As we enter in to the year 2023, the world of helium stocks are already making waves. The Canadian helium market has been growing with some of the biggest companies making serious investments in the developing industry. With helium being one of the most essential elements in the world of space exploration, medicine, and scientific breakthroughs, these investments could turn out to be highly lucrative. Here are the five biggest Canadian companies in helium stocks in 2023.
Chevron Canada Resources is the first company on the list. This Calgary-based industry will be focusing on tapping into helium reserves in Alberta as well as parts of British Columbia. With more than 70 years in the oil and gas business, Chevron Canada Resources has become a leading force in the country’s helium economy. This company also has an investment arm, Chevron Capital, which is looking to expand its investments in the helium market.
Next on the list are Suncor Energy. Located in Edmonton, AB, Suncor is aiming to become the nation’s leading supplier of helium. This business has been working with the provincial government to create new helium reserves in Alberta and Saskatchewan, as well as in other Canadian provinces. Suncor also currently owns natural gas reserves in British Columbia, which could bring a steady supply of helium for the upcoming years.
Third on the list is Husky Energy. Based in Calgary, this company is leading the charge in extraction of helium from the vast natural gas deposits that it holds in the western province of Alberta. Husky Energy has the necessary resources to support the production of helium and has been increasing its investments in the market in anticipation of the rising demand for the element.
Rounding out the list is Imperial Oil & Gas. Headquartered in Calgary, Imperial Oil & Gas is one of the oldest oil and gas companies in Canada with operations throughout the country. This company has been investing in its helium division and is expected to maintain its position as one of the largest suppliers in the Canadian market in the coming years.
Finally, Calgary-based Exshaw Resources is bringing innovative solutions and new technologies to the helium market. The company is working with leading universities in Alberta and collaborating with other private and public sectors to create a competitive environment in the helium sector. It is predicted that Exshaw Resources will become a major player in 2023 in terms of supplying helium.
These are the five biggest Canadian companies in helium stocks in 2023. This list will probably expand in the future, but these are the ones to watch as they all have the potential to make lucrative investments in the future.