PXT
Parex Resources (TSX:PXT) feels like a stock that investors are missing because it lives outside the usual Canadian narrative. The company produces oil and gas in Colombia and may therefore behave differently than a producer bound by Alberta policy or Canadian pipeline restrictions. Analysts also tend to talk about it as a valuation story and not a hype story, because energy stocks don’t need sky-high prices to look attractive.
The dividend draws you in, but the profits have to keep pace. Parex has a current dividend yield of almost 8.9% at the time of writing. In its Q3 2025 update, Parex reported cash flow from operations of $105 million and announced a quarterly dividend of $0.385 for Q4 2025. That’s the fundamental appeal: cash flow first, payout second. The risk is in the same place as the opportunity. Colombia adds country risk, and poor price margins could put pressure on free cash flow. Therefore, investors should view returns as variable and not guaranteed.
AT
Tourmaline oil (TSX:TOU) is ignored for another reason. Some investors see natural gas and assume wild prices and unreliable revenues. Yet Tourmaline calls itself Canada’s largest natural gas producer, and the company has scale in the Western Canadian sedimentary basin. Analysts tend to respect this scale and see room for higher total returns as gas markets tighten.
For dividend investors, Tourmaline’s structure is as important as its production. It announced a quarterly dividend of $0.50, payable on December 31, 2025, and it also announced a special $0.25 dividend, payable on November 25, 2025. That approach may feel fairer than promising a huge fixed return. You get a core payout, and you also get benefits as the money piles up. The risk is simple, of course. Warm winters, weak prices or transportation restrictions can cause specials to shrink quickly, so you’ll want patience and a plan to reinvest when gas sentiment drops.
ARX
Finally, ARC Resources (TSX:ARX) could be the cleanest choice for a dividend investor who wants energy exposure without betting on a single product. It produces natural gas, condensate, NGLs and crude oil in Alberta and British Columbia, with a strong focus on the Montney. Analysts often emphasize this mix because it can smooth out cash flow if a commodity lags behind.
ARC’s recent quarter also supports the income situation. In the third quarter of 2025, the company reported $779 million from operations and approved an 11% dividend increase to $0.21 per quarter, or $0.84 annually. The longer runway is LNG. It is now offering a long-term agreement tied to Cedar LNG ExxonMobil plans to purchase ARC’s LNG offtake, which could increase demand visibility over time. The risk is that LNG timelines shift, or prices soften before that payout occurs, so you still want a balance sheet that can handle lower prices without cutting the dividend.
In short
Energy stocks can absolutely disappoint, so treat these as businesses first and income streams second. Parex offers high payout and diversification, Tourmaline offers scale and flexible returns, and ARC offers a balanced platform with an LNG catalyst. But right now, all three also offer one thing: dividends. This is what could fetch $7,000 each.
| COMPANY | RECENT PRICE | NUMBER OF SHARES | DIVIDEND | TOTAL ANNUAL PAYOUT | FREQUENCY | TOTAL INVESTMENT |
|---|---|---|---|---|---|---|
| PXT | $17.57 | 398 | $1.54 | $612.92 | Quarterly | $6,992.86 |
| AT | $60.60 | 115 | $2.00 | $230.00 | Quarterly | $6,969.00 |
| ARX | $25.11 | 278 | $0.84 | $233.52 | Quarterly | $6,980.58 |
In short, if you stay selective and keep your positions healthy, you can get paid while the market watches the same big caps do their usual work. Keep a watchlist, read earnings, and reinvest dividends with discipline.
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