oil prices
Canadian oil companies provide an opportunity to profit for long-term investors
PASON SYSTEMS $18.50 (Toronto symbol PSI; TSINetwork Rating: Speculative) (403-301-3400; www.pason.com; Shares outstanding: 84.9 million; Market cap: $1.6 billion; Dividend yield: 3.7%) serves drilling contractors for oil and gas firms in Canada, the U.S., Mexico and Argentina....
CENOVUS ENERGY INC. $12 (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.2 billion; Market cap: $14.4 billion; Price-to-sales ratio: 1.0; Dividend yield: 2.0%; TSINetwork Rating: Extra Risk; www.cenovus.com) recently acquired 100% of its main oil sands properties in Alberta—Christina Lake and Foster Creek....
CRESCENT POINT ENERGY $9.88 (Toronto symbol CPG; Shares outstanding: 545.0 million; Market cap: $5.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.6%; www.crescentpointenergy.com) produces oil and natural gas in Western Canada. It is now focused on its Bakken light oil development in southeastern Saskatchewan....
If you plan to invest in oil penny stocks, you need to know what makes oil markets tick.
The best energy stocks aren’t guaranteed winners, but you can avoid the worst energy stocks by staying away from those in the limelight and being skeptical of renewable energy.
IMPERIAL OIL LTD. $40 (Toronto symbol IMO; Cyclical-Growth Dividend Payer Portfolio; Resources sector; Shares outstanding: 840.4 million; Market cap: $33.6 billion; Dividend yield: 1.6%; Dividend Sustainability Rating: Above Average; www.imperialoil....
These two companies supply products and services vital to the success of oil exploration and mining firms While they remain vulnerable to cyclical downturns, their high market share and strong reputations continue to help their profits rebound as commodity prices recover.
FINNING INTERNATIONAL INC....
FINNING INTERNATIONAL INC....
These three stocks have moved sharply lower in the past few years. In Bombardier’s case, the drop is mainly due to the heavy costs to develop its new CSeries plane; for Black- Berry, it quit making smartphones due to intense competition from Apple’s iPhone and Android-powered devices; and lower oil prices have hurt Pengrowth’s cash flow as it expands key projects and pays down debt....
Clean energy stocks: strong on emotional appeal but weak on investment strength