oil and gas
IMPERIAL OIL LTD., $69.74, is a buy. The company (Toronto symbol IMO; Shares outstanding: 584.2 million; Market cap: $41.5 billion; TSINetwork Rating: Average; Dividend yield: 2.9%; www.imperialoil.ca) gets about 90% of its production from oil sands operations in Alberta....
A: Baytex Energy Corp., $5.30, symbol BTE on Toronto (Shares outstanding: 856.9 million; Market cap: $4.6 billion; www.baytexenergy.com), explores for, develops and produces oil and gas in Western Canada and the Eagle Ford region of Texas....
A: Flowserve Corp., $37.67, symbol FLS on New York (Shares outstanding: 131.1 million; Market cap: $4.9 billion; www.flowserve.com), manufactures industrial pumps, valves, and other machinery for several industries that use difficult-to-handle or corrosive fluids....
A: Keyera Corp., $32.86, symbol KEY on Toronto (Shares outstanding: 229.2 million; Market cap: $7.5 billion; www.keyera.com), engages in the gathering and processing of natural gas; and the transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the U.S.
The company operates in the oil and gas industry between the upstream segment, which includes oil and gas exploration and production, and the downstream segment, which includes the refining, distribution and retail marketing of the end product.
Keyera is organized into three operating segments:
The company operates in the oil and gas industry between the upstream segment, which includes oil and gas exploration and production, and the downstream segment, which includes the refining, distribution and retail marketing of the end product.
Keyera is organized into three operating segments:
- Gathering and Processing. Keyera owns and operates raw gas gathering pipelines and processing plants, which collect and process natural gas, remove waste products and separate the economic components—primarily NGLs....
CHEVRON CORP. $161 is a buy. The company (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $305.9 billion; Price-to-sales ratio: 1.3; Dividend yield: 3.8%; TSINetwork Rating: Average; www.chevron.com) is the second-largest integrated oil producer in the U.S....
The toll rates that pipeline operators like TC Energy charge oil and gas producers are mainly set by government regulators. Those set rates ensure providers get an acceptable rate of return on new projects. The government-involvement also protects TC from volatile swings in energy prices.
Thanks to those predictable revenues, TC has now raised its dividend each year for the past 23 years....
Thanks to those predictable revenues, TC has now raised its dividend each year for the past 23 years....
EXXON MOBIL CORP., $103.89, symbol XOM on New York, is one of the world’s largest integrated oil and gas companies. Its operations include oil and gas production, as well as refining and chemical businesses. Its 62,300 employees operate on every continent except Antarctica.
On July 13, 2023, Exxon announced that it would acquire Denbury Inc....
On July 13, 2023, Exxon announced that it would acquire Denbury Inc....
Oil and gas stocks moved up as the U.S. and other economies recovered after the pandemic. The war in Ukraine also spurred prices. Prices have softened lately on fears of slowing global economies, but we still recommend that most investors maintain exposure to the oil and gas industry as part of a balanced portfolio....
VALMONT INDUSTRIES INC., $277.52, symbol VMI on New York, is a leader in designing and manufacturing highly engineered products and services for the global infrastructure and agriculture markets.
Its infrastructure products include light standards, traffic lights, sign structures, bridge structures, mass transit poles, etc....
Its infrastructure products include light standards, traffic lights, sign structures, bridge structures, mass transit poles, etc....
SHAWCOR LTD. $20 (www.mattr.com) remains a buy. As part of its re-organization, ShawCor plans to change its legal name to Mattr. As a result, the stock now trades under the “MATR” symbol instead of “SCL.” The re-organization mainly involves selling businesses that serve the oil and gas industry, such as pipeline coating....