Alberta’s oil and gas sector commands list of top 30 TSX stocks

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Companies based in Alberta comprised half the listings on the latest TSX30, an annual ranking of the top 30 stocks

At No. 13, Calgary-headquartered Birchcliff Energy Ltd. made a marked climb from the “depths of despair” in March 2020, the early days of the COVID-19 pandemic when the company’s share price fell to about 60 cents. This year, the stock reached about $12, president and chief operating officer Chris Carlsen told Postmedia.While inclusion on the list sparks excitement, it also serves as a reminder of the the challenges seen over the past three years, he added.

“I really think about the resilience and the strength of our staff both in Calgary and in the field,” Carlsen said. “As well as the executive team, our board of directors and some of our large shareholders for that support during all those different times to get from where we were to where we are today.”

As with just over a third of the top 30 companies announced Thursday, Birchcliff is a “graduate” of the TSX Venture Exchange, a stock exchange that lists early-stage companies as they incubate, grow and jump up to the TSX market, Anastasopoulos said.Article content Mining companies also had a noticeable presence on the latest TSX30, half of which are headquartered in B.C.

 

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