oil and gas

GOODYEAR TIRE & RUBBER CO., $14.18, is still a buy. The stock’s investors (symbol GT on Nasdaq) have bought into one of the world’s largest tiremakers, with 57 plants in 23 countries.

Goodyear’s shares took a big jump in mid-May 2023 after activist investor Elliott Management pushed for changes at the tiremaker....

ADF GROUP INC., $5.27, symbol DRX on Toronto, designs and engineers connections, fabrication, heavy steel built-ups, and miscellaneous and architectural metalwork. It provides its services from a 630,000-square-foot fabrication plant in Quebec and a 100,000-square-foot fabrication plant in Montana.

The company’s clients include general contractors, project owners, engineering firms and project architects, structural steel erectors, and other steel structure fabricators....

CGI INC., $137.75, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2023.

The stock lets investors tap Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....

We continue to recommend all investors maintain some exposure to the Resources sector—typically about 20% of your total portfolio. That’s mainly because resource stocks act as a hedge against inflation.


To further cut your risk, investors should stick with producers, such as the three we analyze below, with large reserves and low-cost operations....

OPEC and Russia (together accounting for about 40% of the world’s oil production) recently agreed to extend their current production cuts until the end of 2023, and likely into 2024. That has helped lift oil prices from about $67 U.S. a barrel in June to around $76 U.S.


We feel Imperial will move steadily higher given the company should benefit from the start up of the Trans Mountain oil pipeline expansion in the first quarter of 2024....

The United Arab Emirates is a small country in a potentially volatile region, with neighbours like Yemen and Iran nearby. Still, it has used its oil riches wisely to diversify the economy and become a major commercial hub in the Middle East.


Here’s an ETF that provides exposure to the top companies listed in the UAE.


ISHARES MSCI UAE ETF $14.66 (New York symbol UAE; TSINetwork ETF Rating: Aggressive; Market cap: $35.0 million) tracks the performance of the largest publicly listed UAE companies.


Financial Services account for 39% of its assets, while Telecommunications (18%), Real Estate (21%), Industrials (10%), and Energy (5%) are other key segments.


The ETF has a portfolio of 40 stocks; the top 10 holdings make up a high 74% of its assets....

ABCELLERA BIOLOGICS INC., $3.91, symbol ABCL on Nasdaq, launched its IPO in December 2020, when it sold shares to the public at $20 each. Early investors included Peter Thiel, DCVC Bio, and Viking Global.

The company isn’t so much a pharmaceutical firm, but instead provides an artificial intelligence-powered R&D platform that aims to speed up the drug development process.

AbCellera’s machine-learning technology is built into its exclusive software platform, called Celium; it lets the company screen and identify antibodies based on numerous parameters including their biochemical properties.

In the quarter ended June 30, 2023, AbCellera’s revenue was $10.1 million, down sharply from $45.9 million a year earlier....

Demand for Major Drilling’s specialized services is now recovering. 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, $8.04, is a buy. This large contract driller (Toronto symbol MDI; TSINetwork: Speculative) (majordrilling.com; Shares outstanding: 83.0 million; Market cap: $667.3 million; No dividends paid) mainly serves the mining industry.


In the quarter ended July 31, 2023, revenue fell slightly, to $198.9 million from $199.8 million a year earlier....

TRISURA GROUP LTD. $31 remains a buy for aggressive investors. The company (Toronto symbol TSU; Finance Sector; Shares outstanding: 47.4 million; Market cap: $1.5 billion; No dividend paid; Takeover Target Rating: Medium; www.trisura.com) took its current form on June 22, 2017, when Brookfield Asset Management Inc....

BLACKBERRY LIMITED, $4.73, symbol BB on Toronto, is a Waterloo-based provider of cybersecurity and Internet of Things (IoT) software. The company was formerly known as Research and Motion and got its current name from its BlackBerry smartphone. In January 2022, the company stopped servicing its smartphones.

On May 1, 2023, BlackBerry announced that its board of directors was initiating a strategic review of its various businesses to find possible ways to enhance shareholder value at the money-losing company....