Oil and gas prices had a strong year in 2022 as demand for the energy fuels rebounded and Russia’s invasion of Ukraine impacted the markets. That strength seems to have abated in 2023, but oil and gas stocks are rising above the volatility.
Despite policy changes by governments looking to transition to cleaner energy sources, oil and gas are expected to continue to play an important role in the world’s energy mix far into the future. Geopolitical uncertainty is seen weighing on oil and gas prices in 2023, but analysts anticipate healthy demand levels for both of the commodities around the corner.
The five top oil and gas stocks on the TSX and TSXV outlined below have displayed significant growth in 2023 so far, even with lower oil and gas prices. All year-to-date performance and share price data was obtained on July 18, 2023, using TradingView’s stock screener, and the top oil and gas stocks listed had market caps above C$10…
