What makes Extendicare one of Canada’s top penny stocks is the company’s dirt-cheap valuation. Returns since inception, October 2013. The firm engages in the acquisition, development and production of crude oil and natural gas in the Western Canadian … A $5,000 investment in a stock trading for $100 per share gets you a mere 50 shares. But if you get it right, you’re looking at massive returns. Best to pay attention, as there are some strong companies in this industry. I won’t try to downplay it. An active dividend and growth investor, Dan has been involved with the website since its inception. Natural Gas Liquids (NGLs), Condensate and Oil account for the remainder of volumes. In fact, the company re-iterated dividend growth guidance of 8-10% annually through 2021. Some key points about Canadian E&P companies. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. Considering the company has only missed expectations once in the past three years, Enbridge is also one of the most reliable energy stocks on the Index in terms of execution. Through 2023 it expects to spend $37 billion on critical infrastructure across North America. Click on the link below for our stock recommendations that we believe could battle Netflix for entertainment dominance. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. 10 Canadian Stocks Going Ex-Dividend 10 Oversold Canadian Stocks 10 Canadian Stocks Where Yields Got More Juicy 10 Must-Know High-Yield Canadian Real Estate Stocks 10 Top DividendRank'ed Canadian Financials 10 Must-Know High-Yield Canadian Energy Stocks 10 Canadian Stocks Crossing Below Book Value 10 Canadian Stocks … 10 cheap moat-y Canadian stocks ... Ruth Saldanha 10 March, 2020 | 1:42AM. Up 8.08% year to date, it has crushed its peers and the S&P/TSX Energy Index. All rights reserved. We’re talking returns of 200%, 300%, or even as high as 500%. With great upside potential comes significant risk. And as these once popular Canadian stocks continue to fall, dividend yields are becoming higher and valuations are getting cheaper. It pays an attractive 5.43% yield which is underpinned by strong cash flows. ... let’s take a look at cheap stocks … As investors wait for the rebound, they can also enjoy a safe and reasonable 3.30% yield from this Canadian Dividend Aristocrat which has raised the dividend for seven consecutive years. Parkland has been one of the best growth stocks in the Energy sector. The good news? Although we are expected to hit peak demand by 2030 according to some experts as the transition to renewable energy companies continues, we will still be producing the commodity for the foreseeable future. In fact, it is trading below even the lowest street target of $43.00 per share. It is however, still faced with low natural gas prices. What does this mean exactly? It has grown revenue and earnings by an annual average of 20% and 50% respectively over the past five years. All are dealing with their fair share of hurdles, but under the right conditions, shares could more than double in 2020. Can Shopify (TSE:SHOP) Keep up It’s Torrent Growth Rate? We understand – it is very difficult to invest in oil producers. Penny stocks often get a bad rap. Next up on this list of top penny stocks is Cenovus (TSX:CVE)(NYSE:CVE) — one of Canada’s largest oil producers. The dividends get cut, and the stock prices crater. One of the industry’s best is TC Energy (TSE:TRP). Ultimately, however, there’s only one thing that will elevate Cenovus away from the world of penny stocks. Cenovus has 42 years of proven reserves left, and that number could increase as new technology improves results. Forward Price/Earnings multiples poor year 5 mark Condensate and oil account for the year,! 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