CRESCENT POINT ENERGY CORP. $44.35 (Toronto symbol CPG; Shares outstanding: 277.9 million; Market cap: $12.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.2%; www.crescentpointenergy.com) produces oil and natural gas in western Canada. Its production is weighted 90% toward oil and 10% to gas.
The company continues to focus on its Bakken light-oil development in southeastern Saskatchewan. For all of 2011, Crescent …read more »
ENCANA CORP. $20.55 (Toronto symbol ECA; Shares outstanding: 737.6 million; Market cap: $15.2 billion; TSINetwork Rating: Average; Dividend yield: 3.8%; www.encana.com) has agreed to sell some of its natural gas properties in the Barnett Shale area of northern Texas to EnerVest Ltd. for $975 million (all amounts except share price and market cap in U.S. dollars).
The sale is part of …read more »
In September, gold hit an all-time high of $1,900.30 U.S. an ounce. It now trades at around $1,750.30 U.S. Silver reached an all-time high in April, when it hit $49.76 U.S. an ounce. It has since pulled back to today’s price of $33.07 U.S.
Gold and silver could well regain their highs and move up even further over the longer term, …read more »
TRANSCANADA CORP. $42.88 (Toronto symbol TRP; Shares outstanding: 704.0 million; Market cap: $30.2 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.transcanada.com) has agreed to reroute its proposed Keystone XL oil pipeline around an environmentally sensitive aquifer in Nebraska’s Sandhills region. The state government will work closely with TransCanada to find an acceptable route. That should speed up the environmental …read more »
Encana (which focuses on natural gas) and Cenovus (which focuses on oil) took their present form in December 2009 following the breakup of the old EnCana Corp. New shale gas discoveries have pushed down gas prices. That has hurt the new Encana. Cenovus has fared better, due to stronger oil prices. We still see both as buys due to their …read more »
BHP BILLITON LTD. ADRs $64 (New York symbol BHP; Conservative Growth Portfolio, Resources sector; ADRs outstanding: 2.7 billion; Market cap: $172.8 billion; Price-to-sales ratio: 2.4; Dividend yield: 2.9%; TSINetwork Rating: Average; www.bhpbilliton.com) plans to spend $4.5 billion in 2012 to develop its North American shale gas properties. This spending will rise to $5.5 billion a year by 2015, and to …read more »
DELPHI ENERGY $2.20 (Toronto symbol DEE; TSI Network Rating: Speculative) (403-265-6171; www.delphienergy.ca; Shares outstanding: 119.2 million; Market cap: $262.2 million; No dividends paid) explores for oil and natural gas in Alberta and B.C. The company is now focusing on its Bigstone, Hythe and Wapiti/Gold Creek properties in northwestern Alberta.
Gas makes up 72% of Delphi’s daily output; the remaining 28% is …read more »
SHERRITT INTERNATIONAL $5.45 (Toronto symbol S; TSINetwork Rating: Speculative) (1-800-704-6698; www.sherritt.com; Shares outstanding: 296.4 million; Market cap: $1.6 billion; Dividend yield: 2.8%) reports that its earnings per share jumped 114.3% in the three months ended September 30, 2011, to $0.15 from $0.07.
Revenue rose 13.0%, to $466.4 million from $412.7 million a year earlier. The improved results were mainly due to …read more »
Pat McKeough responds to many personal questions on stocks and other investment topics from the members of his Inner Circle. Every week, his comments and recommendations on a selection of the most intriguing questions of the past week go out to all Inner Circle members. And every Friday, we offer you one of the highlights from these Q&A sessions.
This week, …read more »
New technologies are helping to unlock the vast reserves of the oil sands and shale-gas fields in North America. However, the extra production could hold back oil and natural gas prices.
That’s why we feel it’s a great time to own our favourite integrated oil producer Imperial Oil. Besides drilling for oil, Imperial also owns refineries which convert crude oil into …read more »
Commodities include raw materials, like oil, copper, tin and aluminum, as well as agricultural products, such as cocoa, coffee and sugar. Most, if not all, non-professionals who get directly involved in trading commodity investments wind up losing money. That’s why Pat McKeough believes the best way to invest in, and profit from, commodities is by purchasing commodity stocks. Commodity stocks are shares of well-established companies that will benefit from a rise in commodity prices.
Our free report reveals how you can increase your profits — and cut your risk — in commodity investments: Commodity Investments: Fertilizer Stocks and Potash Stocks That Will Profit from Rising Food Demand
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