oil and gas
Suncor Energy Inc. continues to offer a high 4.1% yield while buying back shares from increased cash flow – the company’s benefitting from its oil sands focus.
We continue to advise that all investors maintain some exposure to the oil and gas industry. To further cut your risk, stick with integrated producers like Suncor and Imperial oil, particularly as their cost-cutting plans should give them more room for dividend increases.
SUNCOR ENERGY INC....
SUNCOR ENERGY INC....
We often remind investors that a high yield may be a warning sign that all is not well with the company and its future dividend payments are at risk.
After Enbridge’s recent dividend increase, the stock now yields a high 7.6%. Even so, that yield looks sustainable, as the company’s regulated businesses give it plenty of steady cash flow to service its debt and invest in new projects....
After Enbridge’s recent dividend increase, the stock now yields a high 7.6%. Even so, that yield looks sustainable, as the company’s regulated businesses give it plenty of steady cash flow to service its debt and invest in new projects....
A: MasTec Inc., $109.64, symbol MTZ on New York (Shares outstanding: 79.5 million; Market cap: $8.6 billion; Manufacturing & Industry sector; TSINetwork Rating: Average; www.mastec.comwww.mastec.com), is a leading infrastructure construction company operating mainly throughout North America and across a range of industries.
The company operates through five segments: (1) Communications; (2) Clean Energy and Infrastructure; (3) Power Delivery; (4) Oil and Gas; and (5) Other.
The company’s primary activities include the following.
Notably, MasTec has played a significant role in several key infrastructure projects....
The company operates through five segments: (1) Communications; (2) Clean Energy and Infrastructure; (3) Power Delivery; (4) Oil and Gas; and (5) Other.
The company’s primary activities include the following.
- Building, installing, maintaining and upgrading communications, energy, utility and other infrastructure;
- Developing power delivery infrastructure, including transmission, distribution, environmental planning and compliance systems;
- Manufacturing pipeline infrastructure, including for natural gas, water and carbon capture sequestration pipelines;
- Developing heavy civil and industrial infrastructure, including roads, bridges and rail; and providing environmental remediation services.
Notably, MasTec has played a significant role in several key infrastructure projects....
In 2023, the old ShawCor (now called Mattr) sold its legacy pipeline coating operations and shifted its focus to its liquid storage tank and industrial products businesses. The shift has worked out well for investors—the stock has doubled since the company announced the plan in September 2022....
Telus and Ovintiv are among the leaders in their respective markets. We still see both stocks as buys.
TELUS, $22.80, is a buy. The stock (Toronto symbol T; Shares outstanding: 1.5 billion; Market cap: $33.8 billion; TSINetwork Rating: Above Average; Dividend yield: 6.6%; www.telus.com) is a Canadian wireless carrier with 13.06 million subscribers....
VEREN INC., $10.74, is a buy for aggressive investors. The company (Toronto symbol VRN; Shares outstanding: 619.5 million; Market cap: $6.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.3%; www.vrn.com) is the new name of Crescent Point Energy Corp.
The company has rebranded to highlight its new focus on two key Alberta oil and gas plays.
That’s after the sale of its assets in Utah and Saskatchewan, and acquisitions from Shell PLC and Paramount Resources to build a presence in Alberta’s Kaybob Duvernay region....
The company has rebranded to highlight its new focus on two key Alberta oil and gas plays.
That’s after the sale of its assets in Utah and Saskatchewan, and acquisitions from Shell PLC and Paramount Resources to build a presence in Alberta’s Kaybob Duvernay region....
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....
High-quality utility stocks, with their high dividend yields and steady or rising income streams, tend to be sensitive to interest rate increases. TC Energy is no exception. The rise in interest rates in the past couple of years helped push its share price down nearly 30%.
The outlook for interest rates is still uncertain, but TC now offers an attractive buying opportunity, starting with its sustainable dividend yield of 7.4%....
The outlook for interest rates is still uncertain, but TC now offers an attractive buying opportunity, starting with its sustainable dividend yield of 7.4%....
DRAFTKINGS INC., $40.81, is still a buy. The digital sports entertainment and gaming company (symbol DKNG on Nasdaq) currently provides sports betting in several U.S. states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming, Ohio, Kentucky and Massachusetts....