oil and gas
Investing in TSX-listed companies can be most successful when you target a mix of blue chip, value, and growth stocks. Learn more in this article now.
The shares of oil and gas stocks remain high as energy demand stays strong. Still, to cut risk, stick with producers that have positive cash flow even in times of low energy prices. Here are two that should meet that requirement. Moreover, they pay solid dividends.
CENOVUS ENERGY, $19.39, is a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 1.8 billion; Market cap: $35.2 billion; TSINetwork Rating: Average; Dividend yield: 4.1%; cenovus.com) is now Canada’s third-largest producer of oil and natural gas after Canadian Natural Resources and Suncor....
We continue to recommend you maintain some exposure to oil stocks as part of the Resources portion of your stock holdings. High-quality integrated producer Imperial Oil continues to hit new all-time highs—and it’s now up 42% since we made it a #1 Buy for 2024....
Explore the global energy demand outlook to 2030 and beyond, including trends in renewable energy, oil, and gas—and how investors can position their portfolios.
WSP GLOBAL INC., $276.64, symbol WSP on Toronto, is a professional services consulting firm. It employs about 72,600 people, mainly engineers, technicians, scientists, environmental specialists, planners, and architects. The company is headquartered in Montreal and has over 531 offices in 50 countries.
WSP’s recently completed or ongoing major projects are varied....
WSP’s recently completed or ongoing major projects are varied....
ELI LILLY AND COMPANY, $762.73, is a buy. The drugmaker (symbol LLY on New York) discovers, develops, manufactures and markets human pharmaceutical products.
Lilly has now agreed to acquire Verve Therapeutics. The purchase price is $1 billion upfront....
Lilly has now agreed to acquire Verve Therapeutics. The purchase price is $1 billion upfront....
Demand for Major Drilling’s specialized services now looks to be moving up. Meanwhile, Computer Modelling is benefiting from expanded oil and gas drilling in response to overall higher energy prices. We think there are gains ahead for both stocks.
COMPUTER MODELLING GROUP, $6.86, is a buy. The company (Toronto symbol CMG; TSINetwork Rating: Extra Risk) (www.cmgl.ca; Shares outstanding: 82.5 million; Market cap: $566.2 million; Dividend yield: 2.9%) offers software and consulting services to help conventional oil and gas producers create 3D models of reservoirs....
Despite the negative impact of U.S. tariffs on Canadian oil imports, the long-term outlook for Cenovus is bright. The company’s high-quality reserves will last 29 years, and its rising production will give it more cash to reward shareholders with higher dividends and share buybacks.
CENOVUS ENERGY INC....
CENOVUS ENERGY INC....
Ovintiv recently increased its presence in B.C.’s Montney region. Combined with its other high-quality properties and focus on cutting its drilling and other costs, the company is in a strong position to increase its cash flow.
OVINTIV INC. $56 is a buy. The company (Toronto symbol OVV; Conservative Growth Portfolio, Resources sector; Shares outstanding: 261.1 million; Market cap: $14.6 billion; Price-to-sales ratio: 1.1; Dividend yield: 2.9%; TSINetwork Rating: Average; www.ovintiv.com) operates three core properties: Montney (B.C.), Permian (Texas) and Anadarko (Oklahoma)....
OVINTIV INC. $56 is a buy. The company (Toronto symbol OVV; Conservative Growth Portfolio, Resources sector; Shares outstanding: 261.1 million; Market cap: $14.6 billion; Price-to-sales ratio: 1.1; Dividend yield: 2.9%; TSINetwork Rating: Average; www.ovintiv.com) operates three core properties: Montney (B.C.), Permian (Texas) and Anadarko (Oklahoma)....
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