Top pick Barrick Mining just raised its dividend a whopping 140% as it generates record earnings and continues its strategic asset reorganization.
Warner Music Group Corp. is well-positioned for higher-margin catalog revenues, added streaming adoption, and new AI monetization opportunities.
ARC Resources keeps returning its cash flow to shareholders through a growing dividend and substantial share buybacks.
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CRESCENT POINT ENERGY $17.64 (Toronto symbol CPG; Shares outstanding: 504.9 million; Market cap: $8.7 billion; TSINetwork Rating: Extra Risk; Dividend y ield: 2.0%; www.crescentpointenergy.com) produces oil and natural gas in Western Canada, with a focus on its Bakken light oil development in southeastern Saskatchewan. Its output is 90% oil and 10% gas. In the three months ended December 31, 2015, Crescent Point’s cash flow fell 13.3%, to $496.7 million from $572.8 million a year earlier. The company raised its daily output by 14.5%, but lower oil and gas prices offset that increase. Cash flow per share dropped 23.4%, to $0.98 from $1.28, because Crescent Point issued shares to pay for acquisitions. They include the $1.5 billion the company paid for Legacy Oil + Gas in June 2015....
ISHARES CHINA LARGE-CAP ETF $33.03 (New York symbol FXI; buy or sell through brokers) is an exchange traded fund that aims to track the Financial Times Stock Exchange (FTSE) China 50 Index, which is made up of the 50 largest, most-liquid Chinese stocks. Top holdings include Tencent Holdings, China Mobile, China Construction Bank, Bank of China and Ping An Insurance. The ETF has an MER of 0.74%. Chinese stocks are down sharply since last summer. National leader Xi Jinping seems focused on shoring up the Communist party and the Chinese stock market, rather than strengthening the Chinese economy. Meanwhile China still has strong long-term growth potential, but needs to get its economy back on track....
PENGROWTH ENERGY $1.54 (Toronto symbol PGF; Shares outstanding: 543.0 million; Market cap: $792.8 million; TSINetwork Rating: Average; No dividends paid; www.pengrowth.com) has moved up on news that prominent Toronto investor Seymour Schulich now owns 14.7% of the company’s shares. That makes him Pengrowth’s largest shareholder. Schulich has a long history of investing in small oil and mining firms. These include a 27.6% stake in Birchcliff Resources (Toronto symbol BIR). Birchcliff is a recommendation of Stock Pickers Digest, our newsletter that focuses on aggressive investments. Schulich’s involvement is likely a plus for Pengrowth. But its shares will need stronger oil prices in order to move higher....
Pennsylvania-based Vanguard Group is one of the world’s largest investment management companies. In all, it administers almost $3 trillion U.S. across 175 mutual funds and ETFs. Generally speaking, Canadians can’t buy units of mutual funds that are registered in the U.S., because they aren’t registered with provincial securities commissions. For that matter, some Canadian funds are only available in a limited number of provinces. Canadians can, however, buy Vanguard exchange traded funds that trade on stock exchanges. Here are two Vanguard ETF we see as low-fee buys....