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Patrick McKeough is one of Canada’s top safe-money advisors. The Wall Street Journal, Forbes and The Hulbert Financial Digest have all recognized his ability to find stocks with hidden value. He is editor and publisher of The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor; inventor of the Quick Profit/Value System and the ValuVesting System™. A best-selling Canadian author, he wrote Riding the Bull, the book that predicted the 1990s stock-market boom.

Pension Fund Pressure a Plus

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PETRO-CANADA $28 (Toronto symbol PCA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 484.6 million; Market cap: $13.6 billion; Price-to-sales ratio: 0.5; SI Rating: Average) has moved up from its low of $20 in November 2008, partly due to growing pressure from the Ontario Teachers’ Pension Plan, which now owns 3.3% of Petro-Canada’s shares.

Ottawa has capped the amount that any single individual can own at 20%, so it’s unlikely that Teachers’ will fully take Petro-Canada over. However, the pension fund will try to persuade the company to work to improve its stock price, possibly by selling its investments in politically risky countries like Libya and Syria. This would free up cash for more promising projects, including Petro-Canada’s Fort Hills oil-sands development.

Petro-Canada is a buy.

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