oil and gas
PENGROWTH ENERGY $6.57 (Toronto symbol PGF; Shares outstanding: 517.7 million; Market cap: $3.4 billion; TSINetwork Rating: Average; Dividend yield: 7.3%; www.pengrowth.com) has gained over 31% since early July 2013. That’s mainly because the company has successfully completed its plan to sell some of its less important oil and gas properties in Western Canada.
The cash from these sales will help Pengrowth speed up the development of its Lindbergh oil sands project in Alberta....
The cash from these sales will help Pengrowth speed up the development of its Lindbergh oil sands project in Alberta....
PENGROWTH ENERGY CORP. $6.37 (www.pengrowth.com) has gained nearly 30% in the past three months. That’s mainly because the company has successfully completed its plan to sell some of its less important oil and gas properties in Western Canada. The cash from these sales will help Pengrowth speed up the development of its Lindbergh oil sands project in Alberta....
PRECISION DRILLING CORP. $10 (Toronto symbol PD; Aggressive Growth Portfolio, Resource sector; Shares outstanding: 276.9 million; Market cap: $2.8 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.0%; TSINetwork Rating: Extra Risk; www.precisiondrilling.com) provides contract-drilling services to land-based oil and gas producers, mainly in North America. As of June 30, 2013, it had 324 rigs in service.
Wet weather in Western Canada and low gas prices have hurt demand for Precision’s rigs. In the second quarter of 2013, its revenue fell 0.8%, to $378.9 million from $382.0 million a year earlier.
However, demand for the company’s Super Series rigs, which can reach deeper pockets of oil and gas, remains strong.
...
Wet weather in Western Canada and low gas prices have hurt demand for Precision’s rigs. In the second quarter of 2013, its revenue fell 0.8%, to $378.9 million from $382.0 million a year earlier.
However, demand for the company’s Super Series rigs, which can reach deeper pockets of oil and gas, remains strong.
...
ISHARES MSCI BRAZIL INDEX FUND $48.89 (New York Exchange symbol EWZ; buy or sell through brokers) is an exchange traded fund that is designed to track the Brazilian stock market.
Top holdings are Petrobras (oil and gas), 11.8%; Vale do Rio Doce (mining), 9.6%; Cia Itau Unibanco Holding (banking), 7.5%; Banco Brandesco preferred, 6.1%; Cia de Bebidas das Americas (beer and beverages), 5.7%; and BRF SA (food), 4.0%.
The ETF was launched on July 10, 2000. It has an expense ratio of 0.62%.
...
Top holdings are Petrobras (oil and gas), 11.8%; Vale do Rio Doce (mining), 9.6%; Cia Itau Unibanco Holding (banking), 7.5%; Banco Brandesco preferred, 6.1%; Cia de Bebidas das Americas (beer and beverages), 5.7%; and BRF SA (food), 4.0%.
The ETF was launched on July 10, 2000. It has an expense ratio of 0.62%.
...
United Technologies operates in two highly cyclical markets: building construction and aerospace. It gets around 20% of its revenue from military clients, so recent government cuts to defence spending also add to its risk.
However, the company is in a strong position to profit from several long-term trends.
For example, sales of its jet engines should rise as airlines replace their aging fleets....
However, the company is in a strong position to profit from several long-term trends.
For example, sales of its jet engines should rise as airlines replace their aging fleets....
FEDEX CORP. $130 (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 316.6 million; Market cap: $41.2 billion; Price-to-sales ratio: 0.9; Dividend yield: 0.5%; TSINetwork Rating: Average; www.fedex.com) has announced a new share buyback program that lets it repurchase up to 32 million of its common shares....
CHEMTRADE LOGISTICS INCOME FUND $16.95 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (416-496-5856; www.chemtradelogistics- .com; Units outstanding: 41.7 million; Market cap: $706.4 million; Dividend yield: 7.1%) is one of North America’s largest providers of removal services for resource firms, such as oil refineries and base-metal processors....
The Bakken formation covers parts of Montana, North Dakota and Saskatchewan and could contain 500 billion barrels of oil or more. Oil was first discovered at Bakken in 1951, but it has always been hard to extract from the rock. However, modern techniques, such as horizontal (or slant) drilling have made it easier to access hard-to reach deposits like those at Bakken. Major U.S. producers in the Bakken region include:...
APACHE CORP. $89 (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 389.4 million; Market cap: $34.7 billion; Price-to-sales ratio: 2.1; Dividend yield: 0.9%; TSINetwork Rating: Average; www.apachecorp.com) has stopped looking for oil and gas off the coast of Kenya, because it has been unable to find enough to justify developing these fields.
The company now plans to focus on its onshore projects in North America, which should account for 55% of its production in 2013, up from 31% in 2009. That should cut Apache’s risk.
Apache is still a hold....
The company now plans to focus on its onshore projects in North America, which should account for 55% of its production in 2013, up from 31% in 2009. That should cut Apache’s risk.
Apache is still a hold....