oil and gas
Another way to profit from higher oil prices is to invest in companies that sell vital equipment and services to producers such as Encana and Cenovus (see pages 31 and 32).
Conservative investors should stick with Finning. If you can accept the higher risk, we also like Precision Drilling.
FINNING INTERNATIONAL INC....
Conservative investors should stick with Finning. If you can accept the higher risk, we also like Precision Drilling.
FINNING INTERNATIONAL INC....
ENBRIDGE INC. $55.27 (Toronto symbol ENB; Shares outstanding: 934.2 million; Market cap: $52.7 billion; TSINetwork Rating: Above Average; Dividend yield: 4.2%; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S....
Pennsylvania-based Vanguard Group is one of the world’s largest investment management companies. In all, it administers almost $3 trillion U.S. across 175 mutual funds and ETFs.
Generally speaking, Canadians are unable to buy mutual funds that are registered in the U.S....
Generally speaking, Canadians are unable to buy mutual funds that are registered in the U.S....
CRESCENT POINT ENERGY $15.20 (Toronto symbol CPG; Shares outstanding: 541.7 million; Market cap: $7.9 billion; TSINetwork Rating: Extra Risk; Dividend yield: 2.4%; www.crescentpointenergy.com) produces oil and natural gas in Western Canada. It is now focused on its Bakken light oil development in southeastern Saskatchewan....
ZCL Composites continues to benefit from an oil and gas trend but currency rates have tamped down on its earnings.
BUCKEYE PARTNERS L.P. $70 (www.buckeye.com) operates 9,600 kilometres of pipelines in the U.S. Northeast and Midwest. Its network pumps gasoline, jet fuel and other petroleum products. The partnership also owns oil and gas storage terminals. Buckeye earned $548.7 million in 2016, up 25.2% from $438.4 million in 2015....
Canadian energy stocks can add fuel to a balanced portfolio
BIRCHCLIFF ENERGY $8.02 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www. birchcliffenergy.com; Shares outstanding: 263.0 million; Market cap: $2.1 billion; Dividends yield: 1.2%) explores for, develops and produces oil and gas, mainly in the Peace River Arch area of both Alberta and B.C.
In the three months ended December 31, 2016, Birchcliff’s cash flow per share rose 22.7%, to $0.27 from $0.22 a year earlier....
In the three months ended December 31, 2016, Birchcliff’s cash flow per share rose 22.7%, to $0.27 from $0.22 a year earlier....
WAJAX CORP. $23.96 (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (905-212-3300; www.wajax.ca; Shares outstanding: 20.0 million; Market cap: $482.7 million; Dividend yield: 4.2%) sells and services cranes, forklifts and other heavy equipment. It also provides related parts and systems such as ball bearings, hoses, diesel en gines and transmissions.
Wajax’s customers are spread across the resources, construction, manufacturing and transportation industries.
In the three months ended September 30, 2016, the company’s revenue fell 1.5%, to $286.6 million from $290.9 million a year earlier....
Wajax’s customers are spread across the resources, construction, manufacturing and transportation industries.
In the three months ended September 30, 2016, the company’s revenue fell 1.5%, to $286.6 million from $290.9 million a year earlier....
Here are some tips on successfully investing in commodity stocks