{"id":3604,"date":"2026-02-17T15:23:59","date_gmt":"2026-02-17T20:23:59","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/?p=3604"},"modified":"2026-02-17T15:00:56","modified_gmt":"2026-02-17T20:00:56","slug":"canadian-energy-metals-performance-2026","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/canadian-energy-metals-performance-2026\/","title":{"rendered":"Good News! Canada&#8217;s Energy Comeback is Underway"},"content":{"rendered":"<h2><span style=\"font-size: 14pt\">Revisiting Our 2025 Energy Outlook<\/span><\/h2>\n<p>Last year the Canadian oil and gas sector struggled. Let&#8217;s check-in to see how 2026 is shaping up. Before we do, here&#8217;s a reminder of we wrote in November:<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3605\" src=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-1.png\" alt=\"Screenshot from our blog post in November 2025\" width=\"1495\" height=\"1351\" srcset=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-1.png 1495w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-1-300x271.png 300w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-1-1024x925.png 1024w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-1-768x694.png 768w\" sizes=\"(max-width: 1495px) 100vw, 1495px\" \/><\/p>\n<p><a href=\"https:\/\/bigmail.wellington-altus.ca\/t\/c\/88a259ee-d69b-4a76-abda-553b4e3b4ead\/00000000-0000-4000-8000-000000000001\">Source<\/a><\/p>\n<p>The entire article made the case that Canada&#8217;s energy sector might be poised for outperformance. That view was far from consensus. We didn&#8217;t just talk about it\u2014we took action\u2014increasing our exposure in our Advisor Managed Accounts.<\/p>\n<h2><span style=\"font-size: 14pt\">Oil Prices &amp; Producer Response<\/span><\/h2>\n<p>At the time, oil was struggling to stay above $60\/barrel amidst concern about a vast &#8220;glut&#8221;. Bearishness was in the air with calls for oil to fall to the $40&#8217;s. The sentiment peaked with the U.S. capture of Venezuelan President Nicol\u00e1s Maduro and the seizing of the oil fields. Let&#8217;s update that chart to see how things have changed in 2026:<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-3606\" src=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-2-scaled.png\" alt=\"Performance of energy relative to TSX60 in 2026\" width=\"2560\" height=\"1665\" srcset=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-2-scaled.png 2560w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-2-300x195.png 300w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-2-1024x666.png 1024w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-2-768x500.png 768w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-2-1536x999.png 1536w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-2-2048x1332.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p>YCharts.com \u00a9 2026 YCharts, Inc. All rights reserved<\/p>\n<h2><span style=\"font-size: 14pt\">Leading Canadian Energy Stocks in 2026<\/span><\/h2>\n<p>We weren&#8217;t just buying oil and gas, but also copper miners in our managed accounts. We&#8217;re glad we did. Overall the sector has bounced since November with Suncor and Canadian Natural Resources leading the way:<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-3607\" src=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-3-scaled.png\" alt=\"Chart of CNQ, IMO, SU performance\" width=\"2560\" height=\"1706\" srcset=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-3-scaled.png 2560w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-3-300x200.png 300w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-3-1024x682.png 1024w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-3-768x512.png 768w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-3-1536x1024.png 1536w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-3-2048x1365.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p>YCharts.com \u00a9 2026 YCharts, Inc. All rights reserved<\/p>\n<h2><span style=\"font-size: 14pt\">Base Metals: Copper&#8217;s Strong Start<\/span><\/h2>\n<p>What about copper and base metals? The sector has advanced over 34% led by some of the names shown below (holdings in our models):<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3608\" src=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-4-scaled.png\" alt=\"Performance of TECK.B, CS, FCX, AA\" width=\"2560\" height=\"1690\" srcset=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-4-scaled.png 2560w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-4-300x198.png 300w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-4-1024x676.png 1024w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-4-768x507.png 768w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-4-1536x1014.png 1536w, https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Feb-23-Photo-4-2048x1352.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p>YCharts.com \u00a9 2026 YCharts, Inc. All rights reserved<\/p>\n<h2><span style=\"font-size: 14pt\">Why Patience is Paying Off<\/span><\/h2>\n<p>For those of you who have entrusted us with the management of your portfolio in our Advisor Managed Models, congratulations! This business isn&#8217;t easy\u2014so we celebrate our wins! We continue to believe this is early days for both metals and energy.<\/p>\n<p>No doubt there will be plenty of ups and downs but we expect further gains ahead. There&#8217;s a broader lesson here\u2014about being willing to be contrarian\u2014even when it requires patience. Your patience is being rewarded, congratulations!<\/p>\n<p>&nbsp;<\/p>\n<p>Glen<\/p>\n<p>&nbsp;<\/p>\n<p>PS: If you&#8217;re not benefitting from our Advisor Managed Models, we&#8217;d love to walk you through how they work and decide whether they would be right for you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian energy and metals sectors have rallied in early 2026. We revisit our contrarian call from November and explain why patience and active management are paying off. <\/p>\n","protected":false},"author":219,"featured_media":3612,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"2normal","footnotes":""},"categories":[93],"tags":[396,20],"class_list":["post-3604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights-news","tag-energy-resources","tag-wealth-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian Energy &amp; Metals Outlook: Early 2026 Update - Evans Family Wealth<\/title>\n<meta name=\"description\" content=\"Canada&#039;s energy and base metals sectors have rebounded strongly in early 2026 - a contrarian trend worth watching.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/canadian-energy-metals-performance-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Energy &amp; Metals Outlook: Early 2026 Update - Evans Family Wealth\" \/>\n<meta property=\"og:description\" content=\"Canada&#039;s energy and base metals sectors have rebounded strongly in early 2026 - a contrarian trend worth watching.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/canadian-energy-metals-performance-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Evans Family Wealth\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/people\/Glen-Evans-Wellington-Altus-Private-Wealth-Evans-Family-Wealth\/61565599821051\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-17T20:23:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/advisor.wellington-altus.ca\/evansfamilywealth\/wp-content\/uploads\/sites\/205\/2026\/02\/Copper.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evans Family Wealth\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Evans Family Wealth\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evansfamilywealth\\\/canadian-energy-metals-performance-2026\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evansfamilywealth\\\/canadian-energy-metals-performance-2026\\\/\"},\"author\":{\"name\":\"Evans Family Wealth\",\"@id\":\"https:\\\/\\\/advisor.wellington-altus.ca\\\/evansfamilywealth\\\/#\\\/schema\\\/person\\\/b8af151f15d638f55fae8eefac74cc4c\"},\"headline\":\"Good News! 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