oil and gas
A Montana judge recently forced TransCanada to stop work on the controversial Keystone XL pipeline project. The court ruled the U.S. State Department failed to sufficiently consider Keystone XL’s environmental impact before approving it in September 2018.
However, that project is just one of several new pipelines that TransCanada is currently working on....
However, that project is just one of several new pipelines that TransCanada is currently working on....
CHEVRON CORP. $110 (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares o/s: 1.9 billion; Market cap: $209.0 billion; Price-to-sales ratio: 1.5; Divd. yield: 4.1%; TSINetwork Rating: Average; www.chevron.com) continues to sell some of its less-important assets to focus on its main oil and gas operations.
As part of that plan, the company plans to sell its 40% stake in the Rosebank offshore oil discovery in the North Sea....
As part of that plan, the company plans to sell its 40% stake in the Rosebank offshore oil discovery in the North Sea....
MAJOR DRILLING $4.90 (Toronto symbol MDI; TSINetwork Rating: Speculative) (1-866-264-3986; www.majordrilling.com; Shares outstanding: 80.3 million; Market cap: $393.5 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....
Major believes that mining activity continues to deplete the world’s more easily accessible mineral reserves....
ALIMENTATION COUCHE-TARD $61.97 (Toronto symbol ATD.B: TSINetwork Rating: Average) (1-800-361-2612; www.couchetard.com; Shares outstanding: 567.4 million; Market cap: $35.3 billion; Dividend yield: 0.7%) operates 12,701 convenience stores throughout North America and Europe.
In the three months ended July 22, 2018, sales jumped 50.2%, to $14.79 billion from $9.85 billion a year earlier (all figures except share price in U.S....
In the three months ended July 22, 2018, sales jumped 50.2%, to $14.79 billion from $9.85 billion a year earlier (all figures except share price in U.S....
WAJAX CORP. $25.29 (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (905-212-3300; www.wajax.ca; Shares outstanding: 20.0 million; Market cap: $506.5 million; Dividend yield: 4.0%) sells and services cranes, forklifts and other heavy equipment....
BIRCHCLIFF ENERGY $4.82 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 263.0 million; Market cap: $1.3 billion; Dividend yield: 2.0%) explores for, develops and produces oil and gas, mainly in the Peace River Arch area of both Alberta and B.C....
GENERAL ELECTRIC CO. $12 (New York symbol GE, Shares outstanding: 8.7 billion; Market cap: $104.4 billion; Dividend yield: 4.0%; Takeover Target Rating: Low; www.ge.com) has replaced its CEO, John Flannery, with Larry Culp—the former CEO of Danaher Corp....
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SHAWCOR LTD. $24 (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.1 million; Market cap: $1.7 billion; Price-to- sales ratio: 1.1; Dividend yield: 2.5%; TSINetwork Rating: Average; www.shawcor.com) is a leading producer of sealants and coatings to keep oil and gas pipelines from rusting....
PRECISION DRILLING CORP. $4.13 (Toronto symbol PD; Aggressive Growth Portfolio, Resource sector; Shares outstanding: 293.2 million; Market cap: $1.2 billion; Price-to-sales ratio: 0.9; Dividend suspended in March 2016; TSINetwork Rating: Extra Risk; www.precisiondrilling.com) provides contract drilling services to land-based oil and gas producers, mainly in North America....