Buy these two for oil and gas exposure

IMPERIAL OIL $41.46 (Toronto symbol IMO; Shares outstanding: 844.3 million; Market cap: $34.7 billion; TSINetwork Rating: Average; Dividend yield: 1.5%; www. imperialoil.ca) is Canada’s second-largest publicly traded oil company, after Suncor. ExxonMobil (New York symbol XOM) owns 69.6% of Imperial.

About 90% of the company’s crude… Read More

Higher oil prices to speed up sales

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: 1.0; Dividend yield: 2.0%; TSINetwork Rating: Extra Risk; www.cenovus.com) recently acquired 100% of its main oil sands properties in Alberta—Christina Lake and Foster… Read More

Cenovus raises more cash

CENOVUS ENERGY $12.26 (Toronto symbol CVE; Shares outstanding: 1.2 billion; Market cap: $15.1 billion; TSINetwork Rating: Average; Dividend yield: 1.6%; www.cenovus.com) continues to sell assets to pay down its $12.5 billion debt. That’s equal to a high 83% of its market cap.

The company recently sold… Read More