Four energy stocks poised to charge ahead

In a beaten-down sector, select stocks offer strong upside potential.

Vikram Barhat 17 November, 2015 | 6:00PM
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Stakeholders and lobby groups in the U.S. and Canadian energy sectors have made little effort to hide their disappointment at U.S. President Barack Obama's decision to nix the cross-border Keystone XL pipeline project.

While we may not have heard the last of the $7 billion venture, the rejection is seen as likely to put a damper on energy stocks already reeling from the impact of low oil prices.

On a one-year basis, the S&P 500 Energy Index in the U.S. has swooned 18.72 %, while in Canada, the S&P/TSX Capped Energy Index is down 16.91% for the year to date, as of Nov. 10. The Alerian MLP Index, a leading gauge of large- and mid-cap energy Master Limited Partnerships (MLPs), was also down nearly 24% for the year to date, as of Nov. 11.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Chevron Corp109.47 USD2.62Rating
Magellan Midstream Partners LP49.08 USD1.13Rating
Pembina Pipeline Corp38.58 CAD1.26

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

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