oil and gas
A top oil ETF will give your portfolio exposure to oil prices. But like all ETFs, you need to choose wisely.
Use these strategies to uncover the top TSX stocks, including undervalued stocks that could boost the value of your portfolio
PARAMOUNT RESOURCES $6.87 (Toronto symbol POU; TSINetwork Rating: Speculative) (403-290-3600; www.paramountres.com; Shares outstanding: 130.9 million; Market cap: $943.2 million; No dividends paid) owns oil and gas properties in Alberta and B.C.
The company cut development spending to conserve cash due to low oil and gas prices....
The company cut development spending to conserve cash due to low oil and gas prices....
CIMAREX ENERGY $49.76 (New York symbol XEC; TSINetwork Rating: Extra Risk) (303-295-3995; www.cimarex.com; Shares outstanding: 101.4 million; Market cap: $5.2 billion; Dividend yield: 1.6%) produces and explores for natural gas and oil....
Aggressive stocks, such as those featured in the portfolio on page 80, can lead to big returns. However, due to the risky or cyclical nature of their businesses, investment in higher-growth stocks can also produce big losses. That’s why you should limit your aggressive holdings to no more than about 30% of your overall portfolio.
We continue to like the long-term prospects of the best aggressive stocks....
We continue to like the long-term prospects of the best aggressive stocks....
PENGROWTH ENERGY $0.50 (Toronto symbol PGF; Shares o/s: 547.4 million; Market cap: $280.0 million; TSINetwork Rating: Speculative; No dividends paid; 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’s average output in the three months ended March 31, 2019, rose 16.5%, to 22,764 barrels a day (82% oil and liquids, 18% natural gas) from 19,541 barrels a year earlier....
Pengrowth’s average output in the three months ended March 31, 2019, rose 16.5%, to 22,764 barrels a day (82% oil and liquids, 18% natural gas) from 19,541 barrels a year earlier....
CRESCENT POINT ENERGY $4.04 (Toronto symbol CPG; Shares outstanding: 547.2 million; Market cap: $2.2 billion; TSINetwork Rating: Extra Risk; Dividend yield: 1.0%; www.crescentpointenergy.com) produces oil and gas in western Canada and Utah, with a focus on its Bakken light oil development in southeastern Saskatchewan.
In the quarter ended March 31, 2019, Crescent’s average daily output fell 1.4%, to 175,955 barrels (91% oil, 9% gas) from 178,418 a year earlier....
In the quarter ended March 31, 2019, Crescent’s average daily output fell 1.4%, to 175,955 barrels (91% oil, 9% gas) from 178,418 a year earlier....
A: PrairieSky Royalty Ltd., $18.25, symbol PSK on Toronto (Shares outstanding: 233.7 million; Market cap: $4.2 billion; www.prairiesky.com), owns the oil and natural gas rights to 7.2 million acres....
A: Canoe EIT Income Fund, $11.12, symbol EIT.UN on Toronto (Units outstanding: 117.6 million; Market cap: $1.3 billion; www.canoefinancial.com), changed its name from EnerVest Diversified Income Trust in November 2013....
MULLEN GROUP LTD. $9.86 (Toronto symbol MTL; Shares o/s: 104.8 million; Market cap: $1.03 billion; Dividend yield: 6.1%; www.mullen-group.com) provides specialized transport services, including trucking and logistics to the oil and natural gas industry in Canada and the U.S.
Mullen pays a monthly dividend of $0.05 a share: the stock yields a high 6.1%.
The company has expanded its business rapidly through acquisition....
Mullen pays a monthly dividend of $0.05 a share: the stock yields a high 6.1%.
The company has expanded its business rapidly through acquisition....