Looking for cheap Canadian energy stocks? There are many great options available, and I’ve highlighted some of the best below. But first, let’s take a look at why investing in these stocks is such a good idea.

Canada is blessed with plenty of natural resources. Including oil and gas. This makes the country a natural choice for energy investors. In addition, with oil and gas prices on the rise, now might be a great time to invest in Canadian energy stocks.

The Canadian energy sector is well-regulated. And it offers investors many opportunities. Opportunities to invest in both established companies and up-and-coming startups. Investing in Canadian energy stocks is a great way to get more bang for your buck. And you can thank the weak Canadian dollar for that.

So, if you’re looking for some cheap Canadian energy stocks to add to your portfolio, check out the list below. I’ve highlighted some of the best options available. Plus, the following all have high gross profit margins. And you’ll find that they are also offered on several different exchanges. This includes the TSX, CVE and OTC. But, if you don’t like these stocks, there are plenty of others to choose from.

Best Cheap Canadian Energy Stocks

No. 7 Freehold Royalties Ltd. (OTC: FRHLF)

Freehold Royalties Ltd. is a Canadian energy stock. And it focuses on the acquisition and development of oil and gas assets in western Canada. The company has a strong track record of success. Further, it is well-positioned to take advantage of the current oil price rebound.

Freehold’s key strengths include its experienced management team. Plus, its large acreage position, and its financial stability. The company also has a diversified asset base, which helps reduce risk. And it has a market cap of only $1.7 billion. So, Freehold still represents a great value investment in the Canadian energy sector.

If you’re looking for a solid Canadian energy stock that offers great value for your money, then Freehold Royalties Ltd. is a good option to consider. The company has a long history of success. It’s in a great position to capitalize on the current oil price recovery, which bodes well for its future. Plus, the stock offers a dividend!

No. 6 Africa Oil Corp. (OTC: AOIFF)

Despite its name, this is a Canadian energy stock. It headquarters is located in Canada. But, it does most of its business in Africa, including the exploration, drilling and production. There are a lot of countries in Africa, enough to where they can cherry pick the good assets and leave the others to fight over the scraps.

No. 5 Eco (Atlantic) Oil and Gas Ltd. (OTC: ECAOF)

Eco (Atlantic) Oil and Gas Ltd. is a Canadian energy stock that is attractively priced right now. The company has a strong balance sheet. Plus, ample liquidity and no debt. And its production profile is very solid, with a mix of high-quality oil and gas assets.

Also, Eco engages in a very promising sustainable energy project called Solear. It’s a solar thermal power plant that will use the latest tech to generate clean, renewable energy.

Overall, this is a great pick for investors seeking Canadian energy stocks. The company’s high-quality assets and strong balance sheet make it an attractive investment opportunity.

No. 4 Pulse Seismic Inc. (OTC: PLSDF)

This Canadian energy stock is engaged in the provision of seismic data to the oil and gas industry. It has a long history of success. And it’s well-positioned to take advantage of the current oil price rebound.

It has been in business since 1985. And that makes it one of the oldest companies in this sector. It has a large customer base, and is well-known for its quality products and services. In addition, its uniqueness positions it to succeed no matter what oil and gas prices do.

No. 3 Source Rock Royalties Ltd. (CVE: SRR)

Source Rock Royalties Ltd. is a Canadian energy stock with a strong management team. It has decades of combined experience in the oil and gas sector. This gives investors peace of mind that their money is in good hands. Also, Source Rock Royalties Ltd. boasts a portfolio of high-quality assets. And that makes it an attractive option for those looking to gain exposure to Canadian energy.

Thanks to its strong fundamentals, Source Rock Royalties Ltd. is one of the cheapest Canadian energy stocks on the market today. To sum up, this makes it an excellent investment choice to get into this sector at a bargain price.

No. 2 Cypress Hills Resource Corp. (CVE: CHY)

Cypress Hills Resource Corp. is a Canadian energy stock. And, with many producing wells, the company is in a great position to take advantage of current market conditions.

Cypress Hills Resource is a small company. So, they’re able to move fast and make decisions in the best interests of their shareholders.

Their management team has a lot of experience in the energy sector. In addition, they’re committed to growing the company over the long-term. Cypress Hills Resource Corp. is a great option for investors who want to get exposure to Canadian energy stocks.

No. 1 Greencastle Resources Ltd. (OTC: GRSFF)

Greencastle Resources Ltd. is a Canadian energy stock that is worth looking into. The company has a strong history of growth and profitability. And that makes it a solid investment option. In addition, Greencastle Resources commits to responsible environmental stewardship. This further enhances its appeal. If you’re looking for a Canadian energy stock that offers value and stability, Greencastle Resources Ltd. is definitely worth considering.

Conclusions on Canadian Energy Stocks

If you’re looking for some cheap Canadian energy stocks to add to your portfolio, be sure to check out the above stocks. These companies have a long history of success. In addition, they’re well-positioned to take advantage of the current oil price rebound. So, if you’re looking for some solid Canadian energy stocks to add to your portfolio, be sure to check out these names!