Cenovus Energy Inc.
In response to weaker oil and natural gas prices, Encana has decided to aggressively expand in the U.S., while Cenovus is cutting its output.
We’re confident that both approaches will pay off. However, Encana’s big, newly announced acquisition increases its risk, which is why the stock dropped sharply on the news....
TORONTO-DOMINION BANK $73.41 (Toronto symbol TD; Shares outstanding: 1.8 billion; Market cap: $134.1 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.td.com) is Canada’s second-largest bank, with total assets of $1.26 trillion.
The bank continues to invest in its digital operations—online and mobile banking.
In Canada, 81% of TD’s clients now process their transactions online or through an ATM....
The bank continues to invest in its digital operations—online and mobile banking.
In Canada, 81% of TD’s clients now process their transactions online or through an ATM....
CENOVUS ENERGY $13.42 (Toronto symbol CVE; Shares outstanding: 1.2 billion; Market cap: $16.5 billion; TSINetwork Rating: Average; Dividend yield: 1.5%; www.cenovus.com) has signed three-year deals with CN Rail (symbol CNR on Toronto) and CP Rail (symbol CP on Toronto) to transport 100,000 barrels per day of crude from Northern Alberta to the U.S....
CENOVUS ENERGY INC. $12 (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.2 billion; Market cap: $14.4 billion; Price-to-sales ratio: 0.7; Dividend yield: 1.7%; TSINetwork Rating: Extra Risk; www.cenovus.com) acquired 100% of its main oil sands properties in Alberta—Christina Lake and Foster Creek—in May 2017....
CENOVUS ENERGY $11.83 (Toronto symbol CVE; Shares o/s: 1.2 billion; Market cap: $14.5 billion; TSINetwork Rating: Average; Dividend yield: 1.7%; www.cenovus.com) acquired 100% of its main oil sands properties in Alberta in May 2017. It did that through the purchase of the 50% stake held by its partner in the project, ConocoPhillips (New York symbol COP), for $17.7 billion in cash and stock.
In the quarter ended June 30, 2018, the company’s cash flow rose 3.9%, to $774 million from $745 million....
In the quarter ended June 30, 2018, the company’s cash flow rose 3.9%, to $774 million from $745 million....
Both crude oil and natural gas prices have moved up since the start of 2018. Still, we feel U.S. sanctions on Iranian oil will further lift oil prices. At the same time, rising North American production of shale natural gas should hurt overall gas prices. Due to those factors, we prefer oil companies like Cenovus over gas producers like Encana.
ENCANA CORP....
ENCANA CORP....
Ottawa’s move to buy the existing Trans Mountain pipeline in order to build its controversial expansion is good news for these three resources companies. Additional capacity to ship crude oil and refined fuels from Alberta to Vancouver should make it easier for producers to service their customers.
For new buying, we prefer Cenovus and Teck over Encana....
For new buying, we prefer Cenovus and Teck over Encana....
We like Encana and Cenovus, mainly due to their high-quality reserves and low operating costs. However, Encana’s exposure to weak gas prices hurts its appeal.
ENCANA CORP. $15 (Toronto symbol ECA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 971.0 million; Market cap: $14.6 billion; Price-to-sales ratio: 3.6; Dividend yield: 0.5%; TSINetwork Rating: Average; www.encana.com) has four key properties: Montney (B.C.), Duvernay (Alberta), and Eagle Ford and Permian (both in Texas)....
ENCANA CORP. $15 (Toronto symbol ECA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 971.0 million; Market cap: $14.6 billion; Price-to-sales ratio: 3.6; Dividend yield: 0.5%; TSINetwork Rating: Average; www.encana.com) has four key properties: Montney (B.C.), Duvernay (Alberta), and Eagle Ford and Permian (both in Texas)....
ENCANA CORP. $13.46 (Toronto symbol ECA; Shares outstanding: 973.1 million; Market cap: $13.5 billion; TSINetwork Rating: Average; Dividend yield: 0.6%; www. encana.com) has four key properties: Montney (B.C.), Duvernay (Alberta), and Eagle Ford and Permian (both in Texas)....
CENOVUS ENERGY INC. $10 (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.2 billion; Market cap: $12.0 billion; Price-to-sales ratio: 0.8; Dividend yield: 2.0%; TSINetwork Rating: Extra Risk; www.cenovus.com) acquired 100% of its main oil sands properties in Alberta—Christina Lake and Foster Creek—in May 2017....