BELLATRIX EXPLORATION $4.31 (Toronto symbol BXE; TSINetwork Rating: Speculative) (403-266-8670; www.bellatrixexploration.com; Shares outstanding: 97.4 million; Market cap: $459.6 million; No dividends paid) produces oil and natural gas in Alberta, B.C. and Saskatchewan. Gas makes up about 62% of its output; the remaining 38% is oil.
In the three months ended June 30, 2011, the company’s production fell 2.9%, to 11,783 barrels …read more »
IMPERIAL OIL $40.61 (Toronto symbol IMO; Shares outstanding: 854.2 million; Market cap: $34.6 billion; TSINetwork Rating: Average; Dividend yield: 1.1%; www.imperialoil.ca) is the largest investor in the Mackenzie pipeline project, which aims to pump natural gas from the Arctic to Alberta. The company owns 34.4% of this project.
Recently, Royal Dutch Shell (New York symbol RDS.A) said it will sell its …read more »
You may think oil is set to rise sharply, due to fast growth in India and China. Or you may think prices could be set to fall, because high oil prices could prompt users to switch to cheaper natural gas. The truth is, no one knows the future direction of oil prices.
That’s why, instead of trying to predict the …read more »
IMPERIAL OIL $45.38 (Toronto symbol IMO; Shares outstanding: 854.2 million; Market cap: $38.7 billion; TSINetwork Rating: Average; Dividend yield: 1.0%; www.imperialoil.ca) is a major integrated-oil company that gets most of its production from its oil-sands projects in Alberta. Imperial also has conventional oil and natural-gas operations in western Canada, and holds interests in offshore projects in Atlantic Canada. The company’s …read more »
Imperial Oil’s large oil and gas reserves will let it grow for decades. To tap into those reserves, Imperial will spend $3.5 billion to $4 billion a year over the next 10 years (for a total of $35 billion to $40 billion). Its cash flow is forecast to be over $3.8 billion this year, so it can meet its spending …read more »
BIRCHCLIFF ENERGY $13.66 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Units outstanding: 127.7 million; Market cap: $1.7 billion: No dividends paid) develops, produces and explores for oil and natural gas, mainly in the Peace River Arch area near the Alberta/B.C. border. About 76% of Birchcliff’s production is natural gas. The remaining 24% is oil.
In the three months ended March …read more »
TRILOGY ENERGY CORP. $23.75 (Toronto symbol TET; TSINetwork Rating: Speculative) (403-290-2900; www.trilogy.com; Shares outstanding: 114.6 million; Market cap: $2.7 billion; Dividend yield: 1.8%) produced an average of 25,362 barrels of oil equivalent per day (including natural gas) in the three months ended March 31, 2011. That was up 9.9% from 23,079 barrels a day a year earlier.
However, cash flow per …read more »
Trilogy Energy Corp., symbol TET on Toronto, owns oil and gas properties in the Kaybob and Grande Prairie areas of central Alberta. About 78% of Trilogy’s production is natural gas. The remaining 22% is oil.
In the three months ended March 31, 2011, Trilogy produced an average of 25,362 barrels of oil equivalent per day (including natural gas). That was up …read more »
CHEVRON CORP. $103 (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 2.0 billion; Market cap: $206.0 billion; Price-to-sales ratio: 1.0; Dividend yield: 3.0%; TSINetwork Rating: Above Average; www.chevron.com) is the second-largest integrated oil company in the U.S., after ExxonMobil Corp. (New York symbol XOM).
Chevron gets 90% of its earnings by producing oil and natural gas. The remaining …read more »
In an effort to dampen speculation, the CME Group, which owns the NYMEX futures exchange, recently raised the minimum amount of money traders must invest when buying crude-oil futures contracts. Even so, we feel oil prices will remain volatile in light of ongoing political unrest in the Middle East.
To lower your risk, we continue to advise that you stick with …read more »