2 Red-Hot Energy Stocks to Buy for Big Dividend Growth
Cenovus Energy (TSX:CVE) and another dirt-cheap oil stock with a huge dividend and plenty of growth potential.
On the TSX Index, numerous energy names seem underappreciated by the market, offering deep value. Despite energy prices being under pressure, with West Texas Intermediate (WTI) prices dipping below US$60 per barrel, there's an opportunity to invest in a well-run producer that can improve its operating economics as prices moderate.
lower oil prices represent a serious headwind for the many producers in the space.
With pessimism surrounding energy names, it's a chance to invest in a promising stock with growth potential.
Author's summary: Invest in undervalued energy stocks for dividend growth.
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