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Gas pipelines Crude oil prices have fallen 35% since June, plunging from US$120 to US$80 a barrel in September. Market participants have largely focused on central bank policies and the combination of rising interest rates and record-high inflation that could result in a global recession. One crucial factor that’s been mainly overlooked in this period is the global energy supply-demand imbalance. The Russian energy supply will likely continue to dwindle by the end of the year due to economic sanctions. Moreover, re-openings in China should remarkably increase demand, causing oil prices to bounce back. So, this seems like an opportune time to bring the focus back to TSX energy stocks . In the past couple of decades, energy stocks have never been so financially strong. Capital discipline amid steep free cash flows has made them among investor-favourites. The correction seems overdone, and these stocks could soon bounce back. With that said, here are two TSX energy names that could skyrocket. Cardinal Energy Despite dropping 22% since June, Cardinal Energy ( TSX:CJ ) stock is still sitting on a handsome gain of 67% for the year. And not just capital gain, Cardinal offers a juicy dividend, yielding 8.3%. That’s way […]
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