oil prices
A: Surge Energy, $0.33, symbol SGY on Toronto (Shares outstanding: 335.1 million; Market cap: $110.6 million; www.surgeenergy.ca), produces oil and gas in central and northwestern Alberta and southwestern Saskatchewan....
A: Black Diamond Group, $1.34, symbol BDI on Toronto (Shares outstanding: 55.6 million; Market cap: $72.8 million; www.blackdiamondlimited.com), rents and sells modular buildings and temporary workforce accommodations to customers in Canada, the U.S., and Australia....
SHAWCOR LTD. $3.89 is still a buy, but only for highly aggressive investors. The company (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 70.2 million; Market cap: $273.1 million; Price-to-sales ratio: 0.2; Dividend suspended in March 2020; TSINetwork Rating: Average; www.shawcor.com) makes sealants and coatings that keep oil and gas pipelines from rusting....
Here are two more high-quality, dividend-paying stocks that should gain from rising oil prices. Higher prices would spur demand for Finning’s heavy equipment by oil producers, while Nutrien should see stronger fertilizer sales as farmers plant more corn for ethanol, a gasoline additive.
FINNING INTERNATIONAL INC....
FINNING INTERNATIONAL INC....
Oil prices are moving up as OPEC producers and others cut their supply because of reduced global demand due to the pandemic. We feel oil prices will continue to move higher as more countries reopen their economies.
However, with oil and gas prices still at historically low levels, it’s unlikely that renewable power sources will soon replace the need for fossil fuels....
However, with oil and gas prices still at historically low levels, it’s unlikely that renewable power sources will soon replace the need for fossil fuels....
RUSSEL METALS INC. $15 is still a buy for aggressive investors. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 62.2 million; Market cap: $933.0 million; Dividend yield: 10.1%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is one of North America’s largest metal distributors....
We often remind our readers that a high dividend yield is a good indicator that investors expect a dividend cut.
As a result of the sharp drop in crude oil prices, Pembina’s shares have fallen and its yield jumped to 7.2%. However, the dividend looks safe as the company gets most of its cash flow from secured, fixed-price contracts unrelated to oil prices or volumes.
PEMBINA PIPELINE CORP....
As a result of the sharp drop in crude oil prices, Pembina’s shares have fallen and its yield jumped to 7.2%. However, the dividend looks safe as the company gets most of its cash flow from secured, fixed-price contracts unrelated to oil prices or volumes.
PEMBINA PIPELINE CORP....
When it comes to oil stocks, we recommend dividend investors stick with integrated producers such as Imperial Oil and Chevron. That’s because low oil prices lift profits at their refineries. The support that offers integrated firms makes their dividends more stable than those of pure-play oil producers.
IMPERIAL OIL LTD....
IMPERIAL OIL LTD....
Here’s an Excerpt from the May 20 issue of Advice for Inner Circle Pro Members:
“I’m sticking to my mid-March assessment: the bulk of the pandemic’s damage to the market has already been done. However, the pandemic’s response to the easing of the lockdown will determine the stock market’s direction in the next few months.
If COVID-19 deaths soar as some predict, the market will probably go into another downturn....
“I’m sticking to my mid-March assessment: the bulk of the pandemic’s damage to the market has already been done. However, the pandemic’s response to the easing of the lockdown will determine the stock market’s direction in the next few months.
If COVID-19 deaths soar as some predict, the market will probably go into another downturn....
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