oil and gas

BONAVISTA ENERGY, $0.15, is now a sell. The company (Toronto symbol BNP; Shares outstanding: 265.2 million; Market cap: $38.6 million; TSINetwork Rating: Speculative; No dividends paid; www.bonavistaenergy.com) has total debt of $844.0 million, which dwarfs its depressed market cap of $37.5 million.


But not only that, Bonavista is now in breach of its debt covenants....

The global economic slowdown resulting from the coronavirus has hit some industries especially hard. That includes airlines, hotels, casinos and restaurants—and oil and gas. But unlike many of those companies, the best energy stocks for investors continue to report positive cash flow....

RUSSEL METALS INC. $15 is still a buy for aggressive investors. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 62.2 million; Market cap: $933.0 million; Dividend yield: 10.1%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is one of North America’s largest metal distributors....

We often remind our readers that a high dividend yield is a good indicator that investors expect a dividend cut.


As a result of the sharp drop in crude oil prices, Pembina’s shares have fallen and its yield jumped to 7.2%. However, the dividend looks safe as the company gets most of its cash flow from secured, fixed-price contracts unrelated to oil prices or volumes.


PEMBINA PIPELINE CORP....

Perhaps not surprisingly, risky assets rebounded substantially in April after considerable selling in late March. The extraordinary level of stimulus provided by central banks and governments around the world also helped to fuel the upswing for hard-hit investors.


At the broad market level, the Vanguard Total World Stocks ETF (VT) gained 12.5% in April, the Vanguard S&P 500 ETF (VOO) 14.9%, and the energy-heavy iShares MSCI Canada Equity ETF (EWC) was up 14.2%....

CENOVUS ENERGY INC. $5.03 remains a buy for patient investors. The company (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares o/s: 1.2 billion; Market cap: $6.0 billion; Price-to-sales ratio: 0.3; Dividend suspended in March 2020; TSINetwork Rating: Extra Risk; www.cenovus.com) owns 100% of the Christina Lake and Foster Creek oil sands properties in Alberta....

Enbridge is now down 18% since the end of February, having recovered from its initial 34% drop on Coronavirus fears and the oil price war between Saudi Arabia and Russia. However, investors still fear depressed energy prices will hurt shipping volumes for Enbridge’s pipelines and erode its cash flow....

TC ENERGY INC., $67.49, is a buy. The company (Toronto symbol TRP; Shares o/s: 939.8 million; Market cap: $63.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.transcanada.com) has announced a new deal to build the Keystone XL pipeline, which would pump crude from Alberta to Nebraska.


Under the new agreement, Alberta’s provincial government will invest $1.1 billion U.S....

Successful Investors always give dividend stocks the respect they deserve and most view them as the foundation of a sound and profitable investment portfolio.

But finding the right dividend payers can be challenging for new investors as well as experienced ones....

When we made Intact Financial one of our three 2020 #1 picks, we were looking for it to build on the 41% gain it handed our subscribers in 2019. This year, we still expect it to add to that stellar 2019 performance as it pushes deeper into new lucrative specialty markets in the U.S.


Intact shares dropped to as low as $104.81 in March 2020 when markets overall fell as the serious impact of COVID-19 on the economy became evident....