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Enbridge Inc. (TSX:ENB)(NYSE:ENB) is up 31% from its March lows. This energy stock is as defensive as it gets. Enbridge is the owner of the world’s longest crude oil and liquids transportation system. It delivers approximately 25% of North America’s crude oil and approximately 20% of its natural gas.
Suncor Energy Inc. (TSX:SU)(NYSE:SU) stock is up 69% from its March lows. Suncor is one of the integrated oil and gas companies that by its very nature provides a diversified exposure. This exposure shelters the company from oil price fluctuations.
Suncor is currently yielding 3.3% and its free cash flow is expected to be positive under $35 oil.
Suncor reduced its dividend by 55%
Lastly, we have Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ) stock, up 135% from its March lows. As an energy stock that is more exposed to oil prices, we should expect more stock price volatility.
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