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Israel is watching Iran and is sending a blunt warning to the regime, which is facing international pressure over growing protests.

‘We are in high readiness,’ Israeli United Nations Ambassador Danny Danon told reporters. ‘We are ready with our defense capability, and we’re ready with our offensive capabilities… We would advise Iran not to test our capabilities.’

Danon also said that Israel was aware of where Iran is keeping its ballistic missiles, something Tehran used against Jerusalem during the 12-day war in June 2025.

In June 2025, Israel started ‘Operation Rising Lion,’ which was aimed at destroying Iran’s nuclear capabilities. The U.S. ultimately got involved and launched ‘Operation Midnight Hammer,’ in which it destroyed Iran’s Fordow, Natanz and Isfahan nuclear facilities.

The diplomat said that what happened over the summer was a ‘partial’ showing of Israel’s capabilities, though he did not elaborate on the point.

Danon told reporters that it would ultimately be up to the U.S. to decide what and whether this could happen and that Israel would ‘respect that decision.’

‘Our position is very clear, it is a decision of the United States. We are ready,’ Danon said. ‘We will not tell the U.S. if they should do it or not do it and when to do it.’

The diplomat also implied that the U.S. could be ready to come to Israel’s aid, saying that if Iran were to attack Israel that ‘the U.S. or somebody else will attack them.’

On Tuesday, Iran warned President Donald Trump not to take action against its Supreme Leader Ayatollah Ali Khamenei.

‘Trump knows that if any hand of aggression is extended toward our leader, we not only cut that hand, but also we will set fire to their world,’ Gen. Abolfazl Shekarchi, a spokesman for Iran’s armed forces, said, according to The Associated Press.

The remarks came in response to Trump’s call for ‘new leadership in Iran.’ He made the comment in an interview with Politico and told the outlet that Khamenei ‘is a sick man who should run his country properly and stop killing people.’

Since the protests in Iran began in late December, both the U.S. and Israel have expressed support for the civilians taking to the streets. President Donald Trump threatened that if the regime met protesters with violence, the U.S. would act. However, the U.S. has yet to intervene, and the president has signaled that he has held off on military strikes because of canceled executions.

‘I greatly respect the fact that all scheduled hangings, which were to take place yesterday (over 800 of them), have been cancelled by the leadership of Iran. Thank you!’ Trump said in a post on Truth Social.

White House press secretary Karoline Leavitt echoed a similar message to reporters, saying that all options remained on the table. She told reporters at a White House briefing that Trump told Iran ‘if the killing continues, there will be grave consequences.’

Israel has been open about its support for the people of Iran, with Prime Minister Benjamin Netanyahu saying on Jan. 11 that the country was ‘closely monitoring’ what was taking place. He also vowed that once Iran was ‘liberated from the yoke of tyranny’ Israel would be prepared to be a partner in peace.

‘Israel is closely monitoring the events unfolding in Iran. The protests for freedom have spread throughout the country. The people of Israel, and the entire world, stand in awe of the immense bravery of Iran’s citizens. Israel supports their struggle for freedom and firmly condemns the mass killings of innocent civilians,’ Netanyahu said at the beginning of his weekly cabinet meeting.

‘We all hope that the Persian nation will soon be liberated from the yoke of tyranny, and when that day comes, Israel and Iran will once again be faithful partners in building a future of prosperity and peace for both nations,’ he added.

Iran has also linked the U.S. and Israel to the protests. On Jan. 16, an Iranian ambassador said that both the U.S. and Israel were responsible for instilling ‘political destabilization, internal unrest and chaos.’ The representative also blamed the U.S. and Israel for ‘the innocent blood that has been shed in my country.’

Days before the diplomat made his comments, the Iranian mission to the U.N. said on X, ‘The satanic plot hatched by the United States and the Zionist regime to fragment Iran and to engineer an internal civil war will be neutralized through the national solidarity of the Government and the people of Iran, the ignominy of which will remain upon them.’

Iranian officials frequently use the phrase ‘Zionist regime’ to refer to Israel.

The U.S.-based Human Rights Activists News Agency, which tracks unrest in Iran, reported on Monday that the number of confirmed fatalities reached 4,029 since the protests began. The agency said at least 5,811 people were severely injured and that 26,015 people had been arrested during the protests.

Fox News Digital reached out to the White House, the State Department and the Iranian Mission to the U.N. for comment.

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Gunfire echoed through Tehran Tuesday as heavily armed militias were deployed across the Iranian capital, transforming some districts into fortified zones under intense security.

Video footage showed bursts of automatic weapons after dark as government buildings, state media sites and major intersections were reportedly placed under guard, with armored pickups and masked fighters patrolling the streets in Toyotas.

The trucks were mounted with heavy machine guns and were moving in convoys with weapons firing into the darkness as armed men shouted commands.

In the video, large-caliber guns can be heard rattling as vehicles maneuver through urban streets.

‘There has been a deployment of dozens of Toyotas mounted with heavy machine guns (DShK) and other heavy weapons in Tehran,’ Ali Safavi, a senior official with the National Council of Resistance of Iran (NCRI), told Fox News Digital.

‘They are reportedly being used by elements linked to Lebanese Hezbollah and Iraqi Popular Mobilization Forces (PMF),’ he said.

‘Their commander speaks in Farsi, and these fighters are Iraqi Hashd al-Sha’bi, Popular Mobilization Force and Hezbollah fighters who have joined the IRGC. The IRGC are their commanders, and you can hear them shouting in Farsi.’

According to Safavi, the Iranian regime has increasingly relied on foreign proxy forces to maintain control of the capital.

‘The regime has brought in at least 5,000 foreign elements now from Iraq and Hezbollah to control Tehran,’ he explained.

‘They are guarding the government buildings and the state radio and TV and are using heavy machine guns, which are Russian-made and 50 caliber.’

Safavi added that ‘at night, there are fierce clashes that are ongoing as well as running street battles between the protesters and the special unit forces.’

The footage emerged as the Human Rights Activists News Agency (HRANA) reported what it described as Day 24 of nationwide protests marked by a continued communications blackout.

‘The number of confirmed deaths has reached 4,519, while the number of deaths still under investigation stands at 9,049,’ the agency said, adding that at least 5,811 people have been seriously injured and 26,314 arrested.

HRANA reports also described an overwhelming security presence, particularly with law enforcement, the IRGC, Basij units and plainclothes agents after nightfall, creating what the group called an atmosphere of deterrence and fear.

The first protests began Dec. 28 and rapidly spread nationwide, driven by economic grievances and opposition to clerical rule.

Demonstrations have persisted despite mass arrests, lethal force and internet shutdowns.

‘Sometimes the protesters hold their ground to the gunfire, ammunition and volleys of tear gas,’ Safavi said.

He alleged that IRGC units attacked a hospital in Gorgan, killing wounded patients, stationing snipers on rooftops and firing into surrounding areas.

‘They then took around 76 bodies to a warehouse and are refusing to hand them over to families because the forces want to bury them in secret,’ he claimed.

Supreme Leader Ayatollah Ali Khamenei has repeatedly blamed foreign enemies for unrest while backing the IRGC’s response.

President Trump on Tuesday warned Iran that continued assassination threats from leaders in Tehran would trigger overwhelming retaliation.

‘Anything ever happens, we’re going to blow the whole — the whole country’s going to get blown up,’ Trump told NewsNation.

NCRI President-elect Maryam Rajavi rejected the notion that external military action could topple the regime.

‘A foreign war cannot bring down this regime,’ she said in a statement. ‘What is required is an organized nationwide resistance rooted in active, combat-ready forces inside Iran’s cities to defeat one of the most brutal and repressive apparatuses in the world today — the IRGC.’

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Air Force One was forced to return to Joint Base Andrews shortly after takeoff Tuesday evening with President Donald Trump aboard, the White House said.

The crew experienced a ‘minor electrical issue’ after takeoff at 10:20 p.m. and returned ‘out of an abundance of caution,’ according to White House Press Secretary Karoline Leavitt.

Trump was en route to Davos, Switzerland, to attend the World Economic Forum.

Air Force One landed at Joint Base Andrews at 11:07 pm. The president is expected to board a different aircraft and continue on to Switzerland.

Leavitt joked aboard Air Force One that a Qatari jet sounded ‘much better’ at the moment.

The lights in the press cabin briefly went out after takeoff, reporters on board said.

This is a developing story. Please check back for updates.

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Michigan’s Democratic Gov. Gretchen Whitmer said she believes America is ready for a woman president, pushing back on recent comments by former first lady Michelle Obama, who said U.S. voters were not ready to elect a woman to the White House.

In an interview with NPR released on Tuesday, Whitmer said she has ‘love’ for the former first lady and ‘the last thing I want to do is disagree with her,’ but that she has a different perspective.

‘I think America is ready for a woman president,’ Whitmer said. ‘The question comes down to a choice between two people, and what we saw in this last election, while Kamala Harris didn’t beat President Trump, we saw women get elected across the country.’

‘We saw women win up and down the ballot in hard, important states to win, so I do think there’s an appetite,’ she added. ‘I just, for whatever reason, we have not had a woman president yet. I think we will at some point in the near future.’

The governor cited the election victories last year for Democratic Govs. Abigail Spanberger in Virginia and Mikie Sherill in New Jersey, as well as Sen. Elissa Slotkin, D-Mich., in 2024.

In November, Obama said Americans are ‘not ready’ to elect a woman to the White House, pointing to former Vice President Kamala Harris’ election loss to President Donald Trump in the last presidential election.

‘As we saw in this past election, sadly, we ain’t ready,’ the former first lady said at the Brooklyn Academy of Music at the time while promoting her book, ‘The Look.’

‘That’s why I’m like, don’t even look at me about running, because you all are lying. You’re not ready for a woman. You are not … We’ve got a lot of growing up to do, and there’s still, sadly, a lot of men who do not feel like they can be led by a woman, and we saw it,’ she added.

Pressed on whether Harris lost to Trump in the presidential election because she is a woman, Whitmer responded: ‘I don’t think it was just gender, no.’

Whitmer, who is term limited and cannot seek a third term as governor, said she does not currently have plans to run for another office.

She has been floated as a potential presidential candidate in 2028, but the governor said her focus remains on serving Michigan and helping her party’s candidates win the upcoming midterm elections.

Asked about how Democrats could win in the midterms this year, Whitmer pointed to her gubernatorial campaign’s decision to remain ‘focused on the fundamentals.’

‘I don’t think Michigan is unique in that,’ Whitmer said. ‘I think every person in this country wants and expects government to make their lives better, and so that’s been our formula here in Michigan and I think that can be replicated everywhere successfully.’

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Israeli Prime Minister Benjamin Netanyahu said Wednesday he would join President Donald Trump’s new Board of Peace, after previously criticizing the makeup of its executive committee.

Netanyahu confirmed that he would join the newly established Board of Peace, which the Trump administration says will supervise the next phase of the Gaza peace plan.

The Israeli prime minister’s announcement comes after he initially pushed back on Trump’s proposal, following the inclusion of Turkey’s Foreign Minister Hakan Fidan and Qatari diplomat Ali Al-Thawadi as appointed members to a separate ‘Gaza Executive Board.’

Netanyahu’s office said that move was not coordinated with Israel and ‘runs contrary to its policy.’

The announcement coincides with Trump’s trip to the World Economic Forum meeting in Davos, Switzerland, where he is expected to provide more details about the board. Fox News confirmed that the president is planning to arrange a signing ceremony for the Gaza Board of Peace during his visit.

On Tuesday, when asked if the board should replace the United Nations, Trump said, ‘It might.’

Trump said that the world body ‘hasn’t been very helpful’ and ‘has never lived up to its potential,’ but added that the U.N. should continue to exist ‘because the potential is so great.’

On Jan. 16, the White House said the Board of Peace will play an ‘essential role’ in carrying out all 20 points of the president’s Gaza plan, including providing strategic oversight, mobilizing international resources and ensuring accountability as Gaza transitions from conflict to peace and development.

Dozens of countries have been invited, with notices going out over the weekend, according to officials, including Belarus, China, Ukraine, India, Canada, Argentina, Jordan, Egypt, Hungary, and Vietnam, among others.

Others, including the executive arm of the European Union, confirmed that they have received invitations, but have not responded.

On Monday, Trump confirmed that Russian President Vladimir Putin received an invitation to join the new board.

The Kremlin said Putin had received the invitation and was ‘studying the details,’ adding it will seek clarity on ‘all the nuances’ in communications with the U.S. government.

France also received an invitation, but does not plan to join ‘at this stage,’ according to a French official close to President Emmanuel Macron.

The White House has said Trump will chair the Board of Peace and be joined by senior political, diplomatic and business figures, including Jared Kushner, Secretary of State Marco Rubio, U.S. special envoy Steve Witkoff, and billionaire Marc Rowan.

Fox News Digital’s Landon Mion, Ashley Carnahan, Gillian Turner and The Associated Press contributed to this report.

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Bayan Mining and Minerals Ltd (ASX: BMM; ‘BMM’ or ‘the Company’) is pleased to report significant high-grade rare earth element (REE) results from follow- up surface geochemical sampling at its 100% owned Desert Star Project, located in San Bernardino County, California, USA.

Highlights

  • Substantial Increase in Surface REE Grades: Follow-up surface sampling returned materially higher total rare earth oxide (TREO) grades than the reported in Phase 1 reconnaissance program. The stand out results up to:
Surface Samples

  • 66,810 ppm TREO (Sample 19583)
  • 6,220 ppm TREO (Sample 19593)
  • 5,458 ppm TREO (Sample 19594)
  • 4,979 ppm TREO (Sample 19544)
  • 4,551 ppm TREO (Sample 19569)
Heavy Minerals Concentrate Samples

  • 91,092 ppm TREO (Sample 19597)
  • 34,330 ppm TREO (Sample 19598)
  • 8,793 ppm TREO (Sample 19509)
  • 6,632 ppm TREO (Sample 19513)
  • 2,796 ppm TREO (Sample 19511)
  • Multi-Media Confirmation of Mineralisation: Elevated TREO across both surface and heavy mineral concentrate samples confirm a robust primary REE source with effective secondary dispersion into local drainage systems.
  • Favourable Geological Controls: Sampling targeted structurally controlled, oxidised pegmatitic and gneissic lithologies with carbonate veining, brecciation and Fe-oxide alteration, consistent with REE-hosting systems recognised within the Mountain Pass district.
  • High Priority Targets Defined: Integrated desktop and geophysical studies have already delineated four coherent high-priority REE targets, supported by geophysics and geochemical signatures consistent with carbonatite-hosted systems.
  • Approved Plan of Operation: The U.S. Bureau of Land Management (BLM) has approved the Plan of Operations (PoO) for the Desert Star Project, providing regulatory clearance to advance field activities and progress toward drilling.
  • Strong Phase 1 Results Provide Foundation: Initial reconnaissance sampling returned outstanding results, including: 7,841 ppm TREO (Sample ID 19415), 4,097 ppm TREO (Sample 19378), 3,443 ppm TREO (Sample 19411), 3,443 ppm TREO (Sample 19413), 2,986 ppm TREO (Sample 19366) and 2,828 ppm TREO (Sample 19355) at the Desert Star Project (see ASX Announcement dated 1 September 2025).
  • Strategic Location of Desert Star Projects:Bayan’s Desert Star Project is strategically located just 4.5 km northeast of MP Materials’ Mountain Pass REEMine1 one of the largestand highest-grade rare earth operations globally. Desert Star North Projectlies only 3 km north of the Dateline Resources’ Colosseum Gold Mine2.Both properties are located within the same regional corridor and sharestructural and geological characteristics with the globally significantMountain Pass REE Mine.

The Phase 2 surface sampling program was designed to infill and extend anomalous areas identified during the Phase 1 initial reconnaissance campaign and to test priority structural corridors defined from earlier surface sampling and geophysical datasets. The results demonstrate a clear increase in grade tenor relative to Phase 1 and further validated Desert Star as a prospective REE zones system located within one of the world’s premier rare earth district.

A total of 73 rock chip samples and 56 heavy mineral concentrate samples were collected during the phase 2 program. Assay results demonstrate a clear increase in grade tenor relative to Phase 1 results, with values returning up to 66,816 ppm TREO (6.6%) from rock chip samples and up to 91,101 ppm TREO (9.1%) from heavy mineral concentrate samples.

Click here for the full ASX Release

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Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, shares his outlook for oil and natural gas in 2026, emphasizing that he remains bullish on both.

However, he’s looking at different timelines — he sees natural gas as a more immediate story, while oil is likely to pick up in the second half of the year.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Experienced and novice investors alike may want to consider pharmaceutical exchange-traded funds (ETFs) as a way to gain exposure to the top pharma companies and the pharma market as a whole.

Like all ETFs, pharmaceutical ETFs are a good option for those who want to trade a set of assets in the pharmaceutical industry instead of focusing solely on individual pharmaceutical stocks.

The main advantage of a pharmaceutical ETF is the fact that it can provide exposure to an overarching sector, but still trades like a stock. Pharma ETFs also offer lower volatility than pharma stocks as, even if a few stocks dip or gain significantly, the overall fund will often be moderated by other holdings.

Big Pharma ETFs

Many of these funds have diverse holdings across some of the most important sectors in the pharmaceutical industry, including pain therapeutics, oncology, vaccines and biotechnology. Data was gathered on January 15, 2026.

1. VanEck Pharmaceutical ETF (NASDAQ:PPH)

Total assets under management: US$1.2 billion
Expense ratio: 0.36 percent

Established in late 2011, the VanEck Pharmaceutical ETF tracks the MVIS US Listed Pharmaceutical 25 Index. It has the capacity to provide big returns, even though there are some risks attached to the ETF. An analyst report indicates that investors looking for ‘tactical exposure’ to the pharma sector might consider this ETF as an investment option.

The ETF has 26 holdings, with the top five being Eli Lilly (NYSE:LLY), Novartis (NYSE:NVS), Merck & Company (NYSE:MRK), Novo Nordisk (NYSE:NVO) and Bristol-Myers Squibb (NYSE:BMY).

2. iShares US Pharmaceuticals ETF (ARCA:IHE)

Total assets under management: US$959.17 million
Expense ratio: 0.38 percent

Created on May 5, 2006, the iShares US Pharmaceuticals ETF tracks some of the top US pharma companies. In total, the iShares US Pharmaceuticals ETF has 45 holdings, with the vast majority being large-cap stocks.

Of its holdings, Johnson & Johnson (NYSE:JNJ) and Eli Lilly are by far the largest portions in its portfolio, combining for about 45 percent, followed by Merck & Co, Bristol-Myers Squibb and Zoetis (NYSE:ZTS).

3. Invesco Pharmaceuticals ETF (ARCA:PJP)

Total assets under management: US$385.21 million
Expense ratio: 0.57 percent

The Invesco Pharmaceuticals ETF is primarily focused on providing exposure to US-based pharma companies. An analyst report states that this ETF chooses individual securities based on an array of investment criteria, some of which are stock valuation and risk factors.

This ETF was started on June 23, 2005, and currently tracks 31 companies. Its top holdings are Merck & Co, Johnson & Johnson, Eli Lilly, Pfizer (NYSE:PFE) and Abbott Laboratories (NYSE:ABT).

4. State Street SPDR S&P Pharmaceuticals ETF (ARCA:XPH)

Total assets under management: US$234.14 million
Expense ratio: 0.35 percent

The State Street SPDR S&P Pharmaceuticals ETF came into the market on June 19, 2006, and represents the pharmaceutical sub-industry sector of the S&P Total Market Index (INDEXSP:SPTMI).

This pharma ETF tracks 52 holdings, with relatively close weighting among its holdings, a fact that sets it apart from other entries on this list. XPH’s top five holdings are MBX Biosciences (NASDAQ:MBX), Mind Medicine (NASDAQ:MNMD), Organon & Co (NYSE:OGN), Axsome Therapeutics (NASDAQ:AXSM) and Liquidia (NASDAQ:LQDA).

5. KraneShares MSCI All China Health Care Index ETF (ARCA:KURE)

Total assets under management: US$86.81 million
Expense ratio: 0.65 percent

The KraneShares MSCI All China Health Care Index ETF was launched in February 2018 and tracks an index of large- and mid-cap Chinese stocks in the healthcare sector, all weighted by market capitalization.

The ETF tracks 50 holdings, and its top five are BeOne Medicines (NASDAQ:ONC), Jiangsu Hengrui Medicine (SHA:600276), WuXi Biologics (HKEX:2269), Innovent Biologics (HKEX:1801) and Akeso (HKEX:9926).

Securities Disclosure: I, Melissa Pistilli, hold no investment interest in any of the companies mentioned in this article.

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European Lithium Ltd (ASX: EUR, FRA: PF8, OTC: EULIF) (“European Lithium” or the “Company”) advises that it has completed a sale of 5 million ordinary shares in Critical Metals Corp. (NASDAQ: CRML). BMO Capital Markets Corp. helped facilitate the transaction by acting in a market maker capacity pursuant to the affiliate provisions of Rule 144.

The transaction will generate net proceeds of approximately A$124 million to EUR, therefore increasing the Company’s cash reserves to A$322m.

Following the transaction EUR will still hold 48,036,338 ordinary shares in CRML. Based on the closing share price of CRML (being US$17.17 per share as of 20 January 2026), the Company’s current investment is valued at US$824,783,923 (A$1,228,928,046) noting that this valuation is subject to fluctuation in the daily share price movement of CRML.

Tony Sage, Executive Chairman of European Lithium, commented “This transaction again proves our investment in the Tanbreez project has been a huge success and hopefully the EUR share price should finally reflect its true asset value. The sale will also provide EUR with additional financial flexibility while maintaining a significant exposure to CRML. The proceeds will further strengthen our balance sheet and positions the Company to continue advancing its core projects, look for new opportunities or return capital to shareholders.”

About European Lithium

European Lithium Limited is an exploration and development stage mining company focused on lithium assets in Austria, Ukraine, and Ireland. It also has significant holdings in CUFE Ltd ( copper/ gold / bismuth) in the Northern Territory, MOAB (uranium in Tanzania), Cyclone Metals Ltd ( Iron Bear Project in Canada) and a direct 7.5% stake in the Tanbreez rare earth project in Greenland.

For more information, please visit https://europeanlithium.com.

About Critical Metals Corp.

Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next-generation technologies for Europe and its Western world partners. Its flagship Project, Tanbreez, is one of the world’s largest, rare- earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean.

Another key asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable asset in an expanding geostrategic critical metals portfolio. With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, the clean energy transition, and next-generation technologies in the western world.

For more information, please visit https://criticalmetalscorp.com/.

Click here for the full ASX Release

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Canadian oil and gas stocks have faced a rollercoaster ride over the past few years.

However, analysts remain optimistic about the global oil sector. The top oil and gas stocks on the TSX and TSXV have been posting gains despite volatile market conditions, and many companies offer strong payouts for dividend investors.

Canadian energy stocks that pay dividends — a portion of corporate profits shared on a specific timeline — are attractive to those who prefer a long-term approach to wealth creation. Dividend investing allows for a steady flow of income and the opportunity to increase equity holdings.

Investors should look for stocks with high dividend yields, which is based on annual dividend income per share divided by price per share. For example, if a dividend stock has a share price of C$10.00 and pays a C$0.25 dividend every quarter, it has a dividend yield of 10 percent. Of course, as share prices fluctuate, so too will dividend yields, so investors should perform due diligence when choosing which company to invest in.

The ability to offer a dividend payment points to the financial health of a company, making it a point of pride for companies in the oil and gas industry.

1. InPlay Oil (TSX:IPO)

Dividend yield: 12.4 percent
Debt-to-equity ratio: 0.61
Market cap: C$343.25 million

InPlay Oil is an oil and natural gas company with operations concentrated in West Central Alberta, Canada.

In its financial and operating highlights for its Q3 period ending September 30, 2025, the company reported that its average production for the quarter was above expectations at 18,970 barrels of oil equivalent per day (boe/d), more than double its average output of 8,206 boe/d in the third quarter of the previous year.

InPlay will pay a monthly dividend of C$0.09 per share on January 30, 2026, to shareholders of record as of January 15.

2. Meren Energy (TSX:MER)

Dividend yield: 11.3 percent
Debt-to-equity ratio: 0.41
Market cap: C$1.21 billion

Meren Energy is an full-cycle exploration and production oil and gas company with offshore assets in Nigeria, Namibia, South Africa and Equatorial Guinea. This includes interests in producing and development assets in Nigeria operated by oil majors.

For the period ending September 30, 2025, Meren reported average daily working interest and entitlement production of 31,100 boe/d and 35,600 boe/d respectively, which the company said was in line with its expectations.

Meren Energy paid a quarterly dividend of US$0.0371 per share on December 9, 2025, to shareholders of record at the close of business on November 21, 2025.

3. Alvopetro Energy (TSXV:ALV)

Dividend yield: 8.63 percent
Debt-to-equity ratio: 0.08
Market cap: C$236.92 million

Alvopetro Energy is an oil and gas exploration and production company with assets in Brazil and Canada.

In its financial and operating highlights for the period ending September 30, 2025, the company reported average daily sales of 2,343 boe/d. Its sales were up 11 percent from Q3 2024 and down 4 percent from Q2 2025.

Alvopetro Energy paid a base quarterly dividend of US$0.10 per common share and a special dividend of US$0.02 per common share on January 15, 2026, to shareholders of record at the close of business on December 31, 2025.

4. Parex Resources (TSX:PXT)

Dividend yield: 8.63 percent
Debt-to-equity ratio: 0.01
Market cap: C$1.72 billion

Parex Resources is the largest independent oil and gas exploration and production company in Colombia.

For the period ending September 30, 2025, Parex reported average oil and natural gas production of 43,953 boe/d, up 3 percent compared to the prior quarter and down 7.6 percent year-over-year. Production rose further in October, averaging 49,300 boe/d, which the company said supports it reaching its full year 2025 average production guidance of 43,000 to 47,000 boe/d.

Parex paid a quarterly dividend of C$0.385 per share on December 15, 2025, to shareholders of record on December 8, 2025.

5. Cardinal Energy (TSX:CJ)

Dividend yield: 8.54 percent
Debt-to-equity ratio: 0.24
Market cap: C$1.36 billion

Last on this list of top Canadian oil and gas dividend stocks is Cardinal Energy is an oil-focused company with operations centered on low-decline light, medium and heavy oil in Alberta and Saskatchewan, Canada. It also produces liquid and conventional natural gas.

Cardinal reported that its Q3 2025 production totaled 20,772 boe/d, down 2 percent from the same quarter in the previous year as the company continued to focus its capital on completing the Reford thermal project. The project has since entered production.

Cardinal Energy will pay a monthly dividend of C$0.06 per share on February 17, 2026, to shareholders of record on January 30, 2026.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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