Cenovus Energy Inc.
Alberta’s new United Conservative government has extended the previous NDP administration’s cap on oil production in the province until the end of 2020. That’s good for investors and the industry.
While output restrictions have lifted the price for Western Canadian oil, a lack of new pipeline capacity continues to limit revenue growth for producers, and gains for investors....
While output restrictions have lifted the price for Western Canadian oil, a lack of new pipeline capacity continues to limit revenue growth for producers, and gains for investors....
FINNING INTERNATIONAL INC., $24, remains an attractive buy for our investors. The company (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 163.3 million; Market cap: $3.9 billion; Price-to-sales ratio: 0.5; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.finning.com) sells and services Caterpillar heavy equipment in Western Canada, South America and the U.K....
Intense competition among traditional supermarket operators has traditionally kept their profit margins low and their success dependent on steady foot traffic. In the last decade, competition from online sellers has only helped to shrink their profit margins....
CENOVUS ENERGY $11.40, is a buy. The company (Toronto symbol CVE; Shares outstanding: 1.2 billion; Market cap: $14.0 billion; TSINetwork Rating: Average; Dividend yield: 2.2%; www.cenovus.com) continues to do a good job of paying down the loans it took out in May 2017 to buy full control of its main Alberta oil sands properties—Christina Lake and Foster Creek.
To address its debt load, the company has sold several less-important properties and aggressively cut its operating costs....
To address its debt load, the company has sold several less-important properties and aggressively cut its operating costs....
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CENOVUS ENERGY INC., $11, is a buy. The company (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.2 billion; Market cap: $13.2 billion; Price-to-sales ratio: 0.6; Dividend yield: 2.3%; TSINetwork Rating: Extra Risk; www.cenovus.com) continues to do a good job paying down the loans it needed to buy full control of its two main Alberta oil sands properties—Christina Lake and Foster Creek.
In 2017, Cenovus paid $17.7 billion in cash and stock for the 50% stake of its former joint-venture partner in those operations, ConocoPhillips (New York symbol COP).
To help pay down its debt, the company has sold several of its less-important properties and aggressively cut its operating costs.
Those moves have let Cenovus slash its long-term debt from $9.5 billion at the end of 2017 to $6.5 billion as of June 30, 2019....
TELUS $47.44 (Toronto symbol T; Shares outstanding: 601.0 million; Market cap: $28.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.telus.com) is Canada’s third-largest wireless carrier after Rogers Communications (No....
Late last year Alberta’s previous NDP government ordered oil producers in the province to cut their total daily output.
The government-imposed reduction was the result of a lack of pipeline capacity that led to a glut of stored crude in the province and helped to push down the price for Western Canadian oil....
The government-imposed reduction was the result of a lack of pipeline capacity that led to a glut of stored crude in the province and helped to push down the price for Western Canadian oil....
The best way to cut your risk when investing in oil and gas stocks is to focus on companies with long-lasting reserves. We also look for producers with low operating costs. That helps them stay profitable when oil prices decline.
We analyze three companies below: Encana and Cenovus offer strong long-term prospects; and while Pengrowth’s focus on its new oil sands project is a plus, its high debt load is a major risk factor.
ENCANA CORP....
We analyze three companies below: Encana and Cenovus offer strong long-term prospects; and while Pengrowth’s focus on its new oil sands project is a plus, its high debt load is a major risk factor.
ENCANA CORP....
CN’s shares have jumped 75% in the past five years, mainly due to the company’s strong focus on efficiency and heavy spending on new locomotives and tracks. Those investments have helped the company handle rising freight volumes of grain, fertilizer and forest products....