Deal helps move more oil

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… Read More

CN gains from pipeline shortage

CANADIAN NATIONAL RAILWAY CO. $116 (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 740.2 million; Market cap: $85.9 billion; Price-to-sales ratio: 6.5; Dividend yield: 1.7%; TSINetwork Rating: Above Average; www.cn.ca) continues to benefit from rising crude oil production and a lack of new… Read More

Dividend Advisor Hotline – Friday, August 3, 2018

CANADIAN NATIONAL RAILWAY CO., $114.68, Toronto symbol CNR, operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.

With the March 2018 payment, the company raised its quarterly dividend by… Read More

Diversity helps shield CN’s dividend

Railways are highly cyclical businesses: demand for their services tends to move up and down with the overall economy. The Trump administration’s recent tariffs on steel and aluminum imports from Canada—as well as Ottawa’s plan to impose tariffs on some U.S.-made goods—also adds risk for… Read More

CN’s future still looks bright

CN’s strong attention to efficiency and ongoing investments in its operations should spur its earnings for years to come. Still, the company’s shares have moved mostly sideways in the past year. That’s mainly due to CN’s increased costs and lower earnings as a result of… Read More