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Finning and Precision Drilling (see the next article in this issue) serve the cyclical resource sector, which adds risk.
However, both are market leaders, so their customers are unlikely to switch to a competitor. As
well, complex new technologies like hydraulic fracturing, or fracking, and steam-assisted gravity drainage should spur demand for their specialized
gear and services.
FINNING INTERNATIONAL INC. $33 (Toronto …read more »
TELUS CORP. $40 (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 615.5 million; Market cap: $24.6 billion; Price-to-sales ratio: 2.1; Dividend yield: 3.8%; TSINetwork Rating: Above Average; www.telus.com) continues to expand its health care division, which helps doctors, pharmacies and hospitals convert patient records and other information to electronic formats.
The company recently paid an undisclosed …read more »
THOMSON REUTERS CORP. $42 (Toronto symbol TRI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 803.7 million; Market cap: $33.8 billion; Price-to-sales ratio: 2.6; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.thomsonreuters.com) sells information products in four areas: financial (55% of revenue, 37% of earnings); legal (27%, 41%); tax (10%, 12%); and intellectual property and science (8%, 10%). The Americas supply …read more »
IMPERIAL OIL LTD. $56 (www.imperialoil.ca) has begun converting its 95-year-old refinery in Dartmouth, Nova Scotia, into a storage facility for a variety of refined petroleum products, such as gasoline, diesel and home heating oil. It will take several years to compete this conversion, but the refinery was losing money, so this project should boost Imperial’s long-term earnings. Best Buy.
LOBLAW COMPANIES …read more »
We made Bank of Nova Scotia our #1 safety-conscious buy in 2013 and again in 2014. The bank just reported strong quarterly results and raised its dividend. The shares are already up 18.4% this year, but we think they can still go higher.
BANK OF NOVA SCOTIA $72.16 (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $88.0 billion; TSINetwork …read more »
MANULIFE FINANCIAL $22.36 (Toronto symbol MFC; Shares outstanding: 1.9 billion; Market cap: $41.2 billion; TSINetwork Rating: Above Average; Dividend yield: 2.8%; www.manulife.ca) sells insurance, mutual funds and wealth management services. The company operates globally and has $637 billion of assets under management.
The company has just announced strong quarterly results and a 19.2% dividend increase, to $0.155 a share from …read more »
PENGROWTH ENERGY $6.70 (Toronto symbol PGF; Shares outstanding: 527.5 million; Market cap: $3.6 billion; TSINetwork Rating: Average; Divd. yield: 7.2%; www.pengrowth.com) plans to build a 15-kilometre pipeline to pump diluted bitumen from its new Lindbergh oil sands project in Alberta. The new line will connect to a larger one operated by Husky Energy.
The company will spend $20 million on …read more »
Pembina Pipeline and Veresen both trade at high multiples to their per-share cash flow. But both have strong growth prospects and high dividend yields. We think they have further gains ahead.
PEMBINA PIPELINE $52.77 (Toronto symbol PPL; Shares outstanding: 327.0 million; Market cap: $16.8 billion; TSINetwork Rating: Average; Dividend yield: 3.3%; www.pembina.com) owns pipelines that carry half of Alberta’s conventional …read more »
TELUS $39.87 (Toronto symbol T; Shares outstanding: 619.0 million; Market cap: $24.6 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.telus.com) gets 55% of its revenue from its 7.9 million wireless subscribers across Canada. It also has 3.3 million phone customers, 1.4 million high-speed Internet users and 865,000 TV subscribers.
In the three months ended June 30, 2014, Telus’s earnings per …read more »
As demand for traditional phone service declines, AT&T is shifting into faster-growing fields like wireless and fibre optic TV.
On the surface, the company’s recent deal to buy satellite TV provider DirecTV doesn’t seem to fit with that plan. That’s because strong competition from cable operators and online streaming has hurt satellite demand in the past few years.
However, DirecTV …read more »
Conservative investing aims at capital gains with prudent risk. Conservative investors seek to preserve their investment portfolio’s value with lower-risk securities, and often blue chip or large cap equities. For individuals with limited resources, and those approaching retirement age who must be cautious with their nest eggs, Pat McKeough offers well reasoned advice on conservative investing.
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