Cenovus Energy Inc.
CENOVUS ENERGY, $12.85, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $25.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 0.5%.; 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, with output of about 750,000 barrels of oil equivalent per day....
The combined firm is now Canada’s third-largest producer of oil and natural gas, with output of about 750,000 barrels of oil equivalent per day....
CENOVUS ENERGY INC. $10 is a buy. The company (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 2.0 billion; Market cap: $20.0 billion; Price-to-sales ratio: 0.8; Dividend yield 0.7%; TSINetwork Rating: Extra Risk; www.cenovus.com) completed its acquisition of rival oil producer Husky Energy Inc....
This month we consider a unique ETF that buys carbon credits to offset the emissions of its holdings. Meanwhile, we look at a new Canadian energy ETF that has energy stock booster Eric Nuttall as a manager.
The Evolve S&P/TSX 60 CleanBeta FUND $21.09 (Toronto symbol SIXT) invests in the companies that are the constituents of the S&P/TSX 60 index.
What makes this fund different from other ETFs that track the same index is the objective to neutralize the carbon emissions of the fund holdings....
The Evolve S&P/TSX 60 CleanBeta FUND $21.09 (Toronto symbol SIXT) invests in the companies that are the constituents of the S&P/TSX 60 index.
What makes this fund different from other ETFs that track the same index is the objective to neutralize the carbon emissions of the fund holdings....
CENOVUS ENERGY, $11.06, remains a buy for patient investors. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $21.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 0.6%; www.cenovus.com) has completed its acquisition of rival oil producer Husky Energy.
To help pay down the extra debt it assumed as part of the Husky deal, Cenovus is selling some of its less-important assets.
Those include a deal to sell the royalty rights to its Marten Hills oil assets in Alberta to Topaz Energy for $100 million....
To help pay down the extra debt it assumed as part of the Husky deal, Cenovus is selling some of its less-important assets.
Those include a deal to sell the royalty rights to its Marten Hills oil assets in Alberta to Topaz Energy for $100 million....
We continue to recommend conservative investors limit their oil holdings to integrated producers such as these three. Their upstream (or producing) businesses benefit from higher crude prices. Their downstream (refining) businesses, on the other hand, convert crude into gasoline and other fuels and so profit when oil prices fall....
CENOVUS ENERGY, $9.59, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $19.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 0.7%.; 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, with output of about 750,000 barrels of oil equivalent per day....
The combined firm is now Canada’s third-largest producer of oil and natural gas, with output of about 750,000 barrels of oil equivalent per day....
Oil prices continue to rebound from their 2020 lows as more parts of the global economy reopen with the rollout of COVID-19 vaccines. OPEC’s commitment to maintain its current production cuts also helps support prices.
That’s good news for these four high-quality producers....
That’s good news for these four high-quality producers....
CENOVUS ENERGY, $9.49, remains a buy for patient investors. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $19.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 0.7%.; www.cenovus.com) has now completed its acquisition of rival oil producer Husky Energy.
The combined firm is Canada’s third-largest producer of oil and gas, with output of about 750,000 barrels of oil equivalent per day....
The combined firm is Canada’s third-largest producer of oil and gas, with output of about 750,000 barrels of oil equivalent per day....
NEWMONT CORP., $58.91, remains a buy. The company (New York symbol NEM; Shares outstanding: 803.4 million; Market cap: $47.9 billion; TSINetwork Rating: Average; Dividend yield: 2.7%; www.newmont.com) now plans to repurchase up to $1.0 billion of its common shares over the next 18 months....
TELUS, $25.55, is a buy. The company (Toronto symbol T; Shares outstanding: 1.3 billion; Market cap: $32.8 billion; TSINetwork Rating: Above Average; Dividend yield: 4.9%; www.telus.com) continues to roll out its new 5G (fifth-generation) wireless networks....