oil and gas
BIRCHCLIFF ENERGY LTD., $9.97, is a buy for aggressive investors. The company (symbol BIR on Toronto) develops and produces oil and gas, mainly in the Peace River Arch area of both Alberta and B.C. Its average output of 73,746 barrels of oil equivalent per day is 83% natural gas and 17% oil.
Cash flow in the quarter ended June 30, 2022, jumped sharply, to 1.08 a share from $0.34 a year earlier....
Cash flow in the quarter ended June 30, 2022, jumped sharply, to 1.08 a share from $0.34 a year earlier....
Demand for Major Drilling’s specialized services, especially from senior gold producers, including Australia’s largest mining companies, is now recovering. Meanwhile, Computer Modelling is benefiting from expanding oil and gas drilling in response to higher energy prices....
ENBRIDGE INC. $49 is a buy. The oil and gas pipeline operator (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 2.0 billion; Market cap: $98.0 billion; Price-to-sales ratio: 1.9; Dividend yield: 6.9%; TSINetwork Rating: Above Average; www.enbridge.com) continues to expand its renewable energy operations as part of a plan to cut its greenhouse gas emissions 35% by 2030.
Under that plan, Enbridge has agreed to buy U.S.-based Tri Global Energy....
Even though oil and gas prices are down about a third from their recent peaks, they remain elevated compared to the past few years. Those high prices are letting Cenovus and Ovintiv pay down debt, which cuts their risk. Both are also increasing the cash they send to shareholders.
CENOVUS ENERGY INC....
CENOVUS ENERGY INC....
The shares of these two heavy equipment suppliers have slumped recently as investors fear a recession would hurt their earnings growth. However, both firms now get most of their revenue from servicing equipment, which cuts their reliance on new equipment sales....
NEWMONT CORP. $43.90, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 793.7 million; Market cap: $35.3 billion; TSINetwork Rating: Average; Dividend yield: 5.0%; www.newmont.com) is the world’s largest gold producer....
The shares of oil and gas stocks remain high as the U.S. and other economies recover—and with the Ukraine conflict. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. But to cut risk, you should stick with producers that have positive cash flow even in times of low energy prices....
As our long-time clients and readers know, we generally have a low opinion of stock market indicators.
Promoters of market indicators like to portray their discoveries as the product of a great deal of investment research, just like scientific studies. This is a ruse at best (or, in rare cases, a delusion)....
Promoters of market indicators like to portray their discoveries as the product of a great deal of investment research, just like scientific studies. This is a ruse at best (or, in rare cases, a delusion)....
ENBRIDGE INC., $51.22, Toronto symbol ENB, is a buy.
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.9 million consumers in Ontario.
Enbridge has agreed to sell a 11.57% stake in seven pipelines to a consortium of 23 First Nations and Métis groups....
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.9 million consumers in Ontario.
Enbridge has agreed to sell a 11.57% stake in seven pipelines to a consortium of 23 First Nations and Métis groups....
IMPERIAL OIL LTD. $60 is a buy. The company (Toronto symbol IMO; Cyclical-Growth Payer Portfolio, Resources sector; Shares outstanding: 636.7 million; Market cap: $46.2 billion; Dividend yield: 2.0%; Dividend Sustainability Rating: Above Average; www.imperialoil.ca) gets about 60% of its production from oil sands operations in Alberta....