oil and gas

OVINTIV INC., $59.96, is a buy. The energy producer (Toronto symbol OVV; Shares outstanding: 260.3 million; Market cap: $16.2 billion; TSINetwork Rating: Average; Dividend yield: 2.7%) operates four core oil and gas properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah).


Ovintiv recently agreed to acquire certain assets in the Montney region from Paramount Resources Ltd....

The shares of oil and gas stocks remain high as energy demand stays strong. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. But, to cut risk, you should stick with producers that have positive cash flow even in times of low energy prices....

RUSSEL METALS INC., $44.24, is a buy. Through their shares, investors tap one of North America’s largest metals distribution companies, with a growing focus on value-added processing.

The company carries on business in three segments: metals service centres, energy field stores and steel distributors....

Devon Energy yields 2.3% as a recent acquisition powers immediate growth in prime oil basin with solid cash flow and continued share buybacks.

A: Baytex Energy Corp., $4.17, symbol BTE on Toronto (Shares outstanding: 787.3 million; Market cap: $3.3 billion; www.baytexenergy.com), explores for, develops and produces oil and gas in Western Canada and the Eagle Ford region of Texas.

The company’s output is 14% natural gas and 86% oil.

In June 2023, Baytex completed its acquisition of Ranger Oil Corp....

This month we highlight a natural resources ETF actively managed by a team with a strong track record. We also consider an ETF that invests in smaller U.S.-listed companies that are considered high-quality and pay regular dividends.


Mackenzie Core Resources ETF $20.97 (Toronto symbol MORE) invests mainly in the shares of Canadian companies involved in oil and gas production as well as mining.


The fund intends to keep at least 80% of the portfolio invested in Canadian companies, with the balance spread across the world....

Here are two of our top safety-conscious recommendations. Both have growth ahead. Look for that to spur their share prices and your returns.


IMPERIAL OIL LTD., $101.02, is a #1 Buy for 2024. The company (Toronto symbol IMO; Shares o/s: 523.4 million; Market cap: $52.9 billion; TSINetwork Rating: Average; Dividend yield: 2.4% www.imperialoil.ca) gets over 90% of its production from the oil sands of Alberta....

Canadian Natural Resources reported 35.2% higher cash flow on 14.7% higher revenue as its strategic acquisitions enhance its capacity and potential.

GENUINE PARTS CO., $114.24, New York symbol GPC, is still a buy for long-term gains.

The company has over 10,800 company-owned and independent auto parts stores in North America, Europe, Australia and New Zealand. Most of them operate under the famous NAPA banner....

MODINE MANUFACTURING CO., $132.79, symbol MOD on New York, provides thermal management products and solutions to customers in the commercial, industrial, and building heating, ventilating, air conditioning, and refrigeration (“HVAC&R”) markets. In addition, it provides engineered heat transfer systems and high-quality heat transfer components.

In the quarter ended June 30, 2024, the company’s revenue increased 6.3%, to $661.5 million from $622.4 million a year earlier....