Enbridge Inc.
CANADIAN PACIFIC RAILWAY LTD., $131.73, Toronto symbol CP, continues to benefit from rising shipments of crude oil by rail. That’s because a lack of pipelines is forcing producers to find other ways to transport their oil to refineries. However, last Saturday’s derailment and explosion of a train hauling crude oil in Lac-Mégantic, Quebec, could slow down the oil-by-rail boom. (Note: a rival firm, Montreal, Maine & Atlantic Railway, operated this train, not CP.) The crash will likely lead to new regulations, such as requirements for thicker-hulled tanker cars that can better withstand collisions. Regulators may also demand that railways place more workers on their trains and install automatic braking equipment....
CANADIAN PACIFIC RAILWAY $127.99 (Toronto symbol CP; Shares outstanding: 174.7 million; Market cap: $22.6 billion; TSINetwork Rating: Average; Dividend yield: 1.1%; www.cpr.ca) continues to benefit from its aggressive plan to improve its efficiency with new locomotives, upgraded tracks and software that optimizes train loads and speeds.
For example, CP has cut the time it takes to ship intermodal containers between Toronto and Calgary by 20 hours....
For example, CP has cut the time it takes to ship intermodal containers between Toronto and Calgary by 20 hours....
BLACKBERRY INC., $11.08, Toronto symbol BB, fell 26% on Friday after the company reported lower-than-expected earnings. In its 2014 first quarter, which ended June 1, 2013, BlackBerry shipped 6.8 million smartphones, down 12.8% from 7.8 million a year ago. The latest quarter’s shipments included 2.7 million of its new, higher-priced BlackBerry 10 models, which fell short of the consensus estimate of 3.3 million. BlackBerry also lost $84 million, or $0.16 a share (all amounts except share price in U.S. dollars). Still, that’s a big improvement over the $510 million, or $0.97 a share, it lost a year earlier....
ENBRIDGE INC. $47.11 (Toronto symbol ENB; Shares outstanding: 806.5 million; Market cap: $38.8 billion; TSINetwork Rating: Above A v e r a g e ; D i v i d e n d y i e l d : 2 . 7 % ; www.enbridge.com) has formed a 50/50 partnership with France’s EDF Energies Nouvelles to buy the Blackspring Ridge wind farm in Alberta for $600 million.
This facility will produce 300 megawatts of power when it’s finished in mid-2014; Enbridge now generates 1,169 megawatts of wind power.
Blackspring Ridge has long-term, fixed-price deals in place for its power. That cuts the risk of this investment. Expanding its renewable energy holdings also helps Enbridge improve its relationships with regulators and environmentalists.
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This facility will produce 300 megawatts of power when it’s finished in mid-2014; Enbridge now generates 1,169 megawatts of wind power.
Blackspring Ridge has long-term, fixed-price deals in place for its power. That cuts the risk of this investment. Expanding its renewable energy holdings also helps Enbridge improve its relationships with regulators and environmentalists.
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ENBRIDGE INC. $47.11 (Toronto symbol ENB; Shares outstanding: 806.5 million; Market cap: $38.8 billion; TSINetwork Rating: Above A v e r a g e ; D i v i d e n d y i e l d : 2 . 7 % ; www.enbridge.com) has formed a 50/50 partnership with France’s EDF Energies Nouvelles to buy the Blackspring Ridge wind farm in Alberta for $600 million.
This facility will produce 300 megawatts of power when it’s finished in mid-2014; Enbridge now generates 1,169 megawatts of wind power.
Blackspring Ridge has long-term, fixed-price deals in place for its power....
This facility will produce 300 megawatts of power when it’s finished in mid-2014; Enbridge now generates 1,169 megawatts of wind power.
Blackspring Ridge has long-term, fixed-price deals in place for its power....
Most U.S. markets have risen lately, while Canada’s resource-heavy Toronto Stock Exchange has lagged. But as always, both remain subject to unexpected downturns. Even so, the long-term outlook is for higher stock prices.
One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio.
ETFs trade on stock exchanges, just like stocks....
One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio.
ETFs trade on stock exchanges, just like stocks....
ENBRIDGE INC. $46.66 (Toronto symbol ENB; Shares outstanding: 806.5 million; Market cap: $37.6 billion; TSINetwork Rating: Above Average; Dividend yield: 2.7%; www.enbridge.com) gets 90% of its revenue from pipelines that pump oil and gas from western Canada to eastern Canada and the U.S.
The remaining 10% mainly comes from distributing gas to 2 million consumers in Ontario, Quebec and parts of New York State.
Enbridge is spending $27 billion on expansion projects between 2012 and 2016. This excludes the controversial $5.5-billion Northern Gateway pipeline—but it includes a $6.2-billion plan to build pipelines and rail links to move oil from the Bakken region of North Dakota and Saskatchewan, as well as $5.8 billion of new lines to pump more oil from western Canada to the Gulf Coast.
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The remaining 10% mainly comes from distributing gas to 2 million consumers in Ontario, Quebec and parts of New York State.
Enbridge is spending $27 billion on expansion projects between 2012 and 2016. This excludes the controversial $5.5-billion Northern Gateway pipeline—but it includes a $6.2-billion plan to build pipelines and rail links to move oil from the Bakken region of North Dakota and Saskatchewan, as well as $5.8 billion of new lines to pump more oil from western Canada to the Gulf Coast.
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ENBRIDGE INC. $46 (Toronto symbol ENB; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 806.5 million; Market cap: $37.1 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.7%; TSINetwork Rating: Above Average; www.enbridge.com) has agreed to build a 50-kilometre pipeline that will connect the Hangingstone oil sands project in Alberta to its existing pipeline system. This will be the ninth oil sands project to use this network.
The company will spend $200 million to build this pipeline. That’s equal to 16% of the $1.25 billion, or $1.62 a share, that Enbridge earned in 2012. The new line should begin operating in late 2015. Enbridge also has a 25-year shipping contract with Hangingstone’s developer, which cuts the risk of this investment.
Enbridge is a buy....
The company will spend $200 million to build this pipeline. That’s equal to 16% of the $1.25 billion, or $1.62 a share, that Enbridge earned in 2012. The new line should begin operating in late 2015. Enbridge also has a 25-year shipping contract with Hangingstone’s developer, which cuts the risk of this investment.
Enbridge is a buy....
ENBRIDGE INC. (Toronto symbol ENB; www.enbridge.com) gets 90% of its revenue from pipelines that pump oil and gas from western Canada to eastern Canada and the U.S. The remaining 10% mainly comes from distributing gas to 2 million consumers in Ontario, Quebec and parts of New York State....
AGRIUM INC., $94.59, Toronto symbol AGU, plans to continue expanding its retail operations after shareholders decided not to elect five nominees from activist investment firm Jana Partners to Agrium’s 12-member board of directors. The retail division has 1,220 stores in North America, South America and Australia that sell seed, fertilizer and other products to farmers. These outlets supply about 70% of Agrium’s revenue. The remaining 30% mainly comes from making fertilizers from natural gas. Jana, which owns 7.5% of Agrium’s shares, wants Agrium to spin off its retail division as a separate company. However, steady revenue streams from these stores help offset the cyclical nature of Agrium’s fertilizer operations....