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Highlights
- The Canadian equity market continued to gain investor’s attention in 2021 despite the COVID disruptions.
- An energy stock mentioned here returned a profit of over 1030 per cent year-to-date (YTD).
- Another energy stocks listed below mounted by nearly 808 per cent YTD
After the massive shock that stock markets suffered during the onset of the pandemic in 2020, most of them made significant recovery in the following year. As 2021 ends, the Canadian equity market too appears to have notably gained investors’ attention despite COVID disruptions.
Let us look at some TSX-listed stocks that rallied in 2021.
Image source:© 2021 Kalkine Media®
1. InPlay Oil Corp (TSX:IPO)
Stocks of InPlay Oil Corp shot up by nearly 808 per cent in 2021, closing at C$ 2.1 apiece on December 30.
The Calgary-based oil and gas company recorded an average production of 6,011 barrels of oil equivalent per day in the third quarter of fiscal 2021.
Its adjusted funds flow surged by 675 per cent year-over-year (YoY) to C$ 15.6 million in the latest quarter.
2. Journey Energy Inc (TSX:JOY)
JOY stock closed at C$ 2.5 apiece on December 30 and noted a return of over 1030 per cent year-to-date (YTD).
Journey Energy Inc reported net income of C$ 92.2 million in Q3 FY2021. The oil and natural gas exploration company realized adjusted funds flow of C$ 12 million in the latest quarter.
Also read: 5 Canadian sectors that outshone in 2021
3. NuVista Energy Ltd (TSX:NVA)
NVA stock closed at C$ 6.9 apiece on December 30, having zoomed by about 667 per cent this year.
NuVista Energy posted an adjusted funds flow of C$ 80.60 million in Q3 2021 compared to C$ 41.48 million in the same quarter of 2020.
Its net income was C$ 147.06 million in the latest quarter, up from a net loss of C$ 44.14 million a year ago.
4. Perpetual Energy Inc (TSX:PMT)
PMT stock jumped by roughly 638 per cent YTD and closed at C$ 0.64 apiece on December 29.
Perpetual Energy recorded a net income of C$ 51.1 million in in the third quarter of fiscal 2021, as against a loss of C$ 7.5 million in Q3 FY2020.
5. Athabasca Oil Corporation (TSX:ATH)
Stocks od Athabasca Oil Corporation closed at C$ 1.2 apiece on December 30 and delivered a YTD gain of approximately 600 per cent.
Athabasca Oil Corporation reported free cash flow of C$ 56.62 million in Q3 FY2021 against C$ 2.23 million in same quarter a year ago. Its adjusted funds flow was C$ 72 million in the latest quarter.
Bottom line
Omicron-induced fear and uncertainties can influence market sentiments next year, or at least in the first few months of 2022.
Investors should ideally take such market factors into account before investing as they can directly impact stock market dynamics.
Also read: 5 Canadian stocks to buy for the New Year
