Middle East immunity

Article Excerpt

I think the political turmoil in the Arab world will eventually turn out to be a good thing for the world economy and stock markets. However, it definitely raises the already high political risk for foreign companies, including oil and gas firms, operating in those countries. In Canadian Wealth Advisor, we’ve long emphasized oil and gas stocks with a strong base of growing operations in Canada and the U.S. That not only eliminates political risk, but lets them profit when turmoil elsewhere pushes up oil and gas prices. Here are six top favourites: Encana $31.43, Toronto symbol ECA, is a leading North American natural-gas producer with wells from Texas to B.C.. Buy. Cenovus Energy $38.60, Toronto symbol CVE, operates three oil-sands properties in Alberta, and one in Saskatchewan. Buy. Imperial Oil $51.49, Toronto symbol IMO, is Canada’s largest integrated oil company. All of its operations are in Canada. Buy. Pengrowth Energy $12.56, Toronto symbol PGF, has operations in B.C., Alberta, Saskatchewan and off Canada’s east coast…