Canadian (TSX) Oil and Gas Industry Analysis

Industry Valuation and Performance

Has the Canadian Oil and Gas Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 05 Jun 2026	CA$1.0t	CA$348.1b	CA$38.2b	26.5x	26.3x	2.9x
Sun, 03 May 2026	CA$986.2b	CA$342.8b	CA$41.3b	22.9x	23.9x	2.9x
Tue, 31 Mar 2026	CA$981.8b	CA$342.3b	CA$41.3b	20.7x	23.8x	2.9x
Thu, 26 Feb 2026	CA$894.9b	CA$345.0b	CA$40.5b	17x	22.1x	2.6x
Sat, 24 Jan 2026	CA$808.2b	CA$356.9b	CA$38.5b	15.6x	21x	2.3x
Mon, 22 Dec 2025	CA$735.2b	CA$357.4b	CA$38.5b	14.1x	19.1x	2.1x
Wed, 19 Nov 2025	CA$771.0b	CA$357.7b	CA$38.6b	15.5x	20x	2.2x
Fri, 17 Oct 2025	CA$756.2b	CA$390.8b	CA$43.9b	12x	17.2x	1.9x
Sun, 14 Sep 2025	CA$742.7b	CA$390.6b	CA$43.9b	12.4x	16.9x	1.9x
Tue, 12 Aug 2025	CA$703.1b	CA$390.7b	CA$44.4b	11.5x	15.8x	1.8x
Thu, 10 Jul 2025	CA$686.4b	CA$394.3b	CA$42.8b	12.2x	16x	1.7x
Sat, 07 Jun 2025	CA$672.0b	CA$394.4b	CA$42.8b	12.2x	15.7x	1.7x
Mon, 05 May 2025	CA$645.1b	CA$387.6b	CA$38.9b	10.9x	16.6x	1.7x
Wed, 02 Apr 2025	CA$682.4b	CA$387.1b	CA$38.9b	13x	17.6x	1.8x
Fri, 28 Feb 2025	CA$650.0b	CA$388.7b	CA$39.3b	11.1x	16.6x	1.7x
Sun, 26 Jan 2025	CA$701.3b	CA$388.3b	CA$45.1b	11.1x	15.6x	1.8x
Tue, 24 Dec 2024	CA$654.3b	CA$388.3b	CA$45.1b	10.4x	14.5x	1.7x
Thu, 21 Nov 2024	CA$705.9b	CA$388.1b	CA$45.6b	11x	15.5x	1.8x
Sat, 19 Oct 2024	CA$695.9b	CA$386.3b	CA$43.7b	11.6x	15.9x	1.8x
Mon, 16 Sep 2024	CA$632.6b	CA$386.5b	CA$43.8b	11.8x	14.5x	1.6x
Wed, 14 Aug 2024	CA$663.1b	CA$376.2b	CA$43.6b	11.4x	15.2x	1.8x
Fri, 12 Jul 2024	CA$647.2b	CA$366.0b	CA$43.4b	11.5x	14.9x	1.8x
Sun, 09 Jun 2024	CA$647.6b	CA$366.1b	CA$43.4b	12.2x	14.9x	1.8x
Tue, 07 May 2024	CA$669.6b	CA$368.8b	CA$46.7b	9.5x	14.3x	1.8x
Thu, 04 Apr 2024	CA$665.2b	CA$367.9b	CA$48.3b	10.4x	13.8x	1.8x
Sat, 02 Mar 2024	CA$609.5b	CA$365.7b	CA$49.5b	8x	12.3x	1.7x
Mon, 29 Jan 2024	CA$607.7b	CA$386.2b	CA$47.8b	6.7x	12.7x	1.6x
Wed, 27 Dec 2023	CA$600.7b	CA$385.9b	CA$47.7b	6.3x	12.6x	1.6x
Fri, 24 Nov 2023	CA$618.8b	CA$386.8b	CA$47.9b	6.6x	12.9x	1.6x
Sun, 22 Oct 2023	CA$627.9b	CA$401.6b	CA$55.6b	6.5x	11.3x	1.6x
Tue, 19 Sep 2023	CA$630.3b	CA$401.2b	CA$55.5b	6.6x	11.4x	1.6x
Thu, 17 Aug 2023	CA$588.0b	CA$402.1b	CA$55.5b	6x	10.6x	1.5x
Sat, 15 Jul 2023	CA$558.9b	CA$436.7b	CA$67.5b	5x	8.3x	1.3x
Mon, 12 Jun 2023	CA$566.4b	CA$437.0b	CA$67.6b	4.5x	8.4x	1.3x

Current Industry PE

Investors are optimistic on the Canadian Oil and Gas industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 26.3x which is higher than its 3-year average PE of 19.6x.

The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.9x.

Past Earnings Growth

The earnings for companies in the Oil and Gas industry have declined 17% per year over the last three years,
Revenues have also declined 7.3% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Canadian Energy industry?


CA Market	1.83%
Energy	4.15%
Oil and Gas	4.12%
Integrated Oil and Gas	5.14%
Oil and Gas Exploration and Production	4.93%
Oil and Gas Refining and Marketing	3.66%
Oil and Gas Storage and Transportation	3.01%
Coal and Fuels	2.83%

Industry PE

Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio.

Analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings decline of 39.4% per year.

Forecasted Growth

Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 30% over the next 5 years.

In contrast, the Integrated Oil and Gas industry is expected to see its earnings grow by 3.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
CNQ Canadian Natural Resources	CA$66.22	4.8% +CA$6.3b	56.3%	PE14.2x
CVE Cenovus Energy	CA$41.35	7.1% +CA$5.1b	129.0%	PE16.7x
ENB Enbridge	CA$78.83	2.9% +CA$4.9b	23.1%	PE26.7x
SU Suncor Energy	CA$91.01	4.3% +CA$4.4b	81.8%	PE17x
IMO Imperial Oil	CA$176.23	4.4% +CA$3.6b	76.8%	PE29.2x

Anfield Energy Completes Phase One Surface Construction At Velvet-Wood Project

Anfield Energy Inc. has completed phase one surface construction at its Velvet-Wood uranium and vanadium project in Utah. With Phase One now complete, the Company will shift focus to phase two of mine construction at Velvet-Wood. Phase Two will focus on the dewatering and rehabilitation of the existing underground workings, along with construction of the ore pad to allow for mining to begin upon completion of the dewatering. Phase Two is expected to last approximately 6 months. Initial underground development activities are expected to commence within the next 30 days at Velvet-Wood. Phase three of mine construction at Velvet-Wood will involve the buildout of permanent surface infrastructure, including the mine office, shop/warehouse, and permanent power. The Company intends to produce mined material concurrently with the completion of this final development phase. The completed Phase One work at Velvet-Wood included the following actions: Stripped the topsoil from the original mine area and stockpiled approximately 4,500 cubic yards of clean topsoil, set aside for future reclamation work; Completed a full site survey to orient the surface with the underground workings; Installed a temporary office and shop to support construction and site development; Built or improved nearly 3 miles of roads, including both county roads and site roads; Installed temporary power to the site; Uncovered the previous plugged/reclaimed decline shaft and constructed the new portal and gates; Installed ventilation for the underground; Rehabilitated nearly 1,500 feet of decline; Activated the mine ID with the U.S. Mine Safety and Health Administration, enabling the start of mining and mine construction; Built pads for the permanent facilities (mine office, shop/warehouse, and water treatment); and Restarted the Company’s Papoose limestone quarry, supplying all aggregate used on site for road and pad construction. This progress allows Anfield to remain on schedule to return the Velvet-Wood mine to production by the end of 2026. This milestone is made more significant by the fact that the mine last produced in 1984, while the remaining Lisbon Valley mines were ultimately shuttered by 1988. For more than 40 years this resource area has been waiting for the return of the U.S. uranium industry. This progress supports Anfield’s hub-and-spoke strategy, centered on the fully permitted Shootaring Canyon Mill in Utah and its portfolio of high-quality uranium-vanadium assets in Utah and Colorado.

Canadian (TSX) Oil and Gas Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Cameco to Boost Stake in Cigar Lake Uranium Mine With Joint Acquisition

Enbridge Tops Q1 Expectations With $40b Project Backlog and Dividend Boost

PPL: Heartland Project And Ethane Deals Will Shape Future Fair Value

Anfield Energy Completes Phase One Surface Construction At Velvet-Wood Project

LCFS: Fair Value Reset Will Hinge On Project Execution And Funding Risk

Rockpoint Gas Storage Sets Record Results and Raises Dividend While Advancing Growth Projects

New minor risk - Shareholder dilution

Imperial Oil Sees C$100 Billion Sector Investment Needed for Alberta Pipeline Expansion

President recently sold CA$2.7m worth of stock

Upcoming dividend of CA$0.60 per share

Meren Energy Backs Impact Oil & Gas Restructuring to Sharpen Focus on Namibia’s Venus Project

Canadian Natural Resources Pauses Oil Sands Expansion While Awaiting Pipeline and Policy Clarity

RBC Capital Lifts TC Energy Price Target After Strong Q1 and Appalachia Project Approval

Energy Fuels Q1 Revenue Hits $35.7 Million as Uranium Production Targets Remain Strong

SouthGobi Resources Ltd. Announces Class Action Settlement Approval

BluEnergies Ltd., Annual General Meeting, Jun 23, 2026