Chevron remains our top oil stock

U.S. oil production continues to rise, as new drilling techniques like fracking significantly cut costs. That helps protect the profitability of many oil fields, even if oil prices move down.

However, we feel oil prices will likely stay in a narrow range for the next… Read More

Updates on TRANSALTA CORP. and ENCANA CORP.

TRANSALTA CORP. $21.30 (Toronto symbol TA; Shares outstanding: 197.9 million; Market cap: $4.2 billion; SI Rating: Average) reported a 63.6% drop in its earnings during the three months ended March 31, 2009. The utility earned $36 million, or $0.18 a share, compared to $99 million,… Read More

The Successful Investor Hotline – Friday, April 24, 2009

PRECISION DRILLING TRUST, $5.70, Toronto symbol PD.UN, announced this week that it has issued $175 million in new long-term notes to the Alberta Investment Management Corporation (AIMCo). AIMCo is a crown corporation that manages Alberta’s public-sector pension plans and other special funds. Precision is making… Read More

EnCana Corp. $70 – New York symbol ECA

ENCANA CORP. $70 (New York symbol ECA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 750.2 million; Market cap: $52.5 billion; WSSF Rating: Average) is a major North American producer of natural gas (about 80% of total production) and oil (20%).

EnCana prefers to focus on what… Read More

These 3 Will Profit Despite Lower Oil & Gas

Most oil and gas stocks hit record highs earlier this year, but have dropped lately along with energy prices. However, energy prices will undoubtedly rise again over the next few years as developing countries continue to industrialize their economies. As well, wind, solar and other… Read More