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15 handpicked stocks

Indigenous Equity In Canadian Energy

Cenovus Energy is pursuing a joint acquisition of MEG Energy in partnership with a coalition of Canadian Indigenous groups. This potential deal signals a new era of Indigenous co-ownership in the energy sector, creating opportunities for companies that support these evolving large-scale projects.

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Author avatar

Han Tan | Market Analyst

Updated today | Published at August 13

Top Picks from This Group

Here are a few of the assets in this group. Create an account to unlock the full list.

CVE

Cenovus Energy Inc

CVE

Current price

$15.05

Central to the Indigenous partnership theme as the company pursuing joint acquisition with Indigenous groups.

SU

Suncor Energy Inc.

SU

Current price

$38.94

Major Canadian oil sands producer positioned to benefit from collaborative development models.

CNQ

Canadian Natural Resources Limited

CNQ

Current price

$29.94

Leading energy company with significant Canadian operations and potential for partnership participation.

About This Group of Stocks

1

Our Expert Thinking

This group represents companies positioned to benefit from a transformative shift in Canada's energy sector. The potential joint acquisition of MEG Energy by Cenovus and Indigenous groups could establish a new model of collaborative resource development, creating opportunities across the entire energy value chain.

2

What You Need to Know

These stocks span the Canadian energy ecosystem, from major oil sands producers to pipeline operators and engineering firms. The theme focuses on companies that could participate in or support large-scale partnerships involving Indigenous co-ownership, potentially reducing project risks and unlocking new value.

3

Why These Stocks

Each company was selected for its role in Canada's energy infrastructure and potential to benefit from evolving partnership models. Professional analysts identified these firms as key players positioned to participate in or support the collaborative approach to resource development that Indigenous equity partnerships represent.

12 Month Growth Potential

Use the growth calculator to see how much investing in these assets could return over one year.

If you invested across these assets:

in 12 months it could be worth:

$1,000.00

+154.52%

Group Performance Snapshot

154.52%

Average 12 Month Profit

On average, analysts expect assets in this group to grow 154.52% over the next year.

9 of 14

Stocks Rated Buy by Analysts

9 of 14 assets in this group are rated Buy by professional analysts.

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

Why You'll Want to Watch These Stocks

🤝

Historic Partnership Model

This could be the first major Indigenous co-ownership deal in Canadian energy, potentially setting a powerful precedent for future industry partnerships and unlocking new value creation opportunities.

🚀

De-Risked Development

Collaborative partnerships with Indigenous groups may reduce project risks and create more sustainable development models, potentially leading to stronger long-term returns for energy companies.

Value Chain Opportunity

From producers to pipeline operators to engineering firms, this shift could benefit companies across the entire Canadian energy ecosystem as new partnership models gain momentum.

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