oil prices
SHAWCOR LTD. $39 (Toronto symbol SCL; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 69.9 million; Market cap: $2.7 billion; Price-to-sales ratio: 2.3; Dividend yield: 1.5%; TSINetwork Rating: Average; www.shawcor.com) makes sealants and coatings to keep oil and gas pipelines from rusting....
A: In late 2013, Mexican President Enrique Pena Nieto signed a law that allows foreign companies to drill for oil for the first time since the sector was nationalized in 1938. The legislation was passed by Congress on December 13, 2013, and ratified by a majority of Mexican states.
Private companies are now allowed to sign contracts to drill for oil and gas in partnership with heavily indebted state-controlled firm Pemex, which will get a share of the profits.
The law was controversial in Mexico, but Pemex’s oil output has declined for more than a decade due to a lack of investment....
Private companies are now allowed to sign contracts to drill for oil and gas in partnership with heavily indebted state-controlled firm Pemex, which will get a share of the profits.
The law was controversial in Mexico, but Pemex’s oil output has declined for more than a decade due to a lack of investment....
CENOVUS ENERGY $15.11 (Toronto symbol CVE; Shares outstanding: 833.2 million; Market cap: $12.4 billion; TSINetwork Rating: Average; Dividend yield: 1.3%; www.cenovus.com) took a big drop after its recent deal to acquire control of its main oil sands properties in Alberta.
However, that acquisition more than doubles the company’s output and positions it for strong future growth.
Right now, Cenovus already owns 50% of the Christina Lake and Foster Creek oil sands projects; ConocoPhilips (New York symbol COP) owns the other 50%.
The company has agreed to buy ConocoPhillips’ interest in both Alberta properties, along with ConocoPhillips’ conventional oil fields in that province and B.C.
The total cost is $17.7 billion....
However, that acquisition more than doubles the company’s output and positions it for strong future growth.
Right now, Cenovus already owns 50% of the Christina Lake and Foster Creek oil sands projects; ConocoPhilips (New York symbol COP) owns the other 50%.
The company has agreed to buy ConocoPhillips’ interest in both Alberta properties, along with ConocoPhillips’ conventional oil fields in that province and B.C.
The total cost is $17.7 billion....
CHEVRON CORP. $108 (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $205.2 billion; Price-tosales ratio: 2.0; Dividend yield: 4.0%; TSINetwork Rating: Average; www.chevron.com) is the second-largest integrated oil company in the U.S....
Solar power stocks have come a long way, but they expose investors to unique risks.
The attraction of solar power stocks is obvious—it offers a source of clean, endlessly renewable energy that has the potential to replace fossil fuels like oil, coal and natural gas....
SASOL LTD. (ADR) $28.69 (New York symbol SSL; TSINetwork Rating: Extra Risk) (082883-9697; www.sasol.com; ADRs outstanding: 651.4 million; Market cap: $19.6 billion; Dividend yield: 2.6%) is South Africa’s third-largest coal producer and is the world’s largest maker of fuel from coal.
In its fiscal 2017 first half, ended December 31, 2016, Sasol’s revenue fell 2.2%, to $6.06 billion from $6.20 billion a year earlier....
In its fiscal 2017 first half, ended December 31, 2016, Sasol’s revenue fell 2.2%, to $6.06 billion from $6.20 billion a year earlier....
Investing information you must know if you want to buy oil stocks
Dear client,
We recommend that most investors maintain some exposure to the Resources sector as part of a well-balanced portfolio.
To further cut your risk, you should focus on well-established producers with high-quality reserves such as Encana and Cenovus.
In response to the big drop in oil prices—from a high of $110 U.S....
We recommend that most investors maintain some exposure to the Resources sector as part of a well-balanced portfolio.
To further cut your risk, you should focus on well-established producers with high-quality reserves such as Encana and Cenovus.
In response to the big drop in oil prices—from a high of $110 U.S....
Another way to profit from higher oil prices is to invest in companies that sell vital equipment and services to producers such as Encana and Cenovus (see pages 31 and 32).
Conservative investors should stick with Finning. If you can accept the higher risk, we also like Precision Drilling.
FINNING INTERNATIONAL INC....
Conservative investors should stick with Finning. If you can accept the higher risk, we also like Precision Drilling.
FINNING INTERNATIONAL INC....
Dear Inner Circle member,
Here’s the text of the most-recent letter I sent to our Portfolio Management clients in late January:
“In 2017, déjà vu could turn out to be the investor tool of the year.
History always tries to repeat itself, but never quite succeeds—especially in the stock market....
Here’s the text of the most-recent letter I sent to our Portfolio Management clients in late January:
“In 2017, déjà vu could turn out to be the investor tool of the year.
History always tries to repeat itself, but never quite succeeds—especially in the stock market....