oil and gas

A: Baytex Energy, $5.51, symbol BTE on Toronto (Shares outstanding: 210.7 million; Market cap: $1.2 billion; www.baytexenergy.com), explores for, develops and produces oil and gas in Alberta, Saskatchewan and Texas. Its output is 23% gas and 77% oil.


In the quarter ended June 30, 2016, Baytex’s cash flow per share fell 49.4%, to $0.39 from $0.77 a year earlier....

CHEMTRADE LOGISTICS INCOME FUND $17.93 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (416-496-5856; www.chemtradelogistics.com; Units outstanding: 69.1 million; Market cap: $1.2 billion; Dividend yield: 6.7%) is one of the largest removal-service providers for resource firms that create acids and sulphur as byproducts. The trust converts (and sells) these substances into useful chemicals such as sulphuric acid....

STANTEC INC. $30.53 (Toronto symbol STN; TSINetwork Rating: Extra Risk) (780-917-7288; www.stantec.com; Shares outstanding: 113.9 million; Market cap: $3.5 billion; Dividend yield: 1.5%) sells a range of consulting, project management, design and technology services....

WAJAX CORP. $15.05 (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (905-212-3300; www.wajax.ca; Shares outstanding:20.0 million; Market cap: $292.1 million; Dividend yield: 6.6%) sells and services cranes, forklifts and other heavy equipment. It also provides related parts and systems such as ball bearings, hoses, diesel engines and transmissions.


The company’s customers are spread across the natural resources, construction, manufacturing and transportation industries.


In the three months ended June 30, 2016, Wajax’s clients in oil and gas made fewer purchases....

BIRCHCLIFF ENERGY $9.63 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 263.0 million; Market cap: $2.4 billion; No dividends paid) explores for, develops and produce oil and gas, mainly in the Peace River Arch area near the Alberta-B.C....

It’s hard to make money from seasonal trends like the summer market doldrums

CENOVUS ENERGY INC. $20 (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 833.2 million; Market cap: $16.7 billion; Price-to-sales ratio: 1.5; Dividend yield: 1.0%; TSI Network Rating: Average; www.cenovus.com) gets 35% of its revenue from its Western Canadian oil sands properties and conventional oil and gas wells.

Its biggest properties are its 50%-owned Christina Lake and Foster Creek oil sands projects; Conoco Philips (New York symbol COP) owns the remaining 50%.

Refineries temper Cenovus’s risk

Refining supplies the remaining 65% of Cenovus’s revenue....

Enbridge and TransCanada continue to face strong political and environmental opposition to their proposed oil pipeline projects in Canada.

In response, both firms are expanding in the U.S. with big acquisitions. While that adds to their risk, we feel both purchases will fuel their growth for years to come....

We think conservative investors can hold up to 10% of their portfolios in foreign stocks. One way to do that is to buy carefully chosen exchange-traded funds (ETFs) that have an overseas focus.

The best ETFs continue to offer very low management fees and well-diversified, tax-efficient portfolios of high-quality stocks....

ENBRIDGE INC. $56.98 (Toronto symbol ENB; Shares outstanding: 934.2 million; Market cap: $53.2 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.enbridge.com) will buy Spectra Energy Corporation (New York symbol SE) for $37 billion in Enbridge stock....