oil and gas
Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to brighten prospects for their investors. Here are two buys that stand out this month:
RUSSEL METALS, $35.50, is a buy. The company (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (www.russelmetals.com; Shares outstanding: 62.7 million; Market cap: $2.2 billion; Dividend yield: 4.3%) is one of North America’s largest metal distributors: the company (symbol RUS on Toronto) serves 33,000 clients at 48 locations in Canada and 16 others in the U.S.
Russel’s revenue in the three months ended September 30, 2021, jumped 80.2%, to $1.11 billion from $614.9 million a year earlier....
RUSSEL METALS, $35.50, is a buy. The company (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (www.russelmetals.com; Shares outstanding: 62.7 million; Market cap: $2.2 billion; Dividend yield: 4.3%) is one of North America’s largest metal distributors: the company (symbol RUS on Toronto) serves 33,000 clients at 48 locations in Canada and 16 others in the U.S.
Russel’s revenue in the three months ended September 30, 2021, jumped 80.2%, to $1.11 billion from $614.9 million a year earlier....
DEVON ENERGY, $42.29, is a buy. The company (New York symbol DVN; TSINetwork Rating: Extra Risk) (www.dvn.com; Shares outstanding: 677.0 million; Market cap: $29.4 billion; Dividend yield: 1.0%) now pays out as much as 50% of its excess free cash flow in dividends....
A: Tamarack Valley Energy, $3.92, symbol TVE on Toronto (Shares outstanding: 406.3 million; Market cap: $1.6 billion; www.tamarackvalley.ca), is an oil and gas exploration and production firm in Western Canada....
October turned out to be a great month for all kinds of riskier assets. Top performers were commodities, with oil and copper leading the way. Precious metal producers also made strong gains while the energy and commodity-heavy Canadian indexes were spurred by those gains....
Oil stocks continue to rebound from their 2020 lows as the re-opening of the global economy pushes oil and gas prices to multi-year highs. We feel those prices will remain elevated, as producers focus on improving their efficiency instead of spending more on exploration given new caps on greenhouse emissions....
Oil prices have more than doubled over the last year to today’s price of roughly $83 U.S. a barrel. Natural gas prices are also up. Increased industrial activity is driving those gains as the world recovers from the pandemic. Still, energy prices will likely remain subject to wide and unpredictable swings—spurred by continually changing supply and demand, environmental pressures, and the shift to electric vehicles....
A: Whitecap Resources Inc., $7.41, symbol WCP on Toronto (Shares outstanding: 631.9 million; Market cap: $4.8 billion; www.wcap.ca), produces and explores for oil and natural gas in Western Canada....
Calian and Russel haven’t raised their dividends for several years. That’s mainly because they operate in cyclical businesses with unpredictable revenue streams. However, as leaders in their niche industries, those current payments still look secure for income investors.
CALIAN GROUP LTD....
CALIAN GROUP LTD....
A: Tourmaline Oil Corp., $44.05, symbol TOU on Toronto (Shares outstanding: 326.1 million; Market cap: $14.3 billion; www.tourmalineoil.com), is a Canadian oil and natural gas exploration, development, and production company....
Oil and gas stocks have moved up lately as the U.S. and other economies recover. 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....