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

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.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Chevron Corp92.14 USD-3.64
Magellan Midstream Partners LP43.26 USD-1.84
Pembina Pipeline Corp34.01 CAD-0.44

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.

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies