imperial oil
Toronto symbol IMO, is Canada’s largest integrated oil company. It also operates over 1,900 retail gas stations under the “Esso” banner. ExxonMobil owns 69.6% of Imperial’s stock.
Imperial Oil is one of Canada’s largest and oldest energy companies, operating across the full oil and gas value chain—from exploring and producing crude oil and natural gas to refining fuels and marketing products under well-known brands like Esso and Mobil. Headquartered in Calgary, the company plays a major role in Canada’s energy sector, including significant involvement in oil sands development, petrochemicals, and transportation fuels, and it is majority-owned by ExxonMobil.
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Royal Dutch Shell plc (ADR), $67.49, symbol RDS.A on New York (ADRs outstanding: 3.2 billion; Market cap: $215.1 billion; www.shell.com), owns or invests in the many companies that make up the Royal Dutch Shell Group. The Netherlands-based oil giant operates in 70 countries and is involved in all areas of the oil and gas industry. It also has interests in chemicals and other energy-related businesses. Shell appointed Ben Van Beurden as CEO at the start of this year, taking over from Peter Voser. Under Van Beurden, the company continues to exit unprofitable, risky or non-essential projects, with plans to sell $15 billion worth of assets by the end of 2015....
CAE INC., $14.58, Toronto symbol CAE, earned $42.0 million in its fiscal 2015 second quarter, which ended September 30, 2014. That’s up 9.9% from $38.2 million a year earlier. Per-share earnings rose at a slower rate of 6.7%, to $0.16 from $0.15, on more shares outstanding. These figures exclude earnings from CAE’s mining operations, which make simulators that train workers to operate underground trucks, loaders and drills. The company recently announced plans to sell this business, as weak commodity prices have prompted mining firms to cut spending on exploration and expansion projects. On this basis, the latest earnings matched the consensus estimate....
Pat McKeough responds to many requests from members of his Inner Circle for specific stock investing advice as well as questions on investment strategy and the economy. Every week, his comments and recommendations on the most intriguing questions of the past week go out to all Inner Circle members. And each week we offer you a report on one of the stocks profiled in these Q&A sessions. We give you Pat’s buy-hold-sell recommendation as well as his analysis of the stock. This is part of the specific buy, hold and sell advice we offer you in our daily posts. Every week you get “A Stock to Sell” on Monday, “Best Canadian Stocks” on Tuesday, and “Our Top U.S. Stocks” on Thursday.
Recently an Inner Circle member asked us about Parkland Fuel, a company that sells gasoline and operates convenience stores through its own brands and under license to bigger companies like Imperial Oil. Parkland recently lost a major supply contract with Suncor Energy and Pat examines the company’s attempts to replace that business with new acquisitions. He also looks at the impact of lower oil prices on Parkland’s profits.
Q: Hi Pat: Could you give us an update on Parkland Fuels? They are continuing to make acquisitions, and the stock continues to rise. Would you consider it a buy now? Regards.
A: Parkland Fuel Corp. (symbol PKI on Toronto; www.parkland.ca) operates gas stations, convenience stores and a fuel distribution business, mostly in Western Canada and Ontario. It was called Parkland Income Fund before it converted to a dividend-paying corporation on December 31, 2010.
The company owns 144 rural gas stations and convenience stores. Brands include Fas Gas Plus, Race Trac Gas and Short Stop. Many of Parkland’s stations sell propane in addition to gasoline and diesel fuel. The company also operates Esso stations in Western Canada and Ontario under a licensing deal with Imperial Oil (symbol IMO on Toronto). It recently signed an agreement to use the Chevron brand in B.C.
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Recently an Inner Circle member asked us about Parkland Fuel, a company that sells gasoline and operates convenience stores through its own brands and under license to bigger companies like Imperial Oil. Parkland recently lost a major supply contract with Suncor Energy and Pat examines the company’s attempts to replace that business with new acquisitions. He also looks at the impact of lower oil prices on Parkland’s profits.
Q: Hi Pat: Could you give us an update on Parkland Fuels? They are continuing to make acquisitions, and the stock continues to rise. Would you consider it a buy now? Regards.
A: Parkland Fuel Corp. (symbol PKI on Toronto; www.parkland.ca) operates gas stations, convenience stores and a fuel distribution business, mostly in Western Canada and Ontario. It was called Parkland Income Fund before it converted to a dividend-paying corporation on December 31, 2010.
The company owns 144 rural gas stations and convenience stores. Brands include Fas Gas Plus, Race Trac Gas and Short Stop. Many of Parkland’s stations sell propane in addition to gasoline and diesel fuel. The company also operates Esso stations in Western Canada and Ontario under a licensing deal with Imperial Oil (symbol IMO on Toronto). It recently signed an agreement to use the Chevron brand in B.C.
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GREAT-WEST LIFECO INC. $33 (www.greatwestlifeco.com) earned $687 million, or $0.69 a share, in the three months ended September 30, 2014, up 31.4% from $523 million, or $0.52 a share, a year earlier....
Your surest route to investment success is to follow our three-pronged Successful Investor approach:
Of course, I still form opinions on which way the market and individual stocks are likely to move in coming months and years. Some of these opinions fall in the category of predictions—others are more like guesses.
From time to time I share these opinions with investors. Sometimes they turn out surprisingly accurate—other times, not so much. This has become a popular part of our service, so we highlight it under the heading “Guesses, Opinions & Predictions”.
...
- Invest mainly in well-established, high-quality companies;
- Spread your money out across most if not all of the five main economic sectors;
- Downplay or avoid stocks in the broker/media limelight.
Of course, I still form opinions on which way the market and individual stocks are likely to move in coming months and years. Some of these opinions fall in the category of predictions—others are more like guesses.
From time to time I share these opinions with investors. Sometimes they turn out surprisingly accurate—other times, not so much. This has become a popular part of our service, so we highlight it under the heading “Guesses, Opinions & Predictions”.
...
Parkland Fuel Corp., $22.18, symbol PKI on Toronto (Shares outstanding: 75.0 million; Market cap: $1.7 billion, www.parkland.ca), operates gas stations, convenience stores and a fuel distribution business, mostly in Western Canada and Ontario. It was called Parkland Income Fund before it converted to a dividend-paying corporation on December 31, 2010. The company owns 144 rural gas stations and convenience stores. Brands include Fas Gas Plus, Race Trac Gas and Short Stop. Many of Parkland’s stations sell propane in addition to gasoline and diesel fuel. The company also operates Esso stations in Western Canada and Ontario under a licensing deal with Imperial Oil (symbol IMO on Toronto). It recently signed an agreement to use the Chevron brand in B.C. Parkland continues to sell its company-owned stations to franchisees. This lets it collect rent and commissions on fuel sales without having to staff and operate the stations....
We still think investors will profit most—and with the least risk—by buying shares of well-established, dividend-paying stocks with strong business prospects.
These are companies that have strong positions in healthy industries. They also have strong management that will make the right moves to remain competitive in a changing marketplace.
Stocks like these give investors an additional measure of safety in today’s volatile markets. And the best ones offer an attractive combination of moderate p/e’s (the ratio of a stock’s price to its per-share earnings), steady or rising dividend yields (annual dividend divided by the share price) and promising growth prospects.
Here are 20 stocks we think meet those criteria:
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These are companies that have strong positions in healthy industries. They also have strong management that will make the right moves to remain competitive in a changing marketplace.
Stocks like these give investors an additional measure of safety in today’s volatile markets. And the best ones offer an attractive combination of moderate p/e’s (the ratio of a stock’s price to its per-share earnings), steady or rising dividend yields (annual dividend divided by the share price) and promising growth prospects.
Here are 20 stocks we think meet those criteria:
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IMPERIAL OIL $52.18 (Toronto symbol IMO; Shares outstanding: 847.6 million; Market cap: $44.9 billion; TSINetwork Rating: Average; Div. yield: 1.0%; www.imperialoil.ca) has begun converting its 95-year-old refinery in Dartmouth, Nova Scotia, into a storage facility for refined petroleum products, such as gasoline, diesel and home heating oil....
LOBLAW COMPANIES $55.80 (Toronto symbol L; Shares outstanding: 413.6 million; Market cap: $23.2 billion; TSINetwork Rating: Above Average; Dividend yield: 1.8%; www.loblaw.ca) is testing a smaller version of its discount No Frills supermarkets. These stores, which operate under the Box banner, are cheaper to build than full-sized outlets and can fit in smaller strip malls. That lowers their rental costs. The new Box stores could also help Loblaw compete with Wal-Mart, which may start opening smaller locations in Canada following successful trials in the U.S. Loblaw is a buy....
IMPERIAL OIL LTD. $56 (www.imperialoil.ca) has begun converting its 95-year-old refinery in Dartmouth, Nova Scotia, into a storage facility for a variety of refined petroleum products, such as gasoline, diesel and home heating oil....