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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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....
LOBLAW COMPANIES, $89.11, is a buy. The company (Toronto symbol L; Shares outstanding: 338.2 million; Market cap: $30.1 billion; TSINetwork Rating: Above Average; Dividend yield: 1.6%; www.loblaw.ca) launched a new mobile phone app called PC Health in 2020....
We recommend that all investors keep some exposure to oil, particularly as the world economy rebounds from COVID-19 shutdowns. Still, integrated producers, such as these two, remain the best way to cut your risk and protect your income.
SUNCOR ENERGY INC....
SUNCOR ENERGY INC....
Even though oil demand and prices continue to rebound from last year’s COVID-19-induced lows, Suncor’s shares have suffered. That’s partly due to problems that will delay the ramp-up of its Fort Hills oil sands project in northern Alberta. However, cost savings from Suncor’s takeover of the day-to-day operations of the Syncrude project should give it more cash for share buybacks and dividends.
SUNCOR ENERGY INC....
SUNCOR ENERGY INC....
IMPERIAL OIL LTD., $33.21, is a buy. The company (Toronto symbol IMO; Shares o/s: 711.7 million; Market cap: $24.9 billion; TSINetwork Rating: Average; Dividend yield: 3.0%; www.imperialoil.ca) is teaming up with four other oil sands operators in Alberta (Suncor, Cenovus, Canadian Natural Resources and MEG Energy) in an effort to cut their greenhouse gas emissions.
The five firms will connect their oil sands facilities in the Fort McMurray and Cold Lake regions to a central carbon sequestration hub....
IMPERIAL OIL LTD. $36 is also a buy. This company (Toronto symbol IMO; Conservative and Income Growth Portfolios, Resources sector; Shares outstanding: 734.1 million; Market cap: $26.4 billion; Price-to-sales ratio: 1.2; Dividend yield: 2.6%; TSINetwork Rating: Average; www.imperialoil.ca) is teaming up with four other oil sands operators in Alberta (Suncor, Cenovus, Canadian Natural Resources and MEG Energy) in an effort to cut their greenhouse gas emissions.
The five firms will connect their oil sands facilities in the Fort McMurray and Cold Lake regions to a central carbon sequestration hub....
The five firms will connect their oil sands facilities in the Fort McMurray and Cold Lake regions to a central carbon sequestration hub....
Buying the top Canadian energy stocks can strengthen your resource sector holdings if you follow this advice. Learn more in this article now.
Each year, major industry associations such as Lipper and Fundata produce lists of award-winning mutual funds and ETFs. Here’s a close look at a few of their top winners.
As well, please check out the Supplement on page 60 That’s where we highlight factors contributing to top ETFs.
DYNAMIC ACTIVE GLOBAL DIVIDEND ETF $47.48 (Toronto symbol DXG; TSINetwork ETF Rating: Aggressive; Market cap: $1.2 billion) invests globally in firms that pay a dividend or are expected to pay a dividend....
As well, please check out the Supplement on page 60 That’s where we highlight factors contributing to top ETFs.
DYNAMIC ACTIVE GLOBAL DIVIDEND ETF $47.48 (Toronto symbol DXG; TSINetwork ETF Rating: Aggressive; Market cap: $1.2 billion) invests globally in firms that pay a dividend or are expected to pay a dividend....