oil and gas

OVINTIV INC. $55 is a buy. The oil and gas producer (Toronto symbol OVV; Conservative Growth Portfolio, Resources sector; Shares outstanding: 273.7 million; Market cap: $15.1 billion; Price-to-sales ratio: 1.0; Dividend yield: 2.9%; TSINetwork Rating: Average; www.ovintiv.com) operates four core properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah).


In 2024, Ovintiv expects to spend between $2.1 billion and $2.5 billion on exploration and equipment upgrades (all amounts except share price and market cap in U.S....

A: Canadian Natural Resources Ltd., $87.75, symbol CNQ on Toronto (Shares outstanding: 1.1 billion; Market cap: $94.7 billion; www.cnrl.com), is a producer of oil and natural gas in Western Canada, the U.K....

ROYAL BANK OF CANADA, $134.63, Toronto symbol RY, is still a buy.

The bank has received final regulatory approval to buy the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC).

HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....

Here are two of our leading safety-conscious oil and gas recommendations. Both are in strong positions to profit from higher energy prices and to keep rewarding investors with higher dividends and share buybacks. Each is a buy.


IMPERIAL OIL LTD., $79.80, is a buy. The company (Toronto symbol IMO; Shares o/s: 535.8 million; Market cap: $41.4 billion; TSINetwork Rating: Average; Dividend yield: 2.5%; www.imperialoil.ca) is Canada’s third-largest publicly traded oil company after Canadian Natural Resources (No....

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MINISO GROUP HOLDING (ADR), $19.64, symbol MNSO on New York, is a fast-growing retailer that opened its first store in China in 2013. It had 6,115 stores in its global network on September 30, 2023, including more than 3,802 in China. The company itself operates just 231 of the stores, with the rest managed by franchisees.

Miniso aims to attract shoppers with a variety of design-led lifestyle products....

OVINTIV INC. $56 (www.ovintiv.com) is a buy. The oil and gas producer recently repurchased $98.65 million U.S. of its shares. That equals 1% of its $16.8 billion (Canadian) market cap....

Enbridge, like all high-yielding utility stocks, has struggled in the past year as rising interest rates increase the appeal of competing bonds. Higher interest rates also make it more expensive for the company to make acquisitions and fund new growth projects.


However, Enbridge’s rate-regulated operations give it plenty of steady cash flow to service its debt....

CRESCENT POINT ENERGY, $9.58, is a buy for aggressive investors. The company (Toronto symbol CPG; Shares o/s: 536.1 million; Market cap: $5.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.2%) is now buying Hammerhead Energy (Toronto symbol HHRS) for $2.55 billion.


The deal will see Crescent Point acquire 105,000 acres and 800 drilling locations in the Montney region of northwest Alberta....

The shares of oil and gas stocks remain high as energy demand stays strong. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. But, to cut risk, you should stick with producers that have positive cash flow even in times of low energy prices....