cenovus energy
Cenovus Energy Inc. is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta. Its offices are located at Brookfield Place, having completed a move from the neighbouring Bow in 2019.
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TC ENERGY INC., $49.10, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.0 billion; Market cap: $48.9 billion; TSINetwork Rating: Above Average; Dividend yield: 7.6%; www.tcenergy.com.) has proposed building a new pumped storage hydro power project near Meaford, Ontario....
ROYAL BANK OF CANADA, $121.02, Toronto symbol RY, is a buy.
The bank continues to benefit from higher interest income on its loans due to higher interest rates. As well, it cut the number of full-time employees by 1% in the latest quarter, and it plans to further reduce headcount by 1% to 2% in the current quarter.
In its 2023 third quarter, ended July 31, 2023, Royal’s earnings before unusual items rose 11.4%, to $2.84 a share (or a total of $3.96 billion) from $2.55 a share (or $3.56 billion) a year earlier....
The bank continues to benefit from higher interest income on its loans due to higher interest rates. As well, it cut the number of full-time employees by 1% in the latest quarter, and it plans to further reduce headcount by 1% to 2% in the current quarter.
In its 2023 third quarter, ended July 31, 2023, Royal’s earnings before unusual items rose 11.4%, to $2.84 a share (or a total of $3.96 billion) from $2.55 a share (or $3.56 billion) a year earlier....
Oil prices shot up to over $120 U.S. a barrel in the wake of Russia’s invasion of Ukraine but have since eased to around $84 U.S. Despite that drop, Cenovus continues to pay down its debt. That improving balance sheet also sets you up for even higher dividends and buybacks, even if oil falls to $45 U.S.
CENOVUS ENERGY INC....
CENOVUS ENERGY INC....
CANADIAN PACIFIC KANSAS CITY LTD., $109.93, Toronto symbol CP, is your #1 Conservative Buy for 2023.
The company took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. completed its acquisition of U.S.-based railway Kansas City Southern.
CP paid $31 billion U.S....
The company took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. completed its acquisition of U.S.-based railway Kansas City Southern.
CP paid $31 billion U.S....
We feel all investors should maintain some exposure to oil and gas—and here are two Canadian leaders we think have lots of growth ahead.
OVINTIV INC., $50.35, is a buy. The energy producer (Toronto symbol OVV; Shares outstanding: 276.3 million; Market cap: $13.7 billion; TSINetwork Rating: Average; Dividend yield: 3.2%) operates four core properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah)....
OVINTIV INC., $50.35, is a buy. The energy producer (Toronto symbol OVV; Shares outstanding: 276.3 million; Market cap: $13.7 billion; TSINetwork Rating: Average; Dividend yield: 3.2%) operates four core properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah)....
BCE INC., $60.28, Toronto symbol BCE, is a buy.
The company is Canada’s largest traditional telephone service provider. It has 2.19 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also has 4.26 million high-speed Internet users and 2.75 million TV subscribers (satellite and fibre-optic)....
The company is Canada’s largest traditional telephone service provider. It has 2.19 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also has 4.26 million high-speed Internet users and 2.75 million TV subscribers (satellite and fibre-optic)....
CENOVUS ENERGY INC. $24 is a buy. Canada’s third-largest producer of oil and natural gas (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $45.6 billion; Price-to-sales ratio: 0.7; Dividend yield 2.3%; TSINetwork Rating: Average; www.cenovus.com) had to curtail operations at its Rainbow Lake property, 900 kilometres northwest of Edmonton, due to the wildfires in Alberta....
Despite a recent decision by OPEC to cut production, crude oil prices are still down about 10% since the start of 2023. That’s largely due to slowing economic growth in China, even after lifting most COVID-19 restrictions. High interest rates have also increased fears of a slowdown in the U.S....
TECK RESOURCES LTD., $63.11, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.
The company has cancelled its plan to spin off its metallurgical coal (a key ingredient in steelmaking) operations as a separate firm.
That’s due to difficulty securing the required two-thirds approval of the class B shareholders (1 vote per share), particularly as Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF) has offered to acquire the company for about $23 billion U.S....
The company has cancelled its plan to spin off its metallurgical coal (a key ingredient in steelmaking) operations as a separate firm.
That’s due to difficulty securing the required two-thirds approval of the class B shareholders (1 vote per share), particularly as Switzerland-based mining firm Glencore plc (Over-the-counter Pink Sheets symbol GLCNF) has offered to acquire the company for about $23 billion U.S....
TORONTO-DOMINION BANK, $89.05, Toronto symbol TD, is a buy.
In March 2022, TD agreed to acquire U.S. banking firm First Horizon Corporation (New York symbol FHN) for $13.4 billion U.S. The purchase will make TD’s banking operations the sixth largest in the U.S.
TD and First Horizon have agreed to extend the closing date to May 27, 2023....
In March 2022, TD agreed to acquire U.S. banking firm First Horizon Corporation (New York symbol FHN) for $13.4 billion U.S. The purchase will make TD’s banking operations the sixth largest in the U.S.
TD and First Horizon have agreed to extend the closing date to May 27, 2023....