Investing.com -- RBC Capital Markets has retained 16 stocks on its June 2026 Global Energy Best Ideas List, highlighting its highest-conviction ideas across integrated energy, exploration and production, midstream infrastructure, oilfield services and renewables.
The broker removed TotalEnergies from the list this month following strong share price performance but continues to favor companies with resilient cash flows, attractive shareholder returns, long-life assets and exposure to growing global energy demand.
Suncor Energy: RBC sees improving operational performance, lower break-even costs and significant shareholder returns supporting the Canadian integrated producer.
California Resources: The broker likes the company’s combination of conventional oil production and growing carbon capture and storage opportunities.
Chord Energy: RBC highlights its strong free-cash-flow profile, low leverage and shareholder-focused capital return strategy.
ConocoPhillips: The broker remains positive on the producer’s diversified global asset base, financial strength and low-cost inventory.
Permian Resources: RBC believes the company’s premium Permian acreage, operational efficiency and shareholder returns offer attractive upside.
PrairieSky Royalty: The royalty company benefits from diversified exposure to Western Canadian energy production without direct operating risk.
Canadian Natural Resources: RBC points to the company’s long-life assets, strong free-cash-flow generation and disciplined capital allocation.
Ovintiv: The broker sees value in Ovintiv’s streamlined portfolio, enhanced inventory depth and commitment to returning cash to shareholders.
Woodside Energy: RBC remains constructive on Woodside’s LNG-led growth strategy and expanding portfolio of large-scale energy projects.
Enerflex: The oilfield services provider stands out for its exposure to power generation opportunities, including growing demand from data centres.
AltaGas: RBC expects continued balance-sheet improvement and growth projects to strengthen the company’s long-term earnings profile.
Pembina Pipeline: The broker likes Pembina’s fee-based business model, free-cash-flow generation and leverage to rising Canadian production volumes.
Cheniere Energy: RBC highlights highly contracted cash flows, strong shareholder returns and expansion opportunities across its LNG export network.
Williams Companies: The midstream operator is viewed as a key beneficiary of rising natural gas demand and power infrastructure investment.
EDP Renováveis: RBC sees value in the renewable energy developer’s discounted valuation, improving earnings outlook and U.S. growth opportunities.
Northland Power: The broker expects major offshore wind projects nearing completion to improve sentiment and unlock additional value.
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