Cenovus Energy Inc.
In addition to Cenovus (see page 21), we also like the outlook for these three leading oil producers. All of them are using their improving cash flows to pay down debt, which helps protect them if crude prices weaken. As well, each is raising its dividend and buying back shares.
SUNCOR ENERGY INC....
SUNCOR ENERGY INC....
Despite volatile crude prices, we continue to advise all investors to maintain some exposure to the oil and gas industry. That advice reflects oil’s huge importance to global economic growth even as governments impose new regulations to cut carbon emissions.
We also recommend investors stick with well-established producers like Cenovus....
We also recommend investors stick with well-established producers like Cenovus....
CP Rail has been one of our favourite stocks over the past two decades. In fact, we made it the #1 Conservative Buy for our flagship newsletter The Successful Investor in 2019, 2020 and 2021. Our confidence has been rewarded: In the past three years, the stock has gained an impressive 88.9% compared to just 41.7% for the S&P/TSX Composite Index.
We feel CP’s merger with U.S.-based railway Kansas City Southern will push the stock even higher over the next few years.
While big takeovers like this always entail risk, the purchase will greatly extend CP’s reach in the U.S....
We feel CP’s merger with U.S.-based railway Kansas City Southern will push the stock even higher over the next few years.
While big takeovers like this always entail risk, the purchase will greatly extend CP’s reach in the U.S....
NUTRIEN LTD., $87.47, Toronto symbol NTR, remains a buy.
The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp. of Saskatchewan (old symbol POT).
Potash Corp....
The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp. of Saskatchewan (old symbol POT).
Potash Corp....
CENOVUS ENERGY, $16.58, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $32.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 0.8%; www.cenovus.com) continues to sell less-important assets to pay down the debt it took on as part of the Husky acquisition.
On January 1, 2021, the Cenovus completed its acquisition of rival oil producer Husky Energy Inc....
On January 1, 2021, the Cenovus completed its acquisition of rival oil producer Husky Energy Inc....
Download our free report and discover 7 stocks due for big gains after investors use tax-loss selling to cut their Canadian capital gains tax.
A: CK Hutchison Holdings (ADR), $6.68, symbol CKHUY on the U.S. Over-the-Counter market (ADRs outstanding: 3.8 billion; Market cap: $25.8 billion; www.ckh.com.hk), is a Hong Kong-based conglomerate operating five different businesses: Retail (39% of sales), Telecom (24%), Finance & Investments (15%), Infrastructure (13%), and Ports & Related Services (9%)....
Oil stocks continue to rebound from their 2020 lows as the re-opening of the global economy pushes oil and gas prices to multi-year highs. We feel those prices will remain elevated, as producers focus on improving their efficiency instead of spending more on exploration given new caps on greenhouse emissions....
CENOVUS ENERGY, $15.03, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $30.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 0.5%.; www.cenovus.com) continues to sell less-important properties to pay down debt.
The cash from those sales will help cut Cenovus’s net debt (total debt less cash balances) from $12.4 billion U.S....
The cash from those sales will help cut Cenovus’s net debt (total debt less cash balances) from $12.4 billion U.S....
Investors have moved away from oil stocks in the past few months due to government mandates to cut carbon emissions. However, it’s likely crude prices will move up over the next few years as producers focus on their current properties and spend less on exploration....