oil and gas
Oil prices have almost doubled over the last year to today’s price of roughly $73 U.S. a barrel. Natural gas prices are up as well. 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....
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....
Investing in the best TSX stocks can help you maximize your returns. Learn here about what we look for when making top picks from the Toronto Stock Exchange
RUSSEL METALS $34 is a buy. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 62.3 million; Market cap: $2.1 billion; Dividend yield: 4.5%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) has paid regular quarterly dividends of $0.38 a share since the third quarter of 2014; the annual rate of $1.52 yields a high 4.5%.
Russel and Japan’s Marubeni-Itochu Tubulars America have now agreed to combine their respective Canadian OCTG/line pipe businesses....
Russel and Japan’s Marubeni-Itochu Tubulars America have now agreed to combine their respective Canadian OCTG/line pipe businesses....
Stock markets, especially in the developed world, continued their rise in May. Commodity-producing nations, including Canada, lead the way. Notably, ETFs holding gold and oil producers were some of the big winners for the month.
On the other hand, decliners in the month included a number of high-flying tech, Internet, and biotech ETFs....
On the other hand, decliners in the month included a number of high-flying tech, Internet, and biotech ETFs....
BOMBARDIER INC. is still a hold. The company (Toronto symbols BBD.A $1.28 and BBD.B $1.07; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 2.4 billion; Market cap: $2.6 billion; Price-to-sales ratio: 0.4; Dividend suspended in February 2015; TSINetwork Rating: Speculative; www.bombardier.com) mainly makes business jets for the private sector, but is slowly expanding sales to military clients.
Bombardier recently won a new order from the U.S....
Bombardier recently won a new order from the U.S....
OPEC recently announced that it would gradually increase oil production over the next few months. Despite the extra supply, oil prices rose on the news because industrial activity around the world continues to recover from the pandemic. Stable prices will also help Ovintiv with its plan to pay down its debt and so cut the risk for its shareholders.
OVINTIV INC....
OVINTIV INC....
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 at low energy prices....
A: Verisk Analytics Inc., $171.46, symbol VRSK on Nasdaq (Shares outstanding: 162.1 million; Market cap: $28.0 billion; www.verisk.com), offers risk-assessment services for property and casualty insurers and other businesses....
CHEVRON CORP. $104 remains a buy. The leading integrated oil and gas producer (New York symbol CVX; Cyclical-Growth Dividend Payer Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $197.6 billion; Dividend yield: 5.2%; Dividend Sustainability Rating: Above Average; www.chevron.com) will raise its quarterly dividend by 3.9% with the June 2021 payment....
Buying the top Canadian energy stocks can strengthen your resource sector holdings if you follow this advice. Learn more in this article now.