oil and gas

AXON ENTERPRISE INC., $288.79, symbol AXON on Nasdaq, is best known for its Taser line of non-lethal weapons for law enforcement and consumers. The law enforcement technology company also sells body cameras, in-car cameras, software and drones.

The company has two operating segments: Taser (39% of revenue) and Software & Sensors (61%).

The software unit includes a cloud-based digital evidence management platform—for assets including video from Axon body cameras.

Axon’s customers include first responders at the international, federal, state and local law enforcement level, fire departments, correctional facilities and the justice sector, in addition to commercial clients.

On May 6, 2024, Axon announced that it would acquire Dedrone, a provider of airspace security technology....

CANADIAN TIRE CORP., $144.07, Toronto symbol CTC.A, is a buy.

Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook....

Look for Canadian income trusts or REITs that focus on investment inputs as well as investment outputs. Here are 9 criteria.

Flowserve’s focus on stable, recurring, higher-profit-margin business should continue to boost performance over the coming years

Here are two of our top safety-conscious recommendations. Both have growth ahead. Look for that to spur their share prices and your returns.


BCE INC., $45.76, is a buy. The company (Toronto symbol BCE; Shares outstanding: 912.3 million; Market cap: $41.8 billion; TSINetwork Rating: Above Average; Dividend yield: 8.7%) is Canada’s largest traditional telephone service provider....

The outlook for a wide range of commodities continues to improve as the world’s economy recovers from the COVID-19 pandemic. The ongoing shift to electric-powered vehicles continues to spur demand for key metals such as copper and nickel.


These three leading commodity producers are preparing for the expected increase in demand with acquisitions and big new projects....

Demand for Major Drilling’s specialized services has now mostly recovered. Meanwhile, Computer Modelling is benefiting from expanding oil and gas drilling in response to overall higher energy prices. We think there are still gains ahead for both stocks.


MAJOR DRILLING, $9.68, is a buy. This large contract driller (Toronto symbol MDI; TSINetwork: Speculative) (majordrilling.com; Shares outstanding: 82.1 million; Market cap: $794.7 million; No dividends paid) is an industry player, mainly serving miners.


In the quarter ended January 31, 2024, the company’s revenue fell 11.0%, to $132.8 million from $149.2 million a year earlier....

In addition to Suncor (see page 41), we also like the outlook for these three oil producers. Like Suncor, they have used their stronger cash flows in the past few years to pay down debt. That is giving them more room for dividend increases and share buybacks.


IMPERIAL OIL LTD....

Top recommendation Suncor Energy yields a high 4.1% as it cuts costs and improves its operations to counter a declining crude oil price.

We recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. That’s mainly because it offers a hedge (some protection) against inflation.


To further cut your risk, you should focus mainly on high-quality producers, like Chevron, with large reserves in politically stable countries....