oil and gas
This year turned out to be a particularly good time to follow our Successful Investor investment approach. Our system has three key rules:
Rule #1: Invest mainly in well-established, profitable, dividend-paying stocks.
Our first rule will help you stay out of high-risk, low-quality investments....
Rule #1: Invest mainly in well-established, profitable, dividend-paying stocks.
Our first rule will help you stay out of high-risk, low-quality investments....
CANADIAN IMPERIAL BANK OF COMMERCE, $55.44, Toronto symbol CM, remains a buy for long-term gains.
CIBC is now raising your quarterly dividend by 2.4% with the January 2023 payment. Investors will then receive $0.85 a share instead of $0.83. The new annual rate of $3.40 yields a high 6.1%.
As well, starting with this payment, the bank will let shareholders automatically re-invest their dividends in new common shares at a 2% discount to the market price.
The stock has dropped 14% since the start of December, mainly due to concerns that rising interest rates will slow demand for new residential mortgages and refinancing....
CIBC is now raising your quarterly dividend by 2.4% with the January 2023 payment. Investors will then receive $0.85 a share instead of $0.83. The new annual rate of $3.40 yields a high 6.1%.
As well, starting with this payment, the bank will let shareholders automatically re-invest their dividends in new common shares at a 2% discount to the market price.
The stock has dropped 14% since the start of December, mainly due to concerns that rising interest rates will slow demand for new residential mortgages and refinancing....
Canadian equipment auctioneering firm Ritchie Bros. recently agreed to acquire IAA Inc., a firm that Kar Auction Services spun off in June 2019. IAA salvages damaged vehicles and sells them through online auctions.
At the time of the split, we recommended IAA as a spinoff buy....
At the time of the split, we recommended IAA as a spinoff buy....
MCDONALD’S CORP., $271.92, New York symbol MCD, is your #1 Conservative Buy for 2022.
The company is the world’s largest fast-food chain with 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries....
The company is the world’s largest fast-food chain with 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries....
CANADIAN IMPERIAL BANK OF COMMERCE, $58.52, Toronto symbol CM, remains a buy for long-term gains.
The stock has dropped 10% since the start of December, mainly due to concerns that rising interest rates will slow demand for new residential mortgages and refinancing....
The stock has dropped 10% since the start of December, mainly due to concerns that rising interest rates will slow demand for new residential mortgages and refinancing....
Pipeline operator Enbridge continues to benefit from rising oil and gas demand as the economy rebounds from the COVID-19 shutdowns. Steady cash flow from those operations will let it keep raising your dividend. The company is also investing in renewable power projects, which will improve its profile with big investors like pension plans....
Like Imperial Oil (see page 1), these three oil and gas producers are also benefitting from higher energy prices and moderating capital spending plans. That’s freeing up more cash for dividends and debt repayments.
We continue to see all three as high-quality buys for the Resources portion of your portfolio....
We continue to see all three as high-quality buys for the Resources portion of your portfolio....
Crude oil prices have steadily declined to the current $74 U.S. per barrel after soaring to about $124 U.S. in March 2022. That was following Russia’s invasion of Ukraine. Note, however, that today’s price is still above the pre-pandemic price of around $60 U.S.
It’s likely crude prices will remain elevated for some time as Canadian oil producers, like Imperial Oil, and their U.S....
It’s likely crude prices will remain elevated for some time as Canadian oil producers, like Imperial Oil, and their U.S....
Oil and gas stocks have moved up as the U.S. and other economies recover. The war in Ukraine has also spurred prices. We recommend that most investors maintain exposure to the oil and gas industry as part of a balanced portfolio. But to cut risk, you should focus on producers with positive cash flow even at low energy prices....
TC ENERGY INC., $59.60, is a buy. The company (Toronto symbol TRP; Shares o/s: 983.5 million; Market cap: $60.3 billion; TSINetwork Rating: Above Average; Dividend yield: 6.0%; www.tcenergy.com.) continues to benefit from rising oil and gas prices, which have spurred demand for space on its pipelines....