The TSX 30 is an annual list of the top-performing stocks on the TSX over a three-year period, based on dividend-adjusted share price performance.
"This is definitely a breakthrough year for Canada's energy sector. It signals the global importance of the energy sector and the strong fundamentals we're seeing from Canadian energy companies." When the TSX 30 program started in 2019 – and then again in 2020 and 2021 – oil and gas companies were virtually non-existent among the inductees. Before the COVID-19 pandemic, share prices within the sector had been hammered by nearly a decade of low oil prices, lack of industry market access, and an uncertain investment environment driven by regulatory uncertainty and the arrival of ESG investing philosophies.
"What we've said is after we hit zero debt, we`re going to pay a minimum of 80 cents per share annually in 2023," said Chris Carlsen, Birchcliff's president and chief operating officer, in an interview.Birchcliff's share price was up 262 per cent from three years ago, and all of the oil and gas companies on the this year's TSX 30 list saw triple-digit share price appreciation in the same period.
"Stock prices are very mis-priced right now compared to this strong commodity price environment we find ourselves in."
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