Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on shares of CNQ, IPOOF and GTE.

CNQ is in talks to buy Tourmaline's Peace River gas assets in a deal that could top $1 billion, pending regulatory approval.

Canadian Natural Resources (CNQ) remains a high-quality energy company with strong production growth, low break-even costs, and robust shareholder returns. Recent share price weakness tied to Venezuela-related fears appears overblown, creating a compelling buying opportunity in CNQ. CNQ delivered record Q3 production, solid cash flow even in a weak oil price environment, and maintains a 5.2% dividend yield with likely increases ahead.

Some safe dividend stocks also offer high yields. Their payouts are high but aren't risky, and are backed by strong fundamentals.

A full-scale resumption of Venezuelan oil exports would benefit refiners in the United States and lower their fuel production costs, with the refineries capable of absorbing most of the roughly 1 million barrels per day of crude that would trade freely if U.S. sanctions on the South American country are removed.

This week's Undercovered Dozen highlights 12 lesser-followed stocks and funds, each with distinct catalysts or value opportunities. This week's edition covers articles published between Dec. 12 and Dec. 18, offering fresh investment ideas. The series aims to inspire discussion and help investors discover overlooked opportunities in the market.

Addenda Capital Inc. trimmed its stake in shares of Canadian Natural Resources Limited (NYSE: CNQ) (TSE: CNQ) by 8.3% in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,175,075 shares of the oil and gas producer's stock after selling 195,810 shares during the period.

The market is pricing in far more pessimism than the fundamentals justify for these 2 blue-chip dividend stocks. Yields this high from these stocks have historically led to powerful long-term returns. Valuation gaps like this rarely stay open for long, which makes these compelling buys right now.

CNQ targets 3% production growth in 2026 with a C$6.3B budget, disciplined capital and a balanced liquids-gas mix to drive shareholder value.

The S&P 500 has delivered an 80% return over the past three years, significantly outperforming energy stocks. Despite a 7% year-to-date gain, energy remains an underperformer compared to the broader market's 18% rise. Energy sector volatility, driven by weak demand and OPEC supply actions, has challenged investors throughout the year.