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. This year's ranking is heavily dominated by the oil and gas sector, which make up 50 per cent of the list. In th

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.

Calgary-based NuVista Energy Ltd., another oil and gas exploration and production company, came in second with a share price appreciation of 1,279 per cent. "Through it all, these companies have maintained strong fundamentals and are supported by robust commodity prices." Montreal-based Aya Gold & Silver Inc., for example, is planning to quadruple its silver production from its Moroccan mining assets to meet growing global demand for solar panels, for which silver is a key component.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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