oil prices

Buying a SPAC investment vehicle might pay off for you—but it’s much more likely to end up costing you money. Here’s why.

OVINTIV INC., $30.88, is a buy. The energy producer (Toronto symbol OVV; Shares outstanding: 261.0 million; Market cap: $8.1 billion; TSINetwork Rating: Average; Dividend yield: 1.5%) has now yielded to pressure from activist investor Kimmeridge Energy Management Co., which owns about 2.5% of Ovintiv’s shares....

Oil prices continue to rebound from their 2020 lows as more parts of the global economy reopen with the rollout of COVID-19 vaccines. OPEC’s commitment to maintain its current production cuts also helps support prices.


That’s good news for these four high-quality producers....

Enbridge’s new projects, combined with improving oil and gas prices, should help boost its share price. The stock remains down from $55 in February 2020. That was before the pandemic and the drop in oil prices.


Moreover, 98% of the company’s revenue comes from regulated projects or take-or-pay contracts....

EXXON MOBIL CORP. $53 is a hold. The oil giant (New York symbol XOM; Resources sector; Shares outstanding: 4.2 billion; Market cap: $222.6 billion; Dividend yield: 6.9%; Takeover Target Rating: Lowest; www.exxonmobil.com) has come under fire from two activist firms—D.E....

Alimentation Couche-Tard has rewarded our subscribers with big gains over the years. We first recommended it in our December 2008 issue at $15.50 a share. Since then, the stock has split 3-for-1 and then 2-for-1. That takes our cost down to $2.58 a share—and gives you a tremendous 1,447.7% gain!

Meanwhile, the company’s outlook remains positive, and we think the shares can go a lot higher....

Most of Pembina’s pipelines operate under long-term contracts, with Innergex’s renewable energy projects also selling their power under long-term government-guaranteed agreements. That helps lower risk for both firms in today’s uncertain economy. Meanwhile, their investors tap sustainable yields....

Oil prices have stabilized around $45 U.S. a barrel on hopes that COVID-19 vaccines will help spur travel volumes and demand for fuel. We feel all investors should maintain some exposure to oil stocks, particularly integrated producers like Suncor and Imperial Oil; they should once again raise their dividends as the economy recovers.


SUNCOR ENERGY INC....

APACHE CORP. $14 is still a hold, but only for aggressive investors. The company (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 377.4 million; Market cap: $5.3 billion; Price-to-sales ratio: 1.1; Dividend yield: 0.7%; TSINetwork Rating: Average; www.apachecorp.com) produces oil and natural gas from properties in the U.S., Egypt and the U.K.


In the third quarter of 2020, Apache’s average daily production rose 0.5%, to 393,529 barrels from 391,400 a year earlier....

PEMBINA PIPELINE CORP. $34 is a buy. The company (Toronto symbol PPL; High-Growth Dividend Payer Portfolio; Utilities sector; Shares o/s: 550.0 million; Market cap: $18.7 billion; Divd. yield: 7.4%; Divd. Sustainability Rating: Above Average; www.pembina.com) last increased its monthly dividend by 5.0% with the January 2020 payment, to $0.21 a share from $0.20....