oil and gas

AIMIA INC., $7.45, symbol AIM on Toronto, owns and operates Aeroplan, Canada’s largest loyalty program. The plan has over 5 million members who collect Aeroplan miles from participating companies. They can exchange those miles for flights, but also car rentals, hotel rooms and merchandise. In the U.K., Aimia owns Nectar, that country’s biggest loyalty program. The company also has interests in Air Miles Middle East and Club Premier—the leading loyalty program in Mexico. In the three months ended March 31, 2016, the company’s revenue fell 13.6%, to $570.1 million from $660.1 million a year earlier. The decline was the result of the lower contribution from Nectar as well as the shutdown of the Nectar Italia program. Excluding one-time items, overall earnings per share fell 13.3%, to $0.13 from $0.15....

DEVON ENERGY CORP. $34.12 (New York symbol DVN; TSINetwork Rating: Speculative) (405-235- 3611; www.dvn.com; Shares outstanding: 523.9 million; Market cap: $18.1 billion; Dividend yield: 0.7%) is one of the largest U.S.-based oil and natural gas explorers and producers....

CIMAREX ENERGY $116.12 (New York symbol XEC; TSINetwork Rating: Extra Risk) (303-295-3995; www.cimarex.com; Shares outstanding: 94.8 million; Market cap: $11.0 billion; Dividend yield: 0.3%) produces and explores for natural gas and oil. Gas makes up 64% of the company’s output; the remaining 36% is oil.

The company’s properties are mostly in the Wolfcamp shale area of Texas and New Mexico....

DEVON ENERGY CORP. $34.12 (New York symbol DVN; TSINetwork Rating: Speculative) (405-235- 3611; www.dvn.com; Shares outstanding: 523.9 million; Market cap: $18.1 billion; Dividend yield: 0.7%) is one of the largest U.S.-based oil and natural gas explorers and producers. The company’s production mix is 38% natural gas and 62% oil. Devon’s daily output averaged 685,000 barrels of oil equivalent in the three months ended March 31, 2016—unchanged from a year earlier. However cash flow per share fell sharply, to $0.31 from $4.02. The decline is the result of lower oil and gas prices, as well as an unfavourable tax adjustment. Cuts key to Devon’s turnaround ...

From the time the last spike was driven to complete the new railway in 1885, Canadian



Pacific has been an essential part of Canada’s history, transportation and business life....

Resist the urge to go overboard in Canadian oil stocks—but especially in junior oils, futures or options.

A: Baker Hughes, $47.13, symbol BHI on New York (Shares outstanding: 437.9 million; Market cap: $20.1 billion, www.bakerhughes.com), is the world’s third-largest drilling services and equipment company. Until recently, Baker Hughes was the subject of a $35 billion takeover offer from Halliburton (symbol HAL on New York). However, the deal fell through because of opposition from U.S. and European antitrust regulators. The merger would have brought together the world’s No. 2 and No. 3 oil services companies. That raised concerns about possibly higher prices for oil producers....

Successful investing in international ETFs has a lot to do with understanding the economies of the countries you invest in.

NISSAN MOTOR CO., $18.86, symbol NSANY on Nasdaq, is Japan’s second-largest automaker, after Toyota and ahead of Honda. Nissan has now agreed to buy a 34% stake in Mitsubishi Motors for $2.18 billion U.S. Mitsubishi’s share price has dropped about 43% since the company admitted that it manipulated data to inflate mileage results for some of its vehicles. The deal is contingent on Nissan looking closely at Mitsubishi’s operations and not finding any new problems. The company plans to let Mitsubishi remain a separate brand, with its own network of dealers. It won’t be involved in day-to-day operations....

CANADIAN TIRE CORP., $141.12, Toronto symbol CTC.A, owns 499 Canadian Tire stores. They sell automotive, household and sporting goods. Franchisees run most of these outlets. The company’s other operations include 296 gas stations and 91 PartSource auto parts stores. More recently, Canadian Tire acquired Mark’s, which sells casual and work clothing through 381 stores. It also purchased the Forzani Group, which sells sporting goods and athletic wear through 432 stores, including Sport Chek and Sports Experts. In the three months ended April 2, 2016, Canadian Tire’s sales rose 1.8%, to $2.56 billion from $2.51 billion a year earlier. That matched the consensus forecast. Overall same-store sales improved 2.4%....