oil and gas
European industrial conglomerate ABB has opted to sell its struggling power grid business instead of spinning it off. That will nonetheless unlock value and let the company continue to reward investors.
ABB LTD. ADRs $26 is a buy. The company (New York symbol ABB; Manufacturing & Industry sector; ADRs outstanding: 2.1 billion; Market cap: $54.6 billion; Dividend yield: 3.2%; Takeover Target Rating: Medium; www.abb.com) took its present form in 1988 through the merger of Sweden’s Asea AB and Switzerland’s BBC Brown Boveri AG....
ABB LTD. ADRs $26 is a buy. The company (New York symbol ABB; Manufacturing & Industry sector; ADRs outstanding: 2.1 billion; Market cap: $54.6 billion; Dividend yield: 3.2%; Takeover Target Rating: Medium; www.abb.com) took its present form in 1988 through the merger of Sweden’s Asea AB and Switzerland’s BBC Brown Boveri AG....
The market recovery continued in June to cap off the second quarter’s strong performance. In fact, U.S. equities delivered their best quarter since 1998 while Canadian equities saw their best quarter since 2009. This followed one of the worst quarters ever recorded in both the U.S....
BANK OF MONTREAL $76 is a buy. The bank (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares o/s: 639.6 million; Market cap: $48.6 billion; Price-to-sales ratio: 2.1; Dividend yield: 5.7%; TSINetwork Rating: Above Average; www.bmo.com) had about $75.2 billion in loans (about 15% of its total loans) to businesses with significant exposure to COVID-19 risk as of April 30, 2020....
Both Pembina and Algonquin offer you a high, sustainable dividend yield. What’s more, the two companies keep making timely acquisitions to boost their cash flow. That should also lift your future dividends.
PEMBINA PIPELINE, $33.94, is a buy. The company (Toronto symbol PPL; Shares outstanding: 549.8 million; Market cap: $18.7 billion; TSINetwork Rating: Average; Divd....
A: Surge Energy, $0.33, symbol SGY on Toronto (Shares outstanding: 335.1 million; Market cap: $110.6 million; www.surgeenergy.ca), produces oil and gas in central and northwestern Alberta and southwestern Saskatchewan....
A: PrairieSky Royalty Ltd., $9.63, symbol PSK on Toronto (Shares outstanding: 232.6 million; Market cap: $2.2 billion; www.prairiesky.com), owns oil and natural gas rights on 7.8 million acres in Western Canada....
A: Power Metal Corp., $0.41, symbol PWM on the Toronto Venture Exchange (Shares outstanding: 102.9 million; Market cap: $42.0 million; www.powermetalscorp.com), is a Canadian mineral explorer with a focus on lithium and other high-growth specialty metals and minerals....
SHAWCOR LTD. $3.89 is still a buy, but only for highly aggressive investors. The company (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.2 million; Market cap: $273.1 million; Price-to-sales ratio: 0.2; Dividend suspended in March 2020; TSINetwork Rating: Average; www.shawcor.com) makes sealants and coatings that keep oil and gas pipelines from rusting....
Oil prices are moving up as OPEC producers and others cut their supply because of reduced global demand due to the pandemic. We feel oil prices will continue to move higher as more countries reopen their economies.
However, with oil and gas prices still at historically low levels, it’s unlikely that renewable power sources will soon replace the need for fossil fuels....
However, with oil and gas prices still at historically low levels, it’s unlikely that renewable power sources will soon replace the need for fossil fuels....
TC ENERGY INC., $62.06, is a buy. The company (Toronto symbol TRP; Shares o/s: 940.0 million; Market cap: $58.3 billion; TSINetwork Rating: Above Average; Dividend yield: 5.2%; www.transcanada.com) has teamed up with Calgary-based WindRiver Power Corp....