Image source: Getty Images
It has been another rocky year for Canadian energy stocks. Despite the S&P/TSX Capped Energy Index being neutral over the year, it has had several +10% pullbacks and an equal number of rides back up.
The time to buy energy stocks is when they are out of favour
The good news is that you can use the volatility to your advantage. Most often, the best time to buy energy stocks is when they are beaten up and out of favour.
You need to buy against the market to maximize returns when investing in cyclical segments like energy. If you are looking for steady dividend income from this sector, here are three stocks for your radar.
An infrastructure stock with a big yield
Pembina Pipeline (TSX:PPL) gives you the best of both worlds when it comes to energy stocks. The stock yields 6% today. Its dividend income is largely protected by its contracted pipeline and midstream infrastructure revenue. As a result, its…
