oil and gas
FINNING INTERNATIONAL INC. $24 (Toronto symbol FTT; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 163.5 million; Market cap: $3.9 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.3%; TSINetwork Rating: Above Average; www.finning.com) sells and services Caterpillar-brand heavy equipment in Western Canada, South America and the U.K.
Finning recently paid $260 million for 4Refuel....
Finning recently paid $260 million for 4Refuel....
The energy industry can help provide a hedge against inflation and top energy dividend stocks offer current income—as well as a history of success and modern technology for future growth
CRESCENT POINT ENERGY $4.34 (Toronto symbol CPG; Shares ooutstanding: 550.6 million; Market cap: $2.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 1.0%; www.crescentpointenergy.com) produces oil and gas at its Bakken light oil development in southeastern Saskatchewan.
In the quarter ended December 31, 2018, Crescent’s average daily output fell 0.4%, to 178,198 barrels (90% oil, 10% gas) from 178,975 a year earlier....
AMERIGO RESOURCES $1.12 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 177.3 million; Market cap: $200.2 million; No dividends paid) processes copper and molybdenum from the waste rock of the El Teniente mine in Chile.
That site is the world’s largest copper operation, and the company’s contract with its owner runs through 2021....
Inter Pipeline yields a high, but well covered by cash flow, 8.3% dividend while trading at just 13.9 times expected earnings.
The best way to cut your risk when investing in oil and gas stocks is to focus on companies with long-lasting reserves. We also look for producers with low operating costs. That helps them stay profitable when oil prices decline.
We analyze three companies below: Encana and Cenovus offer strong long-term prospects; and while Pengrowth’s focus on its new oil sands project is a plus, its high debt load is a major risk factor.
ENCANA CORP....
We analyze three companies below: Encana and Cenovus offer strong long-term prospects; and while Pengrowth’s focus on its new oil sands project is a plus, its high debt load is a major risk factor.
ENCANA CORP....
Keyera Corp’s latest quarterly revenue is up 51.9%, and although its focus on one region and one commodity adds risk, a high 6.5% dividend yield boosts its appeal.
ENERPLUS CORP. $11.89 (Toronto symbol ERF; Shares outstanding: 243.8 million; Market cap: $2.9 billion; TSINetwork Rating: Speculative; Dividend yield: 1.0%) produces oil and gas from properties in Western Canada—Alberta, Saskatchewan and B.C.—as well as North Dakota and Montana....
Oil prices have moved up 5% since the U.S. imposed new sanctions on Venezuela’s oil exports. OPEC’s recent production cuts have also contributed to the increase.
However, crude prices will likely remain volatile over the next few years. We feel the best way for conservative investors to cut their oil risk is with integrated producers like Chevron....
MAJOR DRILLING $4.65 (Toronto symbol MDI; TSINetwork Rating: Speculative) (1-866-264-3986; www.majordrilling.com; Shares outstanding: 80.3 million; Market cap: $373.4 million; No dividends paid) is a large contract driller that mainly serves the mining industry.
Major believes that mining activity continues to deplete the world’s more easily accessible mineral reserves....