Imperial Oil Ltd.
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.
CANADIAN UTILITIES LTD. (class A non-voting) is a buy.
The company (Toronto symbols CU [class A non-voting] $35.70 and CU.X [class B voting] $35.82) distributes electricity and natural gas in Alberta and Australia. It also has 5 power plants—1 in Canada, 2 in Australia and 2 in Mexico....
The company (Toronto symbols CU [class A non-voting] $35.70 and CU.X [class B voting] $35.82) distributes electricity and natural gas in Alberta and Australia. It also has 5 power plants—1 in Canada, 2 in Australia and 2 in Mexico....
CANADIAN PACIFIC RAILWAY LTD., $97.33, Toronto symbol CP, is your #1 Conservative Buy for 2022.
CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.
This is the fourth year in a row we’ve picked CP as our #1 Conservative stock....
CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.
This is the fourth year in a row we’ve picked CP as our #1 Conservative stock....
IMPERIAL OIL LTD., $46.58, is a buy. The company (Toronto symbol IMO; Shares o/s: 695.6 million; Market cap: $32.8 billion; TSINetwork Rating: Average; Dividend yield: 2.3%; www.imperialoil.ca) is Canada’s third-largest publicly traded oil company after Canadian Natural Resources (No....
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Despite the severe drop in oil prices in 2020 due to COVID-19 shutdowns, Imperial Oil and Chevron maintained, rather than cut, their dividends. Now crude prices have recovered, and will likely remain elevated for the next few months as producers focus on improving their efficiency instead of expanding production....
Oil stocks continue to rebound from their 2020 lows as the re-opening of the global economy pushes oil and gas prices to multi-year highs. We feel those prices will remain elevated, as producers focus on improving their efficiency instead of spending more on exploration given new caps on greenhouse emissions....
Oil prices have more than doubled over the last year to today’s price of roughly $83 U.S. a barrel. Natural gas prices are also up. Increased industrial activity is driving those gains as the world recovers from the pandemic. Still, energy prices will likely remain subject to wide and unpredictable swings—spurred by continually changing supply and demand, environmental pressures, and the shift to electric vehicles....
TORONTO-DOMINION BANK $86 is a buy. The lender (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.8 billion; Market cap: $154.8 billion; Price-to-sales ratio: 3.6; Dividend yield: 3.7%; TSINetwork Rating: Above Average; www.td.com) is Canada’s second-largest bank by market cap after Royal Bank (see page 101).
TD has entered into a new agreement with Envestnet, Inc....
TD has entered into a new agreement with Envestnet, Inc....
CENOVUS ENERGY, $12.85, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $25.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 0.5%.; www.cenovus.com) completed its acquisition of rival oil producer Husky Energy in January 2021.
The combined firm is now Canada’s third-largest producer of oil and natural gas, with output of about 750,000 barrels of oil equivalent per day....
The combined firm is now Canada’s third-largest producer of oil and natural gas, with output of about 750,000 barrels of oil equivalent per day....
Oil prices continue to recover as COVID-19 lockdowns end. It seems likely that prices will remain firm as the economy further opens. We continue to recommend all investors maintain some exposure to oil, particularly with high-quality integrated producers like Imperial Oil.
IMPERIAL OIL LTD....
IMPERIAL OIL LTD....