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PowerShares Dynamic Healthcare Sector Portfolio ETF, $60.44, symbol PTH on New York (Units outstanding: 4.0 million; Market cap: $241.9 million; www.invescopowershares.com), holds 48 U.S. health care stocks. Its top holdings are Regeneron Pharmaceuticals, Allergan plc, Cooper Cos., Cigna Corp., Medivation Inc., Illumina Inc., Incyte Corp., HCA Holdings, Humana and Sarepta Therapeutics. The fund has a 0.60% MER. PowerShares Dynamic Healthcare Sector Portfolio ETF is okay to hold....
Today, we look at a value stock that has the potential for a strong rebound when oil and gas prices recover. Enerflex, an independent company since it was spun off by Toromont Industries (Toronto symbol TIH) in 2011, is a major supplier of equipment to the natural gas industry. A timely U.S. acquisition in 2014 has helped Enerflex generate positive earnings despite a decline in orders, and also enhances the company’s international growth prospects. And the dividend, which yields 3.2%, appears safe.
ENERFLEX LTD. (Toronto symbol EFX; www.enerflex.com) rents and sells equipment and services for natural gas production, including compression and processing plants, refrigeration gear and power generators.
On June 30, 2014, the company closed its $431- million U.S. acquisition of two businesses owned by privately held Axip Energy Services: an international contract compression and processing subsidiary and a division that provides aftermarket services.
In the three months ended June 30, 2015, Enerflex’s revenue fell 8.3%, to $389.7 million from $424.9 million a year earlier. But earnings per share more than doubled, to $0.34 from $0.15. International contributions from the Axip businesses pushed up earnings and almost offset weaker revenue in the U.S. and Canada. However, falling oil and gas prices are now hurting the company’s orders.
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ENERFLEX LTD. (Toronto symbol EFX; www.enerflex.com) rents and sells equipment and services for natural gas production, including compression and processing plants, refrigeration gear and power generators.
On June 30, 2014, the company closed its $431- million U.S. acquisition of two businesses owned by privately held Axip Energy Services: an international contract compression and processing subsidiary and a division that provides aftermarket services.
In the three months ended June 30, 2015, Enerflex’s revenue fell 8.3%, to $389.7 million from $424.9 million a year earlier. But earnings per share more than doubled, to $0.34 from $0.15. International contributions from the Axip businesses pushed up earnings and almost offset weaker revenue in the U.S. and Canada. However, falling oil and gas prices are now hurting the company’s orders.
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BHP BILLITON LTD. ADRs, $36.69, New York symbol BHP, recently set up its aluminum, manganese, nickel and silver operations, as well as some coal mines, as a new firm called South32. The spinoff leaves BHP focused on four main commodities: iron ore, metallurgical coal, copper and petroleum, at properties in Australia, North America and South America. In its 2015 fiscal year, which ended June 30, 2015, BHP’s revenue fell 21.4%, to $44.6 billion from $56.8 billion in 2014. Earnings dropped 51.6%, to $6.4 billion, or $2.41 per ADR (each American depositary receipt represents two BHP common shares). In 2014, it earned $13.3 billion, or $4.99 per ADR....