oil prices
Dear Client:
In September 2016, chemical maker Ashland sold a 17% stake in its better-known subsidiary Valvoline. Through an initial public offering (IPO), investors bought 30 million shares at $22.00 each. In May 2017, Ashland handed out its remaining Valvoline shares to its own investors.
Since the IPO, Ashland stock has gained 35%, while Valvoline is down 11%....
In September 2016, chemical maker Ashland sold a 17% stake in its better-known subsidiary Valvoline. Through an initial public offering (IPO), investors bought 30 million shares at $22.00 each. In May 2017, Ashland handed out its remaining Valvoline shares to its own investors.
Since the IPO, Ashland stock has gained 35%, while Valvoline is down 11%....
When I talk to serious, successful investors, few ask, “Do you think the central banks will raise rates two or three times by a quarter-point before the end of the year?” or “Do you think inflation will hit 3% in the next year?” They are more likely to ask things like, “What are the chances that interest rates and/or inflation will get back up to the peaks of the 1970s/1980s?”
That is a much more important question. A quarter-point change in interest rates or inflation is a fluctuation....
That is a much more important question. A quarter-point change in interest rates or inflation is a fluctuation....
We recommend conservative investors stick with well-established producers, such as Suncor and Imperial Oil, when picking Resources stocks for their portfolios. That’s mainly because the refineries of those integrated oil companies help shield them from volatile crude prices.
SUNCOR ENERGY INC....
Sometimes ETF investments can suffer wild, often punishing swings. Here is a brief look at some of the worst-performing funds over the past year. Their poor results highlight the risks associated with specialized ETFs. We don’t recommend them.
HORIZONS BETAPRO S&P 500 SHORT TERM VIX INVERSE ETF $2.26 (Toronto symbol HVI; Market cap: $20.2 million) moves inversely to the S&P 500 VIX short-term futures index....
HORIZONS BETAPRO S&P 500 SHORT TERM VIX INVERSE ETF $2.26 (Toronto symbol HVI; Market cap: $20.2 million) moves inversely to the S&P 500 VIX short-term futures index....
A: Whitecap Resources, $9.20, symbol WCP on Toronto (Shares outstanding: 367.6 million; Market cap: $3.8 billion; www.wcap.ca), produces and explores for oil and natural gas in Western Canada....
ENERPLUS CORP. $15.03 (Toronto symbol ERF; Shares outstanding: 244.7 million; Market cap: $3.7 billion; TSINetwork Rating: Speculative; Dividend yield: 1.0%) produces oil and gas from properties in Western Canada—Alberta, Saskatchewan and B.C.—as well as North Dakota and Montana....
IMPERIAL OIL $39.87 (Toronto symbol IMO; Shares outstanding: 831.2 million; Market cap: $33.1 billion; TSINetwork Rating: Average; Dividend yield: 1.9%; www.imperialoil.ca) is Canada’s second-largest publicly traded oil company, after Suncor....
This report is written with one purpose in mind—to make you a better investor. How to Invest in Stocks Successfully shows how our three-part approach works for thousands of investors. It helps you develop the positive habits that lead to the best investment decisions.
DEVON ENERGY CORP. $36.10 (New York symbol DVN; TSINetwork Rating: Extra Risk) (405-235-3611; www.dvn.com; Shares outstanding: 526.1 million; Market cap: $19.0 billion; Dividend yield: 0.9%) is one of the largest explorers and producers of oil and natural gas in the U.S....
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