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After a stellar couple of years, most commodity stocks have taken a hit this year. This is not totally surprising â inflation and recession risks have really thrown a wrench into the commodities investing thesis. But I think that thereâs also been a general sense that the upside in these stocks has really run its course â for now at least. After all, the commodities business is infamously cyclical. Booming periods are inevitably following by downturns. Thatâs just the way it goes in the world of commodities, where supply/demand fundamentals rule the day â and the pricing. On that note, here are three top Canadian stocks that have been hit this year after highly impressive runs. They’ve all taken a breather, but the upcycle is not over. In my opinion, significant upside still exists. The first commodity stock Iâd like to discuss is Enerplus Corp . (TSX:ERF) (NYSE:ERF) . Itâs a little-known energy stock that doesnât get much attention. But itâs also a high quality stock that benefits from its significant exposure to some of the most prolific unconventional oil and gas resource plays in the U.S. The independent oil and gas producer also benefits from its top operational […]
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