oil and gas
August is traditionally a very quiet month for the launch of new investment products, including ETFs. But here’s one that’s brand-new to the market. We also look at another recent entrant to the ETF world, the Middlefield Group.
First Trust EIP Carbon Impact ETF $20.33 (New York symbol ECLN) includes listed energy companies that work to reduce carbon and other greenhouse gas emissions....
PENGROWTH ENERGY CORP. $0.35 (Toronto symbol PGF; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 560.0 million; Market cap: $196.0 million; Price-to-sales ratio: 0.4; Dividend suspended in January 2016; TSINetwork Rating: Speculative; www.pengrowth.com) has two main properties: its Lindbergh oil sands project in Alberta and its Groundbirch natural gas property in northeastern B.C.
Pengrowth produced an average of 22,707 barrels a day (81% oil and liquids, 19% natural gas) in the three months ended June 30, 2019....
A: The iShares India 50 ETF, $34.71, symbol INDY on New York (Units outstanding: 21.7 million; Market cap: $753.2 million; www.blackrock.com/us), aims to track an index composed of 50 of the largest Indian stocks.
ETFs, such as this one, are a lot like conventional, open-end mutual funds....
ETFs, such as this one, are a lot like conventional, open-end mutual funds....
A: Vermillion Energy Inc., $19.27 symbol VET on Toronto (Shares outstanding: 155.0 million; Market cap: $2.9 billion; www.vermilionenergy.com), is a Canadian-based oil and gas company with operations in this country, the U.S., France, Australia, Ireland, Germany and the Netherlands.
In the quarter ended June 30, 2019, its output jumped 27.8%, to 103,003 barrels of oil equivalent per day (45% natural gas and 55% oil) from 80,625 a year earlier.
Of that production, 59% was in Canada, 10% in France, 9% in the Netherlands, 8% in Ireland, 6% in Australia, 4% in Germany and 4% in the U.S....
In the quarter ended June 30, 2019, its output jumped 27.8%, to 103,003 barrels of oil equivalent per day (45% natural gas and 55% oil) from 80,625 a year earlier.
Of that production, 59% was in Canada, 10% in France, 9% in the Netherlands, 8% in Ireland, 6% in Australia, 4% in Germany and 4% in the U.S....
The slowing global economy continues to weigh on oil prices. That, in turn, has hurt the stock prices of oil producers.
We still advise investors to maintain some exposure to oil. For new buying, however, we prefer integrated producers like Chevron over exploration firms like Apache....
We still advise investors to maintain some exposure to oil. For new buying, however, we prefer integrated producers like Chevron over exploration firms like Apache....
ENERFLEX LTD. $13.06 (Toronto symbol EFX; TSINetwork Rating: Extra Risk) (403-387-6377; www.enerflex.com; Shares outstanding: 89.5 million; Market cap: $1.2 billion; Dividend yield: 3.2%) rents and sells equipment and services for natural gas production....
PARAMOUNT RESOURCES $6.08 (Toronto symbol POU; TSINetwork Rating: Speculative) (403-290-3600; www.paramountres.com; Shares outstanding: 130.9 million; Market cap: $796.0 million; No dividends paid) owns oil and gas properties in Alberta and B.C.
Paramount has now reportedly bought the Alberta oil sands assets of Koch Industries....
Paramount has now reportedly bought the Alberta oil sands assets of Koch Industries....
What is Pat’s commentary for the week of August 7, 2019
PEYTO EXPLORATION & DEVELOPMENT CORP. $4.00 (Toronto symbol PEY; Shares outstanding: 164.6 million; Market cap: $644.3 million; TSINetwork Rating: Extra Risk; Dividend yield: 6.0%; www.peyto.com) produces and explores for natural gas and oil in Alberta....
Can I get your recommendation on Inter Pipeline? It pays a high dividend. Thanks.