oil and gas
The best retirement investments are the same for everyone. Are you surprised? You shouldn’t be. After all, the aim is security.
The Canadian economy ranks among the top 10 globally. It’s also considered to be in the top 25% of the most competitive economies in the world; it is highly rated for its ability to train and attract skilled workers.
However, after solid growth in 2021 to 2022, higher interest rates have slowed the domestic economy down—although elevated oil and gas prices are providing a measure of support.
We still recommend that most Canadians hold the bulk of their portfolios in dividend-paying Canadian stocks, or ETFs that hold those stocks....
However, after solid growth in 2021 to 2022, higher interest rates have slowed the domestic economy down—although elevated oil and gas prices are providing a measure of support.
We still recommend that most Canadians hold the bulk of their portfolios in dividend-paying Canadian stocks, or ETFs that hold those stocks....
ARC RESOURCES, $20.28, is a buy. The company (Toronto symbol ARX; Shares outstanding: 607.8 million; Market cap: $12.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.4%; www.arcresources.com) produces natural gas as well as oil. Its average output of 343,630 barrels of oil equivalent per day is 63% natural gas and 37% oil.
Cash flow per share in the quarter ended June 30, 2023, fell 39.5%, to $0.92 from $1.52 a year earlier....
PEYTO EXPLORATION & DEVELOPMENT, $13.20, is a buy for aggressive investors. This gas producer (Toronto symbol PEY; Shares outstanding: 175.1 million; Market cap: $2.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 10.0%; www.peyto.com) will now buy Spanish energy company Repsol’s assets in Canada for $468 million U.S.
The assets include an upstream oil and gas business and related midstream facilities and infrastructure located predominantly in the Deep Basin region of Alberta.
Repsol’s Deep Basin assets will add about 23,000 barrels of oil equivalent per day to Peyto’s overall production (mainly gas).
Like all natural gas-weighted producers, Peyto will need gas prices to move up in order to report rising cash flow—and sustain its high dividend....
The assets include an upstream oil and gas business and related midstream facilities and infrastructure located predominantly in the Deep Basin region of Alberta.
Repsol’s Deep Basin assets will add about 23,000 barrels of oil equivalent per day to Peyto’s overall production (mainly gas).
Like all natural gas-weighted producers, Peyto will need gas prices to move up in order to report rising cash flow—and sustain its high dividend....
Tamarack Valley reported 60% higher cash flow while it now yields 3.8% from its existing oil and gas production.
AMAZON.COM INC., $127.12, symbol AMZN on Nasdaq, is a buy. The company is one of the world’s largest online retailers. It’s also the third-largest digital ad provider in the U.S. Through its Amazon Web Services (AWS), the company is one of the world’s largest providers of cloud infrastructure services.
Amazon has just agreed to invest up to $4 billion in privately held artificial-intelligence company Anthropic; it will take a minority ownership position, committing an initial $1.25 billion....
Amazon has just agreed to invest up to $4 billion in privately held artificial-intelligence company Anthropic; it will take a minority ownership position, committing an initial $1.25 billion....
Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month:
THERMO FISHER SCIENTIFIC INC., $504.89, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (thermofisher.com; Shares o/s: 385.9 million; Market cap: $196.4 billion; Dividend yield: 0.3%) has been hired by Denmark-based Novo Nordisk A/S (New York symbol NVO) as its second contract manufacturer for the hugely popular weight-loss drug Wegovy.
Thermo Fisher is doing the filling of the Wegovy injection pens at its factory in Greenville, North Carolina....
THERMO FISHER SCIENTIFIC INC., $504.89, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (thermofisher.com; Shares o/s: 385.9 million; Market cap: $196.4 billion; Dividend yield: 0.3%) has been hired by Denmark-based Novo Nordisk A/S (New York symbol NVO) as its second contract manufacturer for the hugely popular weight-loss drug Wegovy.
Thermo Fisher is doing the filling of the Wegovy injection pens at its factory in Greenville, North Carolina....
SMITH DOUGLAS HOMES CORP. has filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. The stock will trade on the New York exchange under the symbol SDHC.
Smith Douglas is a Georgia-based homebuilder focused on southeastern and southern U.S....
Smith Douglas is a Georgia-based homebuilder focused on southeastern and southern U.S....
The long-term dynamics of oil and gas producers are consistent—periods of high prices historically lead to large-scale capacity expansion and then invariably to overcapacity, lower prices, and poor profitability.
Illustrating that cyclical nature, shares of oil and gas producers have soared since early 2021—after a long period of decline.
The medium to long-term prospects for the energy industry were detailed in an in-depth report from the International Energy Agency published in late 2022....
Illustrating that cyclical nature, shares of oil and gas producers have soared since early 2021—after a long period of decline.
The medium to long-term prospects for the energy industry were detailed in an in-depth report from the International Energy Agency published in late 2022....
Oil and gas prices have pulled back lately, but still remain high. Meanwhile, demand should remain elevated for several years to come as the world continues to rely on fossil fuels even as it shifts to more-sustainable renewable energy sources.
Here are three ETFs that focus on oil and gas exploration and production....
Here are three ETFs that focus on oil and gas exploration and production....