2 TSX Stocks That Could Win Big From Canada’s Energy Strength

Canada’s energy strength isn’t just about oil prices. It’s about assets the world still needs: natural gas, crude infrastructure, export capacity, and uranium for reliable power. The best stocks in this theme usually own hard-to-replace assets, generate cash when demand rises, and have a clear reason to matter beyond one good commodity cycle. Investors still need to watch debt, project risk, and volatile prices, but Canada’s energy base gives the TSX a real edge.

GEI

Gibson Energy (TSX:GEI) offers a different kind of energy bet. It doesn’t need to drill a hot well or chase every move in oil prices. Instead, Gibson Energy owns liquids infrastructure, including storage, processing, gathering, and terminal assets in key North American energy hubs. That makes it a steadier way to play Canada’s energy strength. When more crude and liquids move through the system, companies like Gibson Energy can benefit from long-term contracts and infrastructure demand rather than pure commodity swings.

Its latest full-year results gave investors plenty to like. Gibson Energy delivered record Infrastructure adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $622 million in 2025, including $160 million in the fourth quarter. Net income reached $198 million for the year, and the company raised its dividend by 5%, marking its seventh straight annual increase.

Gibson Energy stock also announced a $400 million acquisition of Teine Energy’s Chauvin infrastructure assets, plus major Edmonton contract extensions. The valuation isn’t dirt cheap, with the stock trading around 31 times earnings, and debt sat at 3.9 times adjusted EBITDA. Still, the yield remains at about 6.2%, and infrastructure EBITDA per-share growth target make it a strong fit for income investors who want energy exposure with less drama.

NXE

NexGen Energy (TSX:NXE) represents the higher-risk, higher-upside side of Canada’s energy story. It’s developing Rook I in Saskatchewan’s Athabasca Basin, one of the world’s top uranium regions. Uranium matters more now because nuclear power keeps gaining attention as countries and data-centre operators search for reliable, low-emission electricity. NexGen received final federal approval for Rook I in March 2026, a major step forward after years of permitting work.

Unlike Gibson Energy stock, NexGen doesn’t trade on earnings today. It trades on future production potential. That makes valuation harder. The TSX-listed shares recently carried a market cap near $11 billion and a price-to-book ratio around 6. It also ended 2025 with more than $1.1 billion in cash after a large equity raise, giving it funding flexibility as it moves toward construction planning.

The risk sits right in plain view. Rook I still needs major capital, execution remains crucial, and uranium prices can swing hard. But if Canada’s energy strength includes nuclear fuel, NexGen could become one of the biggest long-term winners.

Bottom line

Canada’s energy advantage stretches across more than oil. Gibson Energy offers income and infrastructure stability. NexGen gives investors a direct shot at the nuclear fuel boom. Together, these two energy stocks show why Canadian energy still deserves attention, especially when the world wants more secure, reliable, and locally sourced supply.

The post 2 TSX Stocks That Could Win Big From Canada’s Energy Strength appeared first on The Motley Fool Canada.

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More reading

• Oil Is Surging Again: 2 Canadian Stocks to Watch Closely
• 3 TSX Stocks With the Potential to Turn $100,000 Into $1 Million Sooner Than You’d Expect
• 2 High-Yield Dividend Stocks That Look Built to Hold for 10 Years or More
• Oil Shock, Rate Decision Ahead: 3 TSX Stocks Built for Both
• 3 Safer TSX Stocks to Buy as Oil Breaks $100 Again

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Gibson Energy. The Motley Fool has a disclosure policy.