2 TSX Energy Stocks to Buy for Passive Income

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Written by Adam Othman at The Motley Fool Canada

The capped energy index in Canada rose by about 330% in 20 months, spread out over November 2020 and June 2022. This was the most glorious bull-market phase the sector saw in decades, and after a brief correction period, it has remained moderately bullish till now.

As a result, most investors flocking to the energy sector are doing so because of the growth potential its constituents offer, while dividends have taken second place.

However, that doesn’t mean that the dividend potential of the sector has weakened in any way. There are still plenty of great dividend picks in the TSX energy sector, and two should be on your radar now.

An energy producer

Canadian Natural Resources (TSX:CNQ) is one of the region’s largest oil and gas producers, with an impressive portfolio of energy assets around the globe. Its energy reserves are massive, and it is currently the…

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