Oil and gas stocks have been on the move this week, with the prices of commodities such as crude and gas rising higher. There are a few top TSX stocks that have seen significant gains in their share prices. If you are looking for a way to play the commodities surge, here are five of the top weekly TSX stocks to consider.
First is Canadian Natural Resources (TSX:CNQ). Canadian Natural Resources is a major player in the oil and gas industry, and it has seen its share price move from around $31 to its current price of around $37. It is one of the best-performing energy stocks of the year and is a great play for those looking to capitalize on the current upward momentum in oil prices.
Next is Cenovus Energy (TSX:CVE). Cenovus Energy is a major player in the Canadian oil and gas sector and has been investing heavily in research and development to ensure it remains competitive in the Canadian energy market. The company’s shares have risen from around $5 to their current level of around $9.25. This is a great pick for those who want exposure to the energy sector but don’t want to suffer significant risk.
Then there is Husky Energy (TSX:HSE). Husky Energy is another major energy player in the Canadian oil and gas market, and its shares have gone from around $9 to their current level of around $12. It is a more conservative option than other energy stocks as it is less exposed to fluctuations in the global commodity markets. This could be a great option for those looking for a safer, long-term energy play.
For those who are looking to gain from the current movements in oil prices, Imperial Oil (TSX:IMO) is a great choice. Imperial Oil is one of the largest integrated energy companies in Canada and its share price has risen from around $30 to its current level of around $38. As a major player in the Canadian energy market, it has significant upside potential as oil prices continue to move higher.
Finally, Suncor Energy (TSX:SU) is another option for those looking to capitalize on the current upward momentum in the energy sector. Suncor is a major Canadian energy player and its stock has moved from around $27 to its current level of $32. It is a great option for those looking for long-term growth potential as Suncor has vast resources and significant upside potential in the long run.
These are just five of the top weekly TSX stocks for those looking to take advantage of the move higher in oil and gas prices. There are many other TSX stocks to choose from, so it is important to perform your own research to find the one that is right for you. With the right strategy and careful research, you can maximize your returns and benefit from the current surge in commodities prices.