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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ARC RESOURCES $16.05 (Toronto symbol ARX; Shares outstanding: 345.1 million; Market cap: $5.7 billion; TSINetwork Rating: Speculative; Dividend yield: 7.5%; www.arcresources.com) produces oil and natural gas in Western Canada. Its average daily output of 107,261 barrels of oil equivalent is 66% gas and 34% oil. In the three months ended September 30, 2015, ARC’s cash flow per share dropped 42.7%, to $0.51 from $0.89 a year earlier. Production fell 7.2%, and its realized oil price fell 43.8%. Gas prices declined 32.1%. Like many oil and gas producers, ARC is cutting exploration and development spending. In 2016, it will devote $550.0 million to this purpose. That’s equal to what it spent in 2015 but down sharply from $945.5 million in 2014....
NEWMONT MINING $18.56 (New York symbol NEM; Shares outstanding: 529.1 million; Market cap: $9.8 billion; TSINetwork Rating: Average; Dividend yield: 0.5%; www.newmont.com) has updated its long-term production goals and operating cost forecasts. The company expects its gold production to rise from 4.7 million to 5.1 million ounces in 2015 to between 5.2 million and 5.7 million ounces in 2017 as it opens new mines. It also recently acquired the Cripple Creek & Victor gold mine in Colorado for $820 million. Newmont’s annual output will likely fall to between 4.5 million and 5.0 million ounces from 2018 to 2020. However, the company could reverse that trend through acquisitions....
Exchange traded funds (ETFs) are set up to mirror the performance of a stock market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index. ETFs trade on stock exchanges, just like stocks. That’s different from mutual funds, which you can only buy at the end of the day at a price that reflects the fund’s value at the close of trading. Prices of ETFs are quoted in newspaper stock tables and online. You pay brokerage commissions to buy and sell them, but their low management fees give them a cost advantage over most mutual funds....
TELUS $37.70 (Toronto symbol T; Shares outstanding: 600.1 million; Market cap: $22.9 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.telus.com) will now face heightened competition in Western Canada from Shaw Communications (Toronto symbol SJR.B) after Shaw’s recent $1.6-billion purchase of wireless carrier Wind Mobile. Wind operates in Ontario, Alberta and B.C. By adding Wind, Shaw will be able to offer wireless service to its customers, in addition to its main cable television, satellite and Internet offerings. Telus already sells similar bundles in Western Canada, so Shaw’s move will increase competition for new customers....