oil and gas
VANGUARD EMERGING MARKETS ETF $43.30 (New York symbol VWO; buy or sell through brokers) aims to track the FTSE Emerging Transitions Index, which is made up of common stocks of companies located in developing countries around the world. The fund has an MER of just 0.18%.
Vanguard Emerging Markets ETF’s top holdings include Samsung Electronics (South Korea), China Mobile (China: wireless), Petroleo Brasileiro SA (Brazil: oil and gas), Taiwan Semiconductor (Taiwan: computer chips), Vale SA (Brazil: mining), Banco Bradesco (Brazil: banking), Gazprom (Russia: gas utility), China Construction Bank, Itau Unibanco Holding SA (Brazil: banking), Industrial & Commercial Bank of China and CNOOC Limited (China: oil and gas).
The $74.6-billion fund’s breakdown by country is as follows: China (18.6%), Brazil (14.3%), Taiwan (11.1%), India (8.1%), South Africa (8.1%), South Korea (7.7%), Russia (6.4%), Mexico (5.6%), Malaysia (4.1%), Indonesia (3.2%), Thailand (3.0%), Turkey (2.3%), Chile (2.2%), Poland (1.4%) and others (3.9%).
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Vanguard Emerging Markets ETF’s top holdings include Samsung Electronics (South Korea), China Mobile (China: wireless), Petroleo Brasileiro SA (Brazil: oil and gas), Taiwan Semiconductor (Taiwan: computer chips), Vale SA (Brazil: mining), Banco Bradesco (Brazil: banking), Gazprom (Russia: gas utility), China Construction Bank, Itau Unibanco Holding SA (Brazil: banking), Industrial & Commercial Bank of China and CNOOC Limited (China: oil and gas).
The $74.6-billion fund’s breakdown by country is as follows: China (18.6%), Brazil (14.3%), Taiwan (11.1%), India (8.1%), South Africa (8.1%), South Korea (7.7%), Russia (6.4%), Mexico (5.6%), Malaysia (4.1%), Indonesia (3.2%), Thailand (3.0%), Turkey (2.3%), Chile (2.2%), Poland (1.4%) and others (3.9%).
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PASON SYSTEMS $17.93 (Toronto symbol PSI; TSINetwork Rating: Speculative) (403-301-3400; www.pason.com; Shares outstanding: 82.1 million; Market cap: $1.5 billion; Dividend yield: 2.9%) rents equipment for monitoring and managing oil and gas rigs. It also sells communication systems, such as its satellite system, which companies use to remotely collect data from their drilling operations....
SYMANTEC CORP. $23.62 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (1-408-517-8000; www.symantec.com; Shares outstanding: 689.2 million; Market cap: $16.7 billion; Dividend yield: 2.5%) sells computersecurity technology, including anti-virus and emailfiltering software, to businesses and consumers.
In its fiscal 2013 fourth quarter, which ended March 29, 2013, Symantec’s revenue rose 4.4%, to $1.75 billion from $1.68 billion a year earlier....
In its fiscal 2013 fourth quarter, which ended March 29, 2013, Symantec’s revenue rose 4.4%, to $1.75 billion from $1.68 billion a year earlier....
TELUS CORP., $37.39, Toronto symbol T, has agreed to buy rival wireless carrier Mobilicity. This privately held company began operating in 2010 and has 250,000 subscribers, mainly in large cities like Toronto, Vancouver, Calgary and Edmonton. To put that in context, Telus has 7.7 million wireless customers across Canada. Like other new entrants into Canada’s wireless market, Mobilicity has had a hard time competing with large, established carriers like Telus. As a result, it is close to bankruptcy....
A: The Global X FTSE Norway 30 ETF, $15.81, symbol NORW on Nasdaq (Shares outstanding: 4.1 million; Market cap: $64.8 million; www.globalxfunds.com), aims to track the FTSE Norway Index, which represents the 30 largest, most liquid Norwegian stocks. The ETF has a 0.50% MER and yields 2.8%. The fund’s top 10 holdings are: Statoil ASA (oil and gas) at 16.8%; DNB Nor ASA (Norway’s largest financial services group), 12.6%; Telenor ASA (telecommunications), 10.0%; Seadrill (offshore deepwater drilling), 9.7%; Orkla ASA (a conglomerate that includes grocery products, real estate, hydroelectric power and financial services), 5.3%; Yara International (chemicals and fertilizer), 4.7%; Subsea 7 SA (underwater engineering and construction, including drilling platforms and pipelines), 4.2%; TGS Nopec Geophysical (technical services for the oil and gas industry), 3.6%; Norsk Hydro ASA (aluminum producer), 3.6%; and Schibsted AS (media conglomerate), 3.4%. The Global X FTSE Norway 30 ETF’s breakdown by industry is as follows: Energy (46.2%), Financials (14.5%), Telecommunication Services (9.9%), Materials (9.2%), Consumer Goods (8.7%), Industrials (4.4%), Consumer Services (3.3%), Health Care (1.1%), Technology (1.0%), Fishing (1.0%), Information Technology (0.5%) and Consumer Discretionary (0.3%)....
Please note: The next Stock Pickers Digest newsletter issue will be sent out on Friday, May 24, 2013. WESTJET AIRLINES LTD., $21.85, symbol WJA on Toronto, fell almost 13% this week, even though it reported record earnings in the latest quarter. WestJet reports that its earnings jumped 33.3% in the three months ended March 31, 2013, to $91.1 million from $68.3 million a year earlier. That marks the company’s 32nd consecutive quarter of profitability. Earnings per share rose 38.8%, to $0.68 from $0.49, on fewer shares outstanding. Revenue rose 8.6%, to $967.2 million from $891.0 million a year earlier....
MCCOY CORP. (Toronto symbol MCB; www.mccoyglobal.com) operates through two divisions: Mobile Solutions and Energy Products and Services....
MCCOY CORP. $4.80 (Toronto symbol MCB; TSINetwork Rating: Speculative) (780-453-8451; www.mccoyglobal.com; Shares outstanding: 26.7 million; Market cap: $124.7 million; Dividend yield: 4.2%) operates through two divisions: Mobile Solutions and Energy Products and Services.
Energy Products and Services sells hydraulic equipment for drilling rigs. This gear includes power tongs, which are large, wrench-like tools that tighten and loosen the pipe in the drill hole. Mobile Solutions builds heavy-duty trailers for U.S. and Canadian clients in the oil and gas, wind energy, infrastructure and construction industries.
In the three months ended March 31, 2013, McCoy’s revenue fell 7.7%, to $42.0 million from $45.5 million. Sales declines at the Mobile Services division offset gains at Energy Products and Services. Earnings fell 4.3%, to $2.1 million, or $0.08 a share, from $2.2 million, or $0.08.
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Energy Products and Services sells hydraulic equipment for drilling rigs. This gear includes power tongs, which are large, wrench-like tools that tighten and loosen the pipe in the drill hole. Mobile Solutions builds heavy-duty trailers for U.S. and Canadian clients in the oil and gas, wind energy, infrastructure and construction industries.
In the three months ended March 31, 2013, McCoy’s revenue fell 7.7%, to $42.0 million from $45.5 million. Sales declines at the Mobile Services division offset gains at Energy Products and Services. Earnings fell 4.3%, to $2.1 million, or $0.08 a share, from $2.2 million, or $0.08.
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COMPUTER MODELLING GROUP $21.63 (Toronto symbol CMG; TSINetwork Rating: Speculative) (403-531-1300; www.cmgroup.com; Shares outstanding: 38.1 million; Market cap: $820.0 million; Dividend yield: 3.0%) sells consulting services and software that help oil and gas producers use advanced recovery techniques to get more out of their existing wells. The company has customers in over 50 countries and offices in Calgary, Houston, London, Caracas and Dubai.
In the three months ended December 31, 2012, Computer Modelling’s revenue rose 5.7%, to $16.8 million from $15.9 million a year earlier. Software licence sales increased, which offset a decline in consulting and professional services revenue. Earnings also rose 5.7%, to $6.2 million from $5.8 million. Earnings per share were unchanged at $0.16 on more shares outstanding.
Computer Modelling holds cash of $52.2 million, or $1.38 a share, and has no debt. It spent $3.1 million, or a high 18.7% of its revenue, on research in the latest quarter. The shares yield 3.0%.
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In the three months ended December 31, 2012, Computer Modelling’s revenue rose 5.7%, to $16.8 million from $15.9 million a year earlier. Software licence sales increased, which offset a decline in consulting and professional services revenue. Earnings also rose 5.7%, to $6.2 million from $5.8 million. Earnings per share were unchanged at $0.16 on more shares outstanding.
Computer Modelling holds cash of $52.2 million, or $1.38 a share, and has no debt. It spent $3.1 million, or a high 18.7% of its revenue, on research in the latest quarter. The shares yield 3.0%.
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PASON SYSTEMS $17.93 (Toronto symbol PSI; TSINetwork Rating: Speculative) (403-301-3400; www.pason.com; Shares outstanding: 82.1 million; Market cap: $1.5 billion; Dividend yield: 2.9%) rents equipment for monitoring and managing oil and gas rigs. It also sells communication systems, such as its satellite system, which companies use to remotely collect data from their drilling operations. Pason serves oil and gas producers and drilling contractors throughout Canada, the U.S., Mexico, Argentina and Australia.
In the three months ended March 31, 2013, Pason’s revenue fell 5.1%, to $109.3 million from $115.1 million a year earlier. Less drilling in the U.S. and Canada offset strong international sales. Cash flow per share fell 7.9%, to $0.58 from $0.63.
Pason holds cash of $168.9 million, or $2.06 a share, and has no debt.
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In the three months ended March 31, 2013, Pason’s revenue fell 5.1%, to $109.3 million from $115.1 million a year earlier. Less drilling in the U.S. and Canada offset strong international sales. Cash flow per share fell 7.9%, to $0.58 from $0.63.
Pason holds cash of $168.9 million, or $2.06 a share, and has no debt.
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