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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ENERFLEX LTD., $11.78 (Toronto symbol EFX; TSINetwork Rating: Extra Risk) (403-387-6377; www.enerflex.com; Shares outstanding: 77.7 million; Market cap: $915.3 million; Dividend yield: 2.4%) rents and sells equipment and services for natural gas production, including compression and processing plants, refrigeration equipment and power generators. The company has a strong position in three fastgrowing markets: U.S. and Canadian shale gas production; Australian natural gas from coal beds; and conventional Middle Eastern natural gas, which is converted to liquefied natural gas (LNG) for shipping. Natural gas prices are low, but companies continue to increase their drilling and production. In the quarter ended September 30, 2012, Enerflex’s revenue jumped 31.0%, to $369.7 million from $282.3 million a year ago. Strong demand from international customers pushed the company’s sales higher....
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....