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Long-time favourite TC Energy Inc. yields 3.9% and generates stable cash flows from almost 94,000 kilometres of natural gas pipelines plus large-scale gas storage and power generation assets.
Stantec Inc. boosts its growth prospects with savvy acquisitions
It is important to note that some types of investments provide more security than others. Investors seeking safe investment options should look for well-established companies with hidden assets among other key characteristics.
Signet Jewelers Ltd. is still subject to changes in consumer confidence, but it’s making smart moves to spur growth
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ALIMENTATION COUCHETARD $63.53 (Toronto symbol ATD.B: TSINetwork Rating: Extra Risk) (1-800-361-2612; www.couchetard. com; Shares outstanding: 567.4 million; Market cap: $35.9 billion; Dividend yield: 0.4%) has agreed to buy Ireland’s Topaz chain. The price was not disclosed but is likely in the $400-million range. Topaz is the country’s leading operator of gas stations and convenience stores. The chain consists of 464 locations across Ireland. This purchase is smaller than Couche-Tard’s $2.7-billion purchase of Norway’s Statoil Fuel & Retail gas station chain in June 2012 and The Pantry, which it bought for $1.7 billion in March 2015. The Pantry operates 1,500 convenience stores in the U.S....
TRILOGY ENERGY CORP. $3.35 (Toronto symbol TET; TSINetwork Rating: Speculative) (403-290-2900; www.trilogyenergy.com; Shares outstanding: 105.4 million; Market cap: $432.8 million; No dividends paid) owns oil and gas properties in central Alberta’s Kaybob and Grande Prairie areas. About 64% of Trilogy’s production is natural gas. The remaining 36% is oil. In the three months ended September 30, 2015, Trilogy produced 25,090 barrels of oil equivalent a day (including gas), down 28.6% from 35,125 barrels a year earlier. However, pipeline outages cut about 2,600 barrels a day from the latest figure. Cash flow per share fell sharply, to $0.18 from $0.69, on the production drop and lower oil and gas prices....
BIRCHCLIFF ENERGY $3.62 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 152.3 million; Market cap: $542.2 million; No dividends paid) develops, produces and explores for oil and gas, mainly in the Peace River Arch area near the Alberta/B.C. border. About 87% of its output is gas. The remaining 13% is oil. In the three months ended September 30, 2015, Birchcliff’s cash flow per share dropped 42.0%, to $0.29 from $0.50 a year earlier. Sharply lower oil and gas prices offset a 12.3% rise in daily production. The company continues to support its cash flow with cost cuts. As well, in response to low prices, Birchcliff cut back on exploration and development spending for 2015. It will likely spend $249 million during the full year, down 45.0% from $451 million in 2014. It hasn’t yet announced its 2016 spending plans....
BROADRIDGE FINANCIAL SOLUTIONS $54.44 New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge.com; Shares outstanding: 118.6 million; Market cap: $6.4 billion; Dividend yield: 2.2%) serves the investment industry in three main areas: investor communications, securities processing and transaction clearing. The company processes 90% of all proxy votes in the U.S. and Canada. Without one-time items, Broadridge earned $39.6 million in its fiscal 2016 first quarter, which ended September 30, 2015. That’s up 7.9% from $36.7 million a year earlier. Earnings per share rose 10.0%, to $0.33 from $0.30, on fewer shares outstanding. Revenue gained 7.0%, to $594.7 million from $555.8 million. The company continues to add new clients and is doing a good job of holding onto existing ones. Recurring fee revenue rose 10.0% in the latest quarter and accounted for 66% of the total....