CALGARY — A newly released ranking of the Toronto Stock Exchange's top performers shows just how dominant Canadian oil and gas stocks have been in 2022 thanks to surging global energy demand and sky-high commodity prices.
"From our perspective, it's actually quite exciting," said Loui Anastasopoulos, president of capital formation and enterprise marketing officer with the TSX. The second most represented sector on the TSX 30 this year is the mining sector, with eight companies on the list. "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."