.png)
Everything is rallying these days. Stocks are close to all-time highs, Bitcoin is at peaks, and even the Canadian housing market continues to heat up. Another one that is stealing the focus in 2021 is the crude oil rally. West Texas Intermediate (WTI) crude oil is sitting at hefty gains and has crossed psychologically significant levels of US$60 this week. A few TSX stocks stand to benefit amid the rally. Investors sitting on some extra cash can consider betting on these Canadian energy giants for decent long-term gains. Suncor Energy Suncor Energy (TSX:SU) (NYSE:SU) stock witnessed some upturn after its quarterly earnings early this month. Despite an unprecedented loss in 2020, the company could see a decent recovery this year. Suncor Energy management clarified its focus points for 2021, which are debt repayments and share buybacks. Both will unlock shareholder value in the long term. Thus, the oil price rally and Suncor Energy’s solid fundamentals could corroborate a solid combination for its shareholders . Oil demand is already recovering this year, mainly from Asia. The developed economies, too, could see higher energy demand in the latter half of 2021. Integrated energy giant Suncor could remarkably benefit due to its […]
CamTrader offers a preview only. View original article. www.fool.ca
