oil prices
BIRCHCLIFF ENERGY $4.67 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 263.0 million; Market cap: $1.3 billion; Dividend yield: 2.1%) explores for, develops and produces oil and gas, mainly in the Peace River Arch area of both Alberta and B.C....
Higher commodity prices invariably spur producers to increase spending on new projects and to up their output. That frequently leads to the oversupply of the commodity and, eventually, lower prices.
The energy industry is no exception. Between 2002 and mid-2014, when oil prices were high, producers accelerated exploration and output....
Higher oil prices continue to spur stock prices for an array of companies in the energy industry. That includes energy services stocks. Those firms assist drillers in setting up oil and gas wells. They also make, fix and maintain the equipment used in oil extraction and transport....
Ottawa’s move to buy the existing Trans Mountain pipeline in order to build its controversial expansion is good news for these three resources companies. Additional capacity to ship crude oil and refined fuels from Alberta to Vancouver should make it easier for producers to service their customers.
For new buying, we prefer Cenovus and Teck over Encana....
For new buying, we prefer Cenovus and Teck over Encana....
ENCANA CORP. $16.71 (Toronto symbol ECA; Shares outstanding: 971.0 million; Market cap: $16.1 billion; TSINetwork Rating: Average; Dividend yield: 0.5%; www.encana.com) has four key properties: Montney (B.C.), Duvernay (Alberta), and Eagle Ford and Permian (both in Texas)....
PEYTO EXPLORATION & DEVELOPMENT CORP. $10.59 (Toronto symbol PEY; Shares outstanding: 164.6 million; Market cap: $1.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.8%; www.peyto.com) produces and explores for natural gas and oil in Alberta....
IMPERIAL OIL LTD. $42 (Toronto symbol IMO; Cyclical-Growth Dividend Payer Portfolio, Resources sector; Shares outstanding: 824.0 million; Market cap: $34.6 billion; Dividend yield: 1.8%; Dividend Sustainability Rating: Above Average; www.imperialoil.ca) is Canada’s second-largest publicly traded oil company, after Suncor....
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GOODYEAR TIRE & RUBBER CO. $26.40 (Nasdaq symbol GT; TSINetwork Rating: Average) (330-796-2122; www.goodyear.com; Shares outstanding: 239.8 million; Market cap: $6.3 billion; Dividend yield: 2.1%) is one of the world’s largest tire makers....
TRINITY INDUSTRIES INC. $36 (New York symbol TRN; Manufacturing & Industry sector; Shares o/s: 149.3 million; Market cap: $5.1 billion; Dividend yield: 1.5%; Takeover Target Rating: Medium; www.trin.net) makes a variety of metal products for many industries.
Its five main operating segments are Rail (railcars and components), Construction Products (highway-safety products, concrete and aggregates like sand, gravel and crushed stone), Inland Barge (barges), Energy Equipment (wind turbines), and Railcar Leasing and Management....
Its five main operating segments are Rail (railcars and components), Construction Products (highway-safety products, concrete and aggregates like sand, gravel and crushed stone), Inland Barge (barges), Energy Equipment (wind turbines), and Railcar Leasing and Management....