Oil and gas dominate a new list of the TSX's 30 best performing stocks

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Energy companies and one oilfield service company leapfrogged conventional growth stocks on this year\u0027s list. Read more.

Fourteen energy producers made the 2022 list of the 30 best performing stocks on the S&P/TSX index over the past three years, posting an average share-price increase of 306 per cent over that period.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

“We’re seeing an interest in the sector that we haven’t seen in years,” said TSX CEO Loui Anastasopoulos. “We’re seeing companies use their cash flows to pay down debt, buy back shares, increase dividends etc. It’s a lot of positive stuff.”Article content Meanwhile, e-commerce giant Shopify Inc. dropped off the rankings entirely after three years in either first or second place. Other pandemic-era darlings, such as Mississauga, Ont.’s Cargojet Inc., which soared on the boom in online shopping during COVID-19 lockdowns, also sank back to earth.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The ndp/liberal government is not going to like this.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lido Finance investors waiting on Ethereum Merge should read thisWhen talks of the Ethereum [ETH] Merge became an irreversible focal point of the crypto community, Lido Finance [LDO] was mostly pointed out. Not just because it is the king in the ETH staking world but because it almost always took part in a price uptick. In 2022 alone, LDO increased more than 150%, recording […]
Source: CryptoAmb - 🏆 22. / 68 Read more »