Investors drawn to oil and gas, energy transition, TSX top 30 list shows

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CALGARY — Both traditional oil and gas stocks as well as Canada's mining and metals sector have benefited from a recent surge of investor interest in energy, new data from the Toronto Stock Exchange shows.

The 2023 TSX 30 list, released by the exchange on Tuesday, is a ranking of the 30 top-performing stocks over a three-year period, based on dividend-adjusted share price performance.

Canada's oil and gas sector enjoyed a resurgence in 2022, as Russia's invasion of Ukraine sent commodity prices spiking and refocused investor attention on the sector. But the 2023 TSX 30 list also shows how investment capital is increasingly interested in the coming energy transition and alternative, non-fossil fuel forms of energy.

The company placed 14th on this year's TSX 30 list due to its 498 per cent three-year share price appreciation.

 

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