oil and gas
The Canadian economy ranks among the top 10 globally and is considered to be in the top 20 of the world’s most competitive economies. Notably, the prosperity of our country’s economy is highly dependent on exports to the U.S., its main trading partner. That means tariffs imposed by the U.S....
A: Bunge Global SA, $81.62, symbol BG on New York (Shares outstanding: 139.6 million; Market cap: $11.4 billion; www.bunge.com), is a leading global agribusiness and food company.
The company is a leader in its industry on several fronts: it processes oilseed, such as soybeans, and produces and sells vegetable oils and proteins; it processes grains; and it also produces and sells wheat flours, bakery mixes, and corn-based products across North and South America.
In Brazil, Bunge also produces sugar and ethanol through its 50% interest in BP Bunge Bioenergia, a joint venture with oil and gas giant BP plc.
In October 2023, Bunge’s shareholders voted to change the company’s place of incorporation and residence from Bermuda to Switzerland.
The company now operates through three segments: Agribusiness, Refined and Specialty Oils, and Milling.
The Agribusiness segment buys, stores, transports, processes, and sells agricultural commodities and commodity products....
The company is a leader in its industry on several fronts: it processes oilseed, such as soybeans, and produces and sells vegetable oils and proteins; it processes grains; and it also produces and sells wheat flours, bakery mixes, and corn-based products across North and South America.
In Brazil, Bunge also produces sugar and ethanol through its 50% interest in BP Bunge Bioenergia, a joint venture with oil and gas giant BP plc.
In October 2023, Bunge’s shareholders voted to change the company’s place of incorporation and residence from Bermuda to Switzerland.
The company now operates through three segments: Agribusiness, Refined and Specialty Oils, and Milling.
The Agribusiness segment buys, stores, transports, processes, and sells agricultural commodities and commodity products....
AMENTUM HOLDINGS INC., $22.51, symbol AMTM in New York, provides advanced engineering and technology solutions to the U.S. government and its allied partners (90% of revenue) and commercial customers (10%). It sells to energy, environmental, intelligence, space, defence, civilian and commercial markets.
On September 27, 2024, Amentum completed a major merger with the Critical Mission Solutions (CMS) and Cyber and Intelligence (C&I) businesses of Jacobs Solutions (symbol J on New York)....
On September 27, 2024, Amentum completed a major merger with the Critical Mission Solutions (CMS) and Cyber and Intelligence (C&I) businesses of Jacobs Solutions (symbol J on New York)....
THOMSON REUTERS CORP., $223.89, Toronto symbol TRI, is a buy.
The company sells specialized information and software to the legal, tax and accounting fields. It also owns the Reuters news service.
Thomson last increased your quarterly dividend by 10.2% with the March 2024 payment....
The company sells specialized information and software to the legal, tax and accounting fields. It also owns the Reuters news service.
Thomson last increased your quarterly dividend by 10.2% with the March 2024 payment....
PEMBINA PIPELINE CORP. $52 is a buy. The company (Toronto symbol PPL; High-Growth Dividend Payer Portfolio; Utilities sector; Shares outstanding: 580.5 million; Market cap: $30.2 billion; Dividend yield: 5.3%; Dividend Sustainability Rating: Above Average; www.pembina.com) operates pipelines that carry half of Alberta’s conventional oil and almost all of B.C.’s oil.
The company has paid dividends continuously since 1997....
The company has paid dividends continuously since 1997....
Oil giant Chevron recently won U.S. regulatory approval for its deal to buy smaller rival Hess Corp. While expanding by acquisition adds risk, the new operations will add several promising properties to Chevron’s reserves. The extra cash flow will also let the oil giant keep raising your dividend—something it’s done each of the past 37 years.
CHEVRON CORP....
CHEVRON CORP....
COMPUTER MODELLING GROUP, $10.90, is a buy. The company (Toronto symbol CMG; TSINetwork Rating: Extra Risk) (www.cmgl.ca; Shares outstanding: 82.2 million; Market cap: $895.4 million; Dividend yield: 1.8%) is now acquiring Sharp Reflections GmbH for $37 million.
Sharp is headquartered in Germany, with operations in the U.S....
Sharp is headquartered in Germany, with operations in the U.S....
We still recommend that most investors maintain exposure to the oil and gas industry as part of a balanced portfolio. To cut risk, focus on producers with positive cash flow even at lower energy prices. Here’s one that meets that requirement—and pays a solid dividend.
COTERRA ENERGY, $24.52, is a buy. The company (New York symbol CTRA; TSINetwork Rating: Extra Risk) (www.coterra.com; Shares outstanding: 736.4 million; Market cap: $18.2 billion; Dividend yield: 3.4%) produces and explores for natural gas and oil....
WAJAX CORP., $23.78, is a buy. Through their shares, investors benefit from the company’s (symbol WJX on Toronto) sales and servicing of cranes, forklifts and other heavy equipment. Wajax also provides related parts and systems such as ball bearings, hoses, diesel engines and transmissions.
The company’s customers are spread across the resources, construction, manufacturing and transportation industries.
In the quarter ended September 30, 2024, Wajax’s overall revenue fell 5.6%, to $481.0 million from $509.7 million a year earlier....
The company’s customers are spread across the resources, construction, manufacturing and transportation industries.
In the quarter ended September 30, 2024, Wajax’s overall revenue fell 5.6%, to $481.0 million from $509.7 million a year earlier....
IMPERIAL OIL, $100.29, is a #1 Buy for 2024. The company (Toronto symbol IMO; Shares o/s: 523.4 million; Market cap: $53.6 billion; TSINetwork Rating: Average; Yield: 2.4%; www.imperialoil.ca) gets about 99% of its production from oil sands operations in Alberta....