Cenovus Energy Inc.
A holding company discount represents a great hidden opportunity for investor profit despite limited understanding of this phenomenon.
The shares of oil and gas stocks remain high as energy demand stays strong. Still, to cut risk, stick with producers that have positive cash flow even in times of low energy prices. Here are two that should meet that requirement. Moreover, they pay solid dividends.
CENOVUS ENERGY, $19.39, is a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 1.8 billion; Market cap: $35.2 billion; TSINetwork Rating: Average; Dividend yield: 4.1%; cenovus.com) is now Canada’s third-largest producer of oil and natural gas after Canadian Natural Resources and Suncor....
Top pick Cenovus Energy Inc. is trading cheaply and offering a high 4.3% yield as production rises and new projects will drive growth even higher this year.
Despite the negative impact of U.S. tariffs on Canadian oil imports, the long-term outlook for Cenovus is bright. The company’s high-quality reserves will last 29 years, and its rising production will give it more cash to reward shareholders with higher dividends and share buybacks.
CENOVUS ENERGY INC....
CENOVUS ENERGY INC....
CANADIAN TIRE CORP., $177.30, Toronto symbol CTC.A, is a buy.
The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....
The company operates 502 Canadian Tire stores, which sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....
The long-term push to sharply cut oil and gas use—including through renewable power generation and electric vehicles (EVs)—will continue. But at the same time, it’s clear that there will be a continuingly prominent role for oil and gas for some time. That means top oil and gas firms will keep profiting—and paying high dividends.
Here are three ETFs that focus on the traditional sources of energy....
Here are three ETFs that focus on the traditional sources of energy....
The shares of oil and gas stocks remain high as energy demand stays strong. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio—despite tariffs. Still, to cut risk, stick with producers that have positive cash flow even in times of low energy prices....
LOBLAW COMPANIES LTD., $175.89, Toronto symbol L, is a buy.
The company operates 1,131 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.
In March 2014, it purchased the Shoppers Drug Mart chain for $12.3 billion in cash and shares....
The company operates 1,131 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.
In March 2014, it purchased the Shoppers Drug Mart chain for $12.3 billion in cash and shares....
Cenovus Energy keeps rewarding shareholders with dividends and stock buybacks as it looks to boost production & performance on the back of a strong balance sheet.