enbridge

CENOVUS ENERGY INC., $22.12, Toronto symbol CVE, remains a buy for long-term gains.

On January 1, 2021, the company completed its acquisition of rival oil producer Husky Energy Inc. (Toronto symbol HSE) in a friendly all-stock takeover.

The combined firm is now Canada’s third-largest producer of oil and natural gas, and the country’s second-largest refiner.

Cenovus announced this week that it would end its oil hedging program, which it uses to pre-sell its future production at a set price....

Here are two of our top safety-conscious utility recommendations. Both have strong growth plans in place, which should boost their cash flow to pay for dividend increases as well as boost their share prices.


TELUS, $32.26, is a buy. The stock (Toronto symbol T; Shares o/s: 1.4 billion; Market cap: $44.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.telus.com) gives you a stake in a wireless business with 11.42 million subscribers....

Enbridge makes money by charging oil producers fees to access its pipelines and terminals, so it’s less exposed to volatile oil prices. Nevertheless, it still stands to gain as pandemic recovery spurs demand for oil. The limited number of new pipelines planned by the industry also increases the value of Enbridge’s existing pipelines.


Meantime, the company continues to build out its systems—most of them secured by long-term contracts....

ENBRIDGE $54.59 is a buy. The firm (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $109.4 billion; TSINetwork Rating: Above Average; Dividend yield: 6.3%; www.enbridge.com) gives you exposure to pipelines pumping oil and natural gas from Western Canada to eastern Canada and the U.S....

NUTRIEN LTD., $90.31, Toronto symbol NTR, remains a buy.

The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp. of Saskatchewan (old symbol POT).

Potash Corp....

In addition to the top picks for 2022 and beyond that we feature this issue (including our #1 pick), we recommend the following three ETFs. All are poised to move up this year and to help you tap key market segments. For myriad reasons (see the Supplement on pages 19 and 20), each of the funds could significantly add to your 2022 returns.


First, we still feel that virtually all Canadians should have, say, 20% to 30% of their portfolio in U.S....

Pipeline operators TC Energy and Enbridge remain great picks for income-seeking investors. Rising oil demand as the economy re-opens—along with their new projects—will boost their cash flow and dividends.


TC ENERGY CORP. $63 is a buy. The company (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 981.0 million; Market cap: $61.8 billion; Price-to-sales ratio: 4.3; Dividend yield: 5.5%; TSINetwork Rating: Above Average; www.tcenergy.com) operates a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S....

NUTRIEN LTD., $87.47, Toronto symbol NTR, remains a buy.

The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp. of Saskatchewan (old symbol POT).

Potash Corp....

ENBRIDGE $50.23 is a buy. The firm (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $100.4 billion; TSINetwork Rating: Above Average; Dividend yield: 6.9%; www.enbridge.com) will now raise your quarterly dividend by 3.0%, starting with the March 2022 payment....

The fundamentals of investing are the same for newcomers as they are for established, successful investors. The challenge for everybody is to stick to what works and not let investment fads, the media limelight or bad advice from a broker or advisor steer you off course.

The five picks for March we outline in this report are derived from Pat McKeough’s four decades of investment experience....