Cenovus Energy Inc.
The benchmark crude oil price has jumped roughly 31% in the past year, from $75 U.S. a barrel to $98 U.S. That’s due to several factors, including COVID-19 lockdowns in China and sanctions on oil exports from Russia because of its war on Ukraine.
At the same time, these four leading oil and gas producers are pointing to increasingly stringent environmental regulations as a challenge to expanding their production....
CENOVUS ENERGY, $26.18, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $51.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 1.6%; www.cenovus.com) has agreed to buy the 50% of the Sunrise oil sands property in northern Alberta that it doesn’t already own from U.K.-based oil giant BP plc (New York symbol BP).
In exchange, Cenovus will pay $600 million in cash, plus up to an additional $600 million over the next two years....
TELUS CORP., $28.69, Toronto symbol T, is a buy.
The company is Canada’s second-largest wireless carrier, with 11.48 million users. That’s just behind BCE’s Bell Mobility (with 11.79 million users) and ahead of Rogers Communications (10.06 million users)....
The company is Canada’s second-largest wireless carrier, with 11.48 million users. That’s just behind BCE’s Bell Mobility (with 11.79 million users) and ahead of Rogers Communications (10.06 million users)....
3M COMPANY, $137.65, New York symbol MMM, remains a buy.
The company makes over 60,000 consumer and industrial goods, including air purifiers, adhesives, bandages and components for medical devices. Investors tap its main brands, including Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate insulation.
3M last raised its quarterly dividend with the March 2022 payment....
The company makes over 60,000 consumer and industrial goods, including air purifiers, adhesives, bandages and components for medical devices. Investors tap its main brands, including Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate insulation.
3M last raised its quarterly dividend with the March 2022 payment....
CANADIAN PACIFIC RAILWAY LTD., $94.69, Toronto symbol CP, is your #1 Conservative Buy for 2022.
CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.
The company has formed a new alliance with French container shipping firm CMA CGM Group.
Under this multi-year pact, CP will be the primary rail carrier for CMA CGM’s freight through the ports of Vancouver, Montreal and Saint John, New Brunswick....
CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.
The company has formed a new alliance with French container shipping firm CMA CGM Group.
Under this multi-year pact, CP will be the primary rail carrier for CMA CGM’s freight through the ports of Vancouver, Montreal and Saint John, New Brunswick....
CENOVUS ENERGY, $25.70, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $49.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 1.6%; www.cenovus.com) completed its acquisition of rival oil producer Husky Energy in January 2021.
The combined firm is now Canada’s third-largest producer of oil and natural gas, and the country’s second-largest refiner.
Cenovus’s production in the three months ended March 31, 2022 rose 3.8%, to 798,600 barrels a day (82% oil, 18% natural gas) from 769,300....
The combined firm is now Canada’s third-largest producer of oil and natural gas, and the country’s second-largest refiner.
Cenovus’s production in the three months ended March 31, 2022 rose 3.8%, to 798,600 barrels a day (82% oil, 18% natural gas) from 769,300....
CANADIAN PACIFIC RAILWAY LTD., $93.97, Toronto symbol CP, is your #1 Conservative Buy for 2022.
CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.
The company is now in the process of merging with U.S.-based railway Kansas City Southern....
CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.
The company is now in the process of merging with U.S.-based railway Kansas City Southern....
CENOVUS ENERGY INC., $22.12, Toronto symbol CVE, remains a buy for long-term gains.
On January 1, 2021, the company completed its acquisition of rival oil producer Husky Energy Inc. (Toronto symbol HSE) in a friendly all-stock takeover.
The combined firm is now Canada’s third-largest producer of oil and natural gas, and the country’s second-largest refiner.
Cenovus announced this week that it would end its oil hedging program, which it uses to pre-sell its future production at a set price....
On January 1, 2021, the company completed its acquisition of rival oil producer Husky Energy Inc. (Toronto symbol HSE) in a friendly all-stock takeover.
The combined firm is now Canada’s third-largest producer of oil and natural gas, and the country’s second-largest refiner.
Cenovus announced this week that it would end its oil hedging program, which it uses to pre-sell its future production at a set price....
CENOVUS ENERGY INC. $21 is a buy. The company (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 2.0 billion; Market cap: $42.0 billion; Price-to-sales ratio: 0.9; Dividend yield: 0.7%; TSINetwork Rating: Extra Risk; www.cenovus.com) plans to cut its annual greenhouse gas emissions 35% by the end of 2035 compared to 2019 levels....
A: Ninepoint Energy Fund is a mutual fund that holds a portfolio of mid-cap energy companies.
Prior to March 12, 2018, the mutual fund was called the Sprott Energy Fund.
Ninepoint Energy Fund invests primarily in equity and equity-related securities of mid-tier companies that are involved in the exploration, development, production and distribution of oil, gas, coal, uranium or other related activities in the energy and resource sector.
The fund’s current top holdings are Arc Resources, Baytex Energy, Cardinal Energy, Cenovus Energy, Enerplus, Headwater Exploration, Meg Energy, Nuvista Energy, Tamarack Valley Energy, and Whitecap Resources.
Ninepoint is managed by Eric Nuttall, who feels that his numerous company relationships in the energy industry are a big plus.
The fund gained a whopping 242.5% over the last year along with a jump in oil and gas prices....
Prior to March 12, 2018, the mutual fund was called the Sprott Energy Fund.
Ninepoint Energy Fund invests primarily in equity and equity-related securities of mid-tier companies that are involved in the exploration, development, production and distribution of oil, gas, coal, uranium or other related activities in the energy and resource sector.
The fund’s current top holdings are Arc Resources, Baytex Energy, Cardinal Energy, Cenovus Energy, Enerplus, Headwater Exploration, Meg Energy, Nuvista Energy, Tamarack Valley Energy, and Whitecap Resources.
Ninepoint is managed by Eric Nuttall, who feels that his numerous company relationships in the energy industry are a big plus.
The fund gained a whopping 242.5% over the last year along with a jump in oil and gas prices....