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Image source: Getty Images Are you looking for a combination of high dividend yields and inflation protection? You may want to consider oil and gas stocks , which Canada’s stock market has an abundance of. For instance, a popular pick like Enbridge has a forward annual yield of 6.78% as of April 4, 2023. However, Enbridge is still a single stock. While it may be a solid company, sinking a large portion of your portfolio into it isn’t the best in terms of diversification . The solution here is to add some of Enbridge’s peers from the energy sector, especially those from the oil and gas industry. While investors can pick and choose individual stocks (and the Fool has some great recommendations at the end of this article), I think buying an oil and gas exchange-trade fund , or ETF, could offer a palpable alternative. Let’s take a look at the two ETFs I’d buy if I wanted to invest in oil stocks. iShares S&P/TSX Capped Energy Index ETF First up, we’ve got iShares S&P/TSX Capped Energy Index ETF ( TSX:XEG ). This ETF has got 22 Canadian energy companies in its pocket, with big names like Canadian Natural […]
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