The High 7 Canadian Oil Shares, Ranked In Order

Revealed on May twenty eighth, 2025 by Bob Ciura

Canadian oil shares have confirmed over the earlier decade that they’ll navigate downturns in commodity prices.

Canadian oil shares moreover are more likely to pay bigger dividends than many U.S.-based oil shares, making them most likely additional fascinating for earnings consumers.

Valuations have moreover remained pretty low simply these days, boosting their respective complete return profiles consequently.

On this text, we’ll try 7 principal Canadian oil shares:

1. Canadian Pure Belongings (CNQ)
2. Suncor Energy (SU)
3. Enbridge, Inc. (ENB)
4. Whitecap Belongings (SPGYF)
5. Paramount Belongings (PRMRF)
6. Tamarack Valley Energy (TNEYF)
7. Freehold Royalties Ltd. (FRHLF)

On this text, we’ll rank them in order of highest anticipated annual returns over the next 5 years.

Discover: Canada imposes a 15% dividend withholding tax on U.S. consumers. In a number of situations, investing in Canadian shares by way of a U.S. retirement account waives the dividend withholding tax from Canada, nonetheless take a look at alongside together with your tax preparer or accountant for additional on this topic.

These excessive 7 Large Oil shares in Canada are shareholder-friendly firms, with engaging dividend payouts. With this in ideas, we created a full guidelines of virtually 80 vitality shares.

You presumably can get hold of a free copy of the vitality shares guidelines by clicking on the hyperlink below:

Further information could possibly be found inside the Optimistic Analysis Evaluation Database, which ranks shares based totally on their dividend yield, earnings-per-share progress potential, and changes inside the valuation a variety of.

The shares are listed in order below, with #1 being most likely essentially the most engaging for consumers proper this second.

Study on to see which Canadian oil stock is ranked highest in our Optimistic Analysis Evaluation Database.

Desk Of Contents

You must use the subsequent desk of contents to right away soar to a selected stock:

The best 7 Canadian oil shares are ranked based totally on complete anticipated returns over the next 5 years, from lowest to highest.

Canadian Oil Stock #7: Tamarack Valley Energy (TNEYF)

• 5-year anticipated returns: -2.5%

Tamarack Valley Energy Ltd. is a Canadian vitality agency. Shares are dual-listed in Canada beneath the ticker “TVE” and the U.S. with the over-the-counter ticker “TNEYF”.

The company’s base reporting overseas cash is Canadian {{Dollars}}, nonetheless this report will use U.S. Buck figures in addition to when in every other case well-known. Tamarack Valley Energy has prolonged operated oil and gas belongings primarily inside the province of Alberta.

On May seventh, Tamarack Valley Energy reported its Q1 2025 outcomes. Earnings per share of 9 cents have been a giant enchancment from the 5 cent loss reported for the same interval of 2024. The rise was on account of every greater manufacturing volumes and higher realized vitality prices.

The company reported 67,697 complete barrels of vitality a day in manufacturing for Q1, up 9% year-over-year. Within the meantime, the company realized significantly bigger prices on crude oil, along with $92 CAD ($67) per barrel for its light oil manufacturing.

However, oil has dropped sharply in newest weeks and is now below $60/barrel, and Albertan oil sometimes trades at a discount to that benchmark, suggesting substantial draw again to earnings for the rest of the 12 months as as compared with Q1.

Click on on proper right here to acquire our latest Optimistic Analysis report on TNEYF (preview of net web page 1 of three confirmed below):

Canadian Oil Stock #6: Paramount Belongings (PRMRF)

• 5-year anticipated returns: -2.4%

Paramount Belongings is a Canadian vitality agency. Paramount Belongings has a protracted historic previous. The company was primarily based in 1976 and has been publicly-traded since 1978.

Paramount Belongings now owns a a lot smaller oil and gas manufacturing base centered on the Kaybob space of Alberta along with the Willesden Inexperienced Duvernay house moreover positioned in Alberta.

The company launched its Q1 2025 outcomes on May thirteenth, 2025. EPS of C$8.74 skyrocketed from C$0.46 inside the prior 12 months nonetheless outcomes normally aren’t comparable. The overwhelming majority of that income was from optimistic components on newest asset product sales along with receiving insurance coverage protection claims tied to wildfire damage.

As a result of the agency simply these days supplied off practically all of its manufacturing base, forward earnings will be far lower. Definitely, cash circulation from operations slipped from C$1.52 to C$1.01 per share year-over-year.

Analysts are forecasting merely 12 cents of earnings for Q2, which provides a much more true reflection of the company’s earnings vitality post-asset sale.

Click on on proper right here to acquire our latest Optimistic Analysis report on PRMRF (preview of net web page 1 of three confirmed below):

Canadian Oil Stock #5: Whitecap Belongings (SPGYF)

• 5-year anticipated returns: 3.9%

Whitecap Belongings is a Canadian vitality agency engaged inside the acquisition, enchancment, and manufacturing of oil and pure gas all through Western Canada. Whitecap operates by way of 4 core areas: Northern Alberta & British Columbia, Central Alberta, Jap Saskatchewan, and Western Saskatchewan.

It markets its manufacturing domestically and into the U.S., with publicity to benchmark pricing by way of various product sales channels. It pays dividends on a month-to-month basis. It critiques its financials in CAD. All figures on this report have been reworked to USD besides in every other case well-known.

On April twenty third, 2025, Whitecap Belongings reported its first-quarter outcomes for the interval ending March thirty first, 2025. For the quarter, earnings was about $678 million, an increase from $625 million in Q1 2024. Web earnings after royalties obtained right here in at $564 million.

The change was influenced by modest commodity worth dynamics and realized optimistic components of $9.86 million on commodity contracts, although unrealized losses weren’t detailed inside the quarterly launch. Working earnings sooner than taxes was about $397 million, up from $347 million remaining 12 months.

Click on on proper right here to acquire our latest Optimistic Analysis report on SPGYF (preview of net web page 1 of three confirmed below):

Canadian Oil Stock #4: Canadian Pure Belongings (CNQ)

• 5-year anticipated returns: 5.5%

Canadian Pure Belongings is an vitality agency that operates inside the acquisition, exploration, enchancment, manufacturing, promoting and advertising and marketing, and sale of crude oil, pure gas liquids (NGLs), and pure gas.

It’s headquartered in Calgary, Alberta. The entire figures on this report are in U.S. {{dollars}}. Together with shopping for and promoting on the New York Stock Commerce, CNQ stock trades on the Toronto Stock Commerce.

You presumably can get hold of a full guidelines of all TSX 60 shares below:

In early May, Canadian Pure Belongings reported (5/8/25) financial outcomes for the first quarter of fiscal 2025. The company grew its manufacturing 19% over the prior 12 months’s quarter, to a model new all-time extreme. In addition to, the value of pure gas significantly elevated. Due to this, the earnings-per-share of Canadian Pure Belongings surged 70%.

Canadian Pure Belongings has raised its quarterly dividend by 4% this 12 months and thus it has grown its dividend (in CAD) for 26 consecutive years, at a compound annual progress cost of 20%.

That’s an admirable accomplishment for a company that belongs to the extraordinarily cyclical vitality sector. The company reiterated that its dividend is roofed by cash flows as a consequence of its low-cost reserves. Administration expects 12% manufacturing progress this 12 months.

Click on on proper right here to acquire our latest Optimistic Analysis report on CNQ (preview of net web page 1 of three confirmed below):

Canadian Oil Stock #3: Suncor Energy (SU)

• 5-year anticipated annual returns: 6.4%

Suncor Energy is among the many largest built-in vitality producers in Canada. The company is anxious in all the options of the vitality value chain, working in three segments: Exploration & Manufacturing, Refining & Promoting, and Totally different.

Suncor is headquartered in Calgary, Alberta, Canada and is cross listed on every the Toronto Stock Commerce and the New York Stock Commerce. Suncor critiques financial ends in Canadian {{dollars}}. However, the figures listed on this evaluation report are in USD.

In early May, Suncor reported (5/6/25) outcomes for the first quarter of 2025. It posted file first-quarter manufacturing and refining volumes. It grew its manufacturing 2% over remaining 12 months’s quarter and posted refinery utilization of 104%. However, on account of lower prices of oil and gas, adjusted earnings-per-share dipped -7%.

Suncor reiterated its steering for principally flat manufacturing this 12 months and a decrease in refinery utilization from 100% to 93%-97% on account of repairs. Given moreover the newest decline in oil prices, we’ve lowered our forecast for earnings-per-share in 2025 from $3.20 to $3.00. .

Click on on proper right here to acquire our latest Optimistic Analysis report on SU (preview of net web page 1 of three confirmed below):

Canadian Oil Stock #2: Enbridge Inc. (ENB)

• 5-year anticipated annual returns: 7.0%

Enbridge is an oil & gas agency that operates the subsequent segments: Liquids Pipelines, Gasoline Distributions, Energy Suppliers, Gasoline Transmission & Midstream, and Inexperienced Vitality & Transmission. Enbridge bought Spectra Energy for $28 billion in 2016 and has develop to be certainly one of many largest midstream firms in North America.

Enbridge was primarily based in 1949 and is headquartered in Calgary, Canada.

Enbridge reported its fourth quarter earnings outcomes on February 14. The company generated revenues of CAD$16.2 billion via the interval, which was up by 36% as compared with the sooner 12 months’s quarter, and which pencils out to US$11.2 billion.

All through fiscal 2024, Enbridge grew its adjusted EBITDA by 13% 12 months over 12 months, to CAD$18.6 billion, up from CAD$16.5 billion via the sooner 12 months’s quarter.

All through fiscal 2024, Enbridge was able to generate distributable cash flows of CAD$12.0 billion, which equates to US$8.3 billion, or US$3.84 on a per-share basis.

Enbridge is forecasting distributable cash flows in quite a lot of CAD$5.50 – CAD$5.90 per share for the current 12 months. Using current change fees, this equates to USD$3.95 on the midpoint of the steering range, which may be up 3% versus 2024.

Click on on proper right here to acquire our latest Optimistic Analysis report on ENB (preview of net web page 1 of three confirmed below):

Canadian Oil Stock #1: Freehold Royalties Ltd. (FRHLF)

• 5-year anticipated annual returns: 9.2%

Freehold Royalties is a Canadian vitality agency. Shares are dual-listed in Canada beneath the ticker “FRU” and the U.S. with the over-the-counter ticker “FRHLF”. The company’s base reporting overseas cash is Canadian {{Dollars}}, nonetheless this report will use U.S. Buck figures in addition to when in every other case well-known.

Freehold Royalties doesn’t private upstream oil manufacturing facilities instantly. Fairly it companions with operators, providing upfront cash in return for a reduce of future oil and gas manufacturing volumes. Freehold at current has about 360 royalty companions and has publicity to better than 7 million gross acres of land all through the U.S. and Canada.

The company’s excessive three manufacturing areas are the Midland and Eagle Ford basins inside the U.S. along with Canadian heavy oil manufacturing inside the province of Alberta.

On May 14th, 2025, Freehold Royalties reported its Q1 2025 outcomes. The company’s top-line revenues elevated correctly, rising to C$91 million from C$74 million within the similar quarter of 2024.

Due to the dilution and elevated curiosity costs, earnings per share of 23 cents per share CAD in Q1 2025 have been unchanged versus the similar interval of ultimate 12 months whatever the soar in revenues.

Click on on proper right here to acquire our latest Optimistic Analysis report on FRHLF (preview of net web page 1 of three confirmed below):

Remaining Concepts

Canadian oil shares don’t get virtually as rather a lot safety as the primary U.S. oil shares. However, earnings and value consumers must be aware of the massive 7 Canadian oil shares.

All 7 Canadian oil shares have reasonably priced valuations, many with dividend yields which may be successfully above the U.S. oil shares.

The following articles embrace shares with very prolonged dividend or firm histories, ripe for selection for dividend progress consumers: