atco
Rising interest rates have dampened investor enthusiasm for high-yielding utility stocks. That’s because higher rates add to a utility’s interest costs and, at the same time, they increase the appeal of competing bonds by spurring their yields.
However, these four utilities get most of their revenue from rate-regulated businesses....
However, these four utilities get most of their revenue from rate-regulated businesses....
SUNCOR ENERGY INC., $43.04, Toronto symbol SU, remains a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the June 2022 payment, Suncor increased your quarterly dividend by 11.9%....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the June 2022 payment, Suncor increased your quarterly dividend by 11.9%....
SUNCOR ENERGY INC., $45.04, Toronto symbol SU, remains a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
Suncor has agreed to sell its renewable power projects in Alberta and Ontario to Canadian Utilities (see below).
The company will receive $730 million for these assets when it completes the sale in the first quarter of 2023....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
Suncor has agreed to sell its renewable power projects in Alberta and Ontario to Canadian Utilities (see below).
The company will receive $730 million for these assets when it completes the sale in the first quarter of 2023....
EMERA INC., $55.89, Toronto symbol EMA, is a buy.
The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Tampa Electric, which provides electricity to more than 765,000 customers. Its other interests include several power plants and natural gas pipelines in the U.S....
The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Tampa Electric, which provides electricity to more than 765,000 customers. Its other interests include several power plants and natural gas pipelines in the U.S....
TECK RESOURCES LTD., $39.63, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.
The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc....
The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc....
We’ve often pointed out that growth by acquisition is inherently riskier than internal growth since it carries an above-average chance of unpleasant surprises. That’s because a buyer of something rarely knows as much about it as the seller.
Still, some companies handle acquisitions better than others, and successfully integrating those purchases can spur strong growth and share-price gains for their investors.
AltaGas took on a lot of risk with a huge acquisition in July 2018....
Still, some companies handle acquisitions better than others, and successfully integrating those purchases can spur strong growth and share-price gains for their investors.
AltaGas took on a lot of risk with a huge acquisition in July 2018....
Investors fear that rising interest rates will boost the appeal of bonds and hurt the shares of these high-yielding utility stocks. However, bond investors have to treat interest payments they receive as regular income. As a result, they pay higher taxes on their income compared to dividend payments from Canadian firms that qualify for a tax credit....
SUNCOR ENERGY INC., $39.32, Toronto symbol SU, is a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the June 2022 payment, Suncor increased your quarterly dividend by 11.9%....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the June 2022 payment, Suncor increased your quarterly dividend by 11.9%....
OVINTIV INC., $55.74, Toronto symbol OVV, is a buy for long-term gains.
In 2020, Ovintiv became a U.S. company and changed its name from Encana Corp. (old symbol ECA). At the same time, investors received one share of Ovintiv for every five Encana shares they held....
In 2020, Ovintiv became a U.S. company and changed its name from Encana Corp. (old symbol ECA). At the same time, investors received one share of Ovintiv for every five Encana shares they held....
Rising interest rates are generally bad news for utility stocks, as they increase their borrowing costs at the same time they make bonds more attractive to investors who might otherwise invest in utilities. However, steady cash flows from Canadian Utilities’ regulated businesses will let it and parent company ATCO keep raising your dividends.
CANADIAN UTILITIES LTD....
CANADIAN UTILITIES LTD....