If there’s one factor (or ought to I say, particular person) that’s going to get traders transferring, it’s Warren Buffett. The Oracle of Omaha had traders dashing in the direction of oil after a number of studies got here out stating that Buffett’s Berkshire Hathaway (NYSE:BRK.B)(NYSE:BRK.A) is nearing a deal to amass Occidental Petroleum‘s (NYSE:OXY) petrochemical enterprise for US$10 billion.

It could be the biggest deal by Berkshire for the reason that Alleghany acquisition in 2022 for US$13.7 billion. And it comes after years of saving, bringing the corporate’s money to report highs. With the funding in OXY, nonetheless, different corporations could possibly be simply as bullish for traders to contemplate. All whereas staying near house.

CNQ

Buffett’s curiosity in vitality continues to extend investor curiosity, and a key beneficiary needs to be Canadian Pure Assets (TSX:CNQ). The vitality inventory is considered one of Canada’s largest built-in producers, with a administration actively returning capital by means of buybacks and dividends for its traders.

In the course of the second quarter, manufacturing and web earnings each climbed, with adjusted funds movement reaching $3.3 billion. The corporate additionally closed a number of strategic acquisitions. Nonetheless, money stays low, although working money movement is excessive. In the meantime, debt is reasonable with a debt-to-equity of 45%.

Then there’s the worth and earnings to contemplate. CNQ gives a 5.2% dividend yield at writing, supported by a strong 57% payout ratio. Plus, it nonetheless seems to be invaluable buying and selling at simply 11.6 instances earnings. Due to this fact, it’s an affordable possibility, particularly for a significant oil and fuel producer.

TOU

Another choice to contemplate is Tourmaline Oil (TSX:TOU), the biggest pure-play pure fuel producer in Canada. The vitality inventory gives sturdy money technology, low leverage, and a transparent development pathway. This comes from its place as a beneficiary of rising worldwide fuel costs, and new pipeline and export corridors.

In the course of the second quarter, manufacturing jumped 10% yr over yr, with money movement at $822.8 million and free money movement hitting $316.9 million. The corporate did so properly, in actual fact, that it introduced a particular $0.35 per share dividend and a quarterly base dividend of $0.50.

But the vitality inventory nonetheless seems to be invaluable even in spite of everything this development and earnings. It trades at ahead 11.7 instances earnings, whereas additionally offering a 3.2% dividend yield at writing. So that you’re getting in on earnings and development, all for a invaluable value.

Backside line

Sure, OXY is an thrilling funding, but it surely’s additionally a headline maker. That’s why trying to find worth is a much better possibility, which is precisely what Warren Buffett is doing. In reality, let’s say you’ve gotten $15,000 to place in the direction of these two vitality shares on the TSX immediately. Right here’s what that might appear like from dividend earnings alone proper now.

So if you wish to be a real Buffett investor, these different Canadian vitality shares could possibly be higher choices. All the time make sure that to talk together with your monetary investor earlier than making any selections.