oil prices
LOBLAW COMPANIES $64.70 (Toronto symbol L; Shares outstanding: 374.8 million; Market cap: $24.3 billion; TSINetwork Rating: Above Average; Dividend yield: 1.8%; www.loblaw.ca) operates 1,083 supermarkets across Canada. It also owns the Shoppers Drug Mart chain of 1,335 drugstores.
Health Canada has now awarded Shoppers Drug Mart a licence to produce medical cannabis....
Health Canada has now awarded Shoppers Drug Mart a licence to produce medical cannabis....
Cost cuts, operational upgrades and a profitable Canadian acquisition helped industrial maintenance and repair specialist Lawson Products recover from a severe downturn.
A: Parex Resources, $21.01, symbol PXT on Toronto (Shares outstanding: 155.4 million; Market cap: $3.2 billion; www.parexresources.com), is a Calgary based company engaged in crude oil exploration, development, and production in Colombia.
Parex Resources holds a land base of 1.6 million acres over 21 blocks in Colombia’s Llanos and Magdalena Basins....
Parex Resources holds a land base of 1.6 million acres over 21 blocks in Colombia’s Llanos and Magdalena Basins....
World oil prices have gained 15% since the start of 2018, and could go higher as the improving global economy continues to spur demand.
Higher oil prices will benefit both Pengrowth and Precision Drilling, and help them pay down their high debt loads....
Higher oil prices will benefit both Pengrowth and Precision Drilling, and help them pay down their high debt loads....
Imperial Oil has already seen the benefits of recent expansions at its Kearl oil sands property. The company is also doing a good job of controlling its operating costs.
Still, its focus on Canada adds risk. Specifically, a lack of new pipeline capacity continues to depress prices for Canadian producers compared to the crude prices for producers in the U.S....
Still, its focus on Canada adds risk. Specifically, a lack of new pipeline capacity continues to depress prices for Canadian producers compared to the crude prices for producers in the U.S....
ENERPLUS CORP. $15.47 (Toronto symbol ERF; Shares outstanding: 244.8 million; Market cap: $3.7 billion; TSINetwork Rating: Speculative; Dividend yield: 0.8%) produces oil and gas from properties in Western Canada—Alberta, Saskatchewan and B.C.—as well as North Dakota and Montana....
GOODYEAR TIRE & RUBBER CO. $23.69 (Nasdaq symbol GT; TSINetwork Rating: Average) (330-796-2122; www.goodyear.com; Shares o/s: 237.0 million; Market cap: $5.9 billion; Dividend yield: 2.4%) is one of the world’s largest tire makers....
SUPERVALU INC. $32 (New York symbol SVU; Consumer sector; Shares outstanding: 38.6 million; Market cap: $1.2 billion; No dividends paid; Takeover Target Rating: High; www.supervalu.com) is a Minneapolis-based company that operates retail grocery stores and also acts as a wholesale distributor to independent grocers.
The stock jumped over 60% in July 2018 after the company accepted a $32.50-a-share cash takeover offer from grocery distributor United Natural Foods Inc....
The stock jumped over 60% in July 2018 after the company accepted a $32.50-a-share cash takeover offer from grocery distributor United Natural Foods Inc....
Both crude oil and natural gas prices have moved up since the start of 2018. Still, we feel U.S. sanctions on Iranian oil will further lift oil prices. At the same time, rising North American production of shale natural gas should hurt overall gas prices. Due to those factors, we prefer oil companies like Cenovus over gas producers like Encana.
ENCANA CORP....
ENCANA CORP....
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