oil and gas

DEVON ENERGY CORP. $39.00 (New York symbol DVN; TSINetwork Rating: Speculative) (405-235-3611; www.dvn.com; Shares outstanding: 524.0 million; Market cap: $21.0 billion; Dividend yield: 0.6%) continues to sell its non-core properties to pay down debt and strengthen its balance sheet....

SASOL LTD. (ADR) $27.17 (New York symbol SSL; TSINetwork Rating: Extra Risk) (082-883-9697; www.sasol.com; ADRs o/s: 651.4 million; Market cap: $18.9 billion; Dividend yield: 2.8%) has developed a technology to convert coal and natural gas into motor fuels....

RUSSEL METALS $23.00 (Toronto symbol RUS; TSINetwork Rating: Speculative) (905-819-7777; www.russelmetals.com; Shares outstanding: 61.7 million; Market cap: $1.5 billion; Dividend yield: 6.6%) is one of North America’s largest metal distributors, serving over 39,000 clients at 53 locations in Canada and 12 in the U.S.

In the three months ended March 31, 2016, Russel’s revenue fell 26.8%, to $662.1 million from $903.9 million a year earlier....

STUART OLSON INC. $6.36 (Toronto symbol SOX; TSINetwork Rating: Speculative) (780-454-3667; www.stuartolson.com; Shares outstanding: 26.7 million; Market cap: $166.8 million; Dividend yield: 7.6%) mainly operates in Western Canada, with both government and private sector clients....

RUSSEL METALS $23.00 (Toronto symbol RUS; TSINetwork Rating: Speculative) (905-819-7777; www.russelmetals.com; Shares outstanding: 61.7 million; Market cap: $1.5 billion; Dividend yield: 6.6%) is one of North America’s largest metal distributors, serving over 39,000 clients at 53 locations in Canada and 12 in the U.S.

In the three months ended March 31, 2016, Russel’s revenue fell 26.8%, to $662.1 million from $903.9 million a year earlier....

SASOL LTD. (ADR) $27.17 (New York symbol SSL; TSINetwork Rating: Extra Risk) (082-883-9697; www.sasol.com; ADRs o/s: 651.4 million; Market cap: $18.9 billion; Dividend yield: 2.8%) has developed a technology to convert coal and natural gas into motor fuels....

TRILOGY ENERGY CORP. $6.17 (Toronto symbol TET; TSINetwork Rating: Speculative) (403-290-2900; www.trilogyenergy.com; Shares outstanding: 105.3 million; Market cap: $813.3 million; No dividends paid) owns oil and gas properties in central Alberta’s Kaybob and Grande Prairie areas....

BIRCHCLIFF ENERGY $7.86 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 152.3 million; Market cap: $1.2 billion; No dividends paid) explores for, develops and produces oil and gas, mainly in the Peace River Arch area near the Alberta-B.C....

MCCOY GLOBAL $1.85 (Toronto symbol MCB; TSINetwork Rating: Speculative) (780-453-8451; www.mccoyglobal.com; Shares outstanding: 27.7 million; Market cap: $51.3 million; No dividends paid) sells power tongs and other hydraulic gear for oil and gas drilling rigs....

WAJAX CORP. $14.80 (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (905-212-3300; www.wajax.ca; Shares outstanding:20.0 million; Market cap: $299.5 million; Dividend yield: 6.8%) sells and services cranes, forklifts and other heavy equipment. It also provides related parts, such as ball bearings, motors, hoses and fittings, and power systems, including diesel engines and transmissions.

The company’s customers are spread across the natural resources, construction, manufacturing and transportation industries.

In the three months ended March 31, 2016, Wajax’s clients in mining and oil and gas made fewer purchases....