In 2020 one of my top performing sector picks will be Canadian energy stocks, much moreso even than American energy stocks. The sector in Canada will be set to rebound from increasing oil prices and an increase in cap-x.
In particular stocks like Canadian Res, Enbridge , Suncor, and TRP should boast some pretty good gains over the next 12 months as I believe oil will continue to tag along in this market and push to 70-80.00 a barrel as further cuts in Saudi Arabia will remain evident.
I believe CNQ will finally break-out of its 10 year and quadruple peak and likely push 20% higher before 2021. Similarly, Suncor will likely do much the same.
I am much more on the Canadian energy sector rather than the US, and for those looking for cheap value stocks with continued CAGR , growth and likely at-least a 15% upside in 2020, you want to go with TRP and ENB for the pipelines and CNQ /SU for the production.
I have advised my top picks to: Utilities (specifically, Fortis being the most stable), bonds and Gold.
Other dividend aristocrats are still worth investing in but you want to choose low beta stocks - not growth stocks.
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