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The idiom âmake hay while the sun shinesâ applies in today’s stock market, specifically in the energy sector. The idiom is applicable to the stock market today, specifically in the energy sector. Investors are taking advantage of the favourable circumstances of oil and gas companies in 2022. Because of elevated crude prices for most of the year, profits and free cash flows (FCFs) are soaring through the roof. As of this writing, energy remains the top-performing sector on the TSX. The year-to-date gain is 40.22%, and you will hardly see a constituent in the red. Large-, medium-, and small-cap energy stocks are rewarding investors with fantastic returns and dividend increases. Pipeline operators Enbridge , TC Energy , and Pembina Pipelin e are top-of-mind choices because of their high dividend yields. However, many non-dividend payers have delivered far superior returns thus far in 2022. One energy stock that isnât as popular as the industry giants but is a winning investment is STEP Energy Services (TSX:STEP) . The $371.35 million oilfield services company blew investors away after reporting its second-quarter (Q2) 2022 financial and operating results. Its FCF climbed 3,347.7% to $33.16 million versus Q2 2021. In the first half of […]
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