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TSX energy stocks have been on a tear in 2024. The S&P/TSX Capped Energy Index is up 22% in the year. Geopolitical tensions, particularly in the Middle East, have pushed crude oil prices up consistently over US$80 per barrel.
Given the changes in the Canadian energy patch, many top Canadian energy stocks can generate considerable cash flows at prices like that. This should only get better as new pipelines come online and allow access to better market pricing.
If you are looking for energy stocks that could still have some upside, here are three to buy today.
An energy stock with strong production growth
In Canada, ARC Resources (TSX:ARX) is the third-largest natural gas producer and the largest condensate producer. Over the past few years, it has significantly consolidated its operations and focused on its best-producing assets in the Montney.
Right now, it has a plan to…
