oil and gas

Chevron rebounded strongly as re-opening of the global economy lifted crude oil prices—the stock is up 62% in the past year compared to the 14% drop for the S&P 500 Index.


While oil prices could suffer if the economy weakens, higher profits from Chevron’s refining operations (which need crude oil) would help offset that decline....
If you want to find a high-quality Canadian energy ETF to invest in, then you need to look at the stocks it holds, its liquidity, and more
ALCON INC., $65.70, is a buy. The company (symbol ALC in New York) is the world’s biggest eye-care company. Specifically, its the leader in ocular surgical supplies and No. 2 in contact lenses.

While Alcon is based in Switzerland, it is headed by an American, reports its results in U.S....
LOBLAW COMPANIES LTD., $110.94, Toronto symbol L, is a buy.

The company operates 1,092 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.

In March 2014, it purchased the Shoppers Drug Mart chain for $12.3 billion in cash and shares....
ALGONQUIN POWER & UTILITIES CORP., $10.28, Toronto symbol AQN, is still a buy for long-term gains.

The company has two main businesses: the Regulated Services Group provides regulated electricity, gas, water distribution and wastewater collection services in Canada, the U.S., Chile, and Bermuda; and the Renewable Power Group produces electricity from about 40 clean-energy plants in North America.

Algonquin last raised your quarterly dividend with the July 2022 payment....

Oil and gas stocks have moved up lately as the U.S. and other economies recover. Birchcliff Energy shares have almost tripled over the last year. Still, the shares remain cheap for investors looking to profit from the continuing energy rebound.


BIRCHCLIFF ENERGY, $10.72, is a buy. The company (Toronto symbol BIR; TSINetwork Rating: Speculative) (Shares o/s: 265.9 million; Market cap: $2.9 billion; Dividend yield: 0.8%) reports that its cash flow in the quarter ended September 30, 2022, jumped 60.3%, to $1.01 a share from $0.63 a year earlier....
YAMANA GOLD INC., $6.80, is a hold. The miner (symbol YRI on Toronto) owns and operates five gold mines, in Canada, Brazil, Chile and Argentina. This includes the Cerro Moro gold/silver mine in Argentina. It started up in mid-2018.

On May 31, 2022, Yamana received a $6.7 billion U.S....
CGI INC., $113.30, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2022.

The stock lets investors tap Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies....
BANK OF NOVA SCOTIA $66 is a buy. The stock (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $79.2 billion; Price-to-sales ratio: 2.6; Dividend yield: 6.2%; TSINetwork Rating: Above Average; www.scotiabank.com) is down 28% since the start of 2022, mainly due to concerns that rising interest rates will lead to a jump in loan writeoffs.


However, its credit quality remains strong....
Here’s Part Two of the text of the most-recent letter I sent to our Portfolio Management clients in July this year:

What’s one more busted supply chain?

It’s natural for businesses to lament the breakdown of the world-spanning supply chains, since it’s costing them money....