase
Canadian Natural Rsrcs (CNQ-T) — Stockchase

(A Top Pick Aug 30/21, Up 69%) Very well managed, offering broad exposure to Canadian oil. Energy has been under-invested since 2015. Earnings should be $11 EPS. This stock can be well over $100. They paid down their debt, so they could buyback shares. Will raise their dividends. This will continue to do well if…

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5.-Suncor Energy Inc (SU-T)
Suncor Energy Inc (SU-T) — Stockchase
Suncor Energy Inc (SU-T) — Stockchase

John: Shareholder activism has come to SU, and this should help the valuation. Likes oil more than nat gas, as oil is in a structural shortage. Oil players are extremely cheap, with 30% cashflow yields, 2x operating cashflow. Perhaps not a hold for the next 5-10 years, but a good rental.

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