Dividend Advisor Hotline – Friday, June 10, 2022

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… Read More

Q: Hello, Pat. What is your take on investing for the long term in WonderFi Technologies Inc. (WNDR)? Thanks.

A: WonderFi Technologies Inc., $1.08, symbol WNDR on the NEO Exchange (Shares outstanding: 161.5 million; Market cap: $176.5 million; www.wonder.fi), aims to provide consumers better access to digital assets, including cryptocurrencies and non-fungible tokens (NFTs).

The NEO exchange, which is recognized by the Ontario Securities Commission,… Read More

Cash flow soared 182.2% at Imperial Oil Ltd.

Cash flow soared 182.2% at Imperial Oil Ltd.

Improved bitumen prices led to a 104.1% jump in revenue for this company during the most-recent quarter.

Exploration and upgrades coupled with increased production should boost its numbers even further.

Meanwhile the stock trades at just 10.0 times the company’s 2022 earnings forecast.

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IMPERIAL OIL LTD. (Toronto symbol… Read More

Get a 5.0% from TC Energy Inc.

Get a 5.0% from TC Energy Inc.

Rising oil and gas prices led to an 8.7% jump in revenue for this company during the recent quarter.

Meanwhile, a series of projects and divestments should position the firm for greater growth and profitability by opening new markets.

TC ENERGY INC. (Toronto symbol TRP; www.tcenergy.com) generates… Read More

Cenovus Energy Inc. is set to keep growing

Cenovus Energy Inc. is set to keep growing

Despite volatile crude prices, all investors should maintain some exposure to the oil and gas industry due to its huge importance to global economic growth.

Well-established producers like this one, whose recent purchase of rival Husky Energy adds to its already impressive reserves, is a strong… Read More