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Aggressive investors looking at high-risk stocks to invest in should only allocate a small part of their portfolios to those investments
Kinross Gold Corp. reportssoaring results thanks to higher gold prices and cost controls.
Long-term favourite Suncor Energy Inc. has now earmarked a lot of its growing cash flow for shareholders
ResMed Inc. is a leader in the global sleep apnea device market with a near-monopoly in its niche as its total addressable market keeps expanding.
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SUNCOR ENERGY INC. $34 (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.6 billion; Market cap: $54.4 billion; Price-to-sales ratio: 1.8; Dividend yield: 3.4%; TSINetwork Rating: Average; www.suncor.com) is Canada’s largest integrated oil company. Oil production supplies about 40% of Suncor’s overall revenue. The remaining 60% comes from its four oil refineries (three in Canada and one in Colorado) and 1,500 Petro-Canada gas stations. Suncor gets 66% of its crude from its oil sands projects in northern Alberta. It gets a further 16% from the Syncrude oil sands project north of Fort McMurray. In March 2016, the company completed its all-stock acquisition of Canadian Oil Sands Ltd., which owns 36.74% of Syncrude. If you include Canadian Oil Sands’ debt of $2.6 billion, the total price was $7.1 billion. The company has now agreed to buy an additional 5.0% interest in Syncrude from Murphy Oil Corp. (New York symbol MUR). Suncor will pay $937 million when it completes the purchase in the next few weeks. That will raise its stake in Syncrude to 53.74%....
EMERA INC. $47 (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 148.2 million; Market cap: $6.8 billion; Price-to-sales ratio: 2.5; Dividend yield: 4.0%; TSINetwork Rating: Average; www.emera .com) owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns power utilities in the U.S. and the Caribbean. In September 2015, the company agreed to buy Teco Energy (New York symbol TE). This firm supplies electricity and natural gas to 1.05 million customers in Tampa Bay, Florida. A separate subsidiary distributes gas to 510,000 customers in New Mexico. Emera will pay $10.4 billion U.S., including Teco’s debt. It expects to complete the purchase in mid-2016....
IMPERIAL OIL LTD. $41 (Toronto symbol IMO; Conservative Growth and Income Portfolios, Shares outstanding: 847.6 million; Market cap: $34.8 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.5%; TSINetwork Rating: Average; www.imperialoil.ca) is Canada’s second-largest integrated oil producer after Suncor. The company’s Alberta oil sands operations, including its 25% stake in the Syncrude project, supply 90% of its crude. Imperial also has conventional oil and gas operations in Western Canada, and invests in offshore projects in Atlantic Canada. In addition, it owns three refineries and makes petrochemicals. In March 2016, Imperial agreed to sell its 497 company-owned Esso gas stations to independent operators for $2.8 billion....
CENOVUS ENERGY INC. $19 (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 833.3 million; Market cap: $15.8 billion; Price-to-sales ratio: 1,2; Dividend yield: 1.1%; TSINetwork Rating: Average; www.cenovus.com) gets 30% of its revenue from its Western Canadian oil sands properties and conventional oil and gas wells. Its biggest properties are its 50%-owned Christina Lake and Foster Creek oil sands projects; ConocoPhilips (New York symbol COP) owns the remaining 50%. Refining supplies 70% of Cenovus’s revenue. The company ships its oil to its 50%-owned refineries in Illinois and Texas. Phillips 66 (New York symbol PSX) owns the other 50%....