oil prices
Crude oil prices have steadily declined to the current $74 U.S. per barrel after soaring to about $124 U.S. in March 2022. That was following Russia’s invasion of Ukraine. Note, however, that today’s price is still above the pre-pandemic price of around $60 U.S.
It’s likely crude prices will remain elevated for some time as Canadian oil producers, like Imperial Oil, and their U.S....
It’s likely crude prices will remain elevated for some time as Canadian oil producers, like Imperial Oil, and their U.S....
ROYAL BANK OF CANADA, $134.21, Toronto symbol RY, is still a buy.
The bank has agreed to pay $13.5 billion in cash for the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC). Those include 130 branches, which mainly cater to businesses in industries that trade and bank internationally....
The bank has agreed to pay $13.5 billion in cash for the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC). Those include 130 branches, which mainly cater to businesses in industries that trade and bank internationally....
Chevron rebounded strongly as re-opening of the global economy lifted crude oil prices—the stock is up 62% in the past year compared to the 14% drop for the S&P 500 Index.
While oil prices could suffer if the economy weakens, higher profits from Chevron’s refining operations (which need crude oil) would help offset that decline....
While oil prices could suffer if the economy weakens, higher profits from Chevron’s refining operations (which need crude oil) would help offset that decline....
Here are a couple of questions I’ve heard from a number of portfolio management clients and Inner Circle members in the past couple of weeks:
“Pat, what do you think about the results of the mid-term U.S. elections?”
You could write a shelf-load of doctoral theses about this subject....
“Pat, what do you think about the results of the mid-term U.S. elections?”
You could write a shelf-load of doctoral theses about this subject....
ALGONQUIN POWER & UTILITIES CORP., $10.28, Toronto symbol AQN, is still a buy for long-term gains.
The company has two main businesses: the Regulated Services Group provides regulated electricity, gas, water distribution and wastewater collection services in Canada, the U.S., Chile, and Bermuda; and the Renewable Power Group produces electricity from about 40 clean-energy plants in North America.
Algonquin last raised your quarterly dividend with the July 2022 payment....
The company has two main businesses: the Regulated Services Group provides regulated electricity, gas, water distribution and wastewater collection services in Canada, the U.S., Chile, and Bermuda; and the Renewable Power Group produces electricity from about 40 clean-energy plants in North America.
Algonquin last raised your quarterly dividend with the July 2022 payment....
Here’s Part Two of the text of the most-recent letter I sent to our Portfolio Management clients in July this year:
“What’s one more busted supply chain?
It’s natural for businesses to lament the breakdown of the world-spanning supply chains, since it’s costing them money....
“What’s one more busted supply chain?
It’s natural for businesses to lament the breakdown of the world-spanning supply chains, since it’s costing them money....
ENBRIDGE INC., $51.22, Toronto symbol ENB, is a buy.
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.9 million consumers in Ontario.
Enbridge has agreed to sell a 11.57% stake in seven pipelines to a consortium of 23 First Nations and Métis groups....
The company operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to 3.9 million consumers in Ontario.
Enbridge has agreed to sell a 11.57% stake in seven pipelines to a consortium of 23 First Nations and Métis groups....
Pembina Pipeline recently put its natural gas-processing facilities in Western Canada into a new joint venture with private equity firm KKR. It will use cash it received through the deal to pay down debt and buy back shares. That should push up the stock. At the same time, investors should also look forward to higher dividend payments.
PEMBINA PIPELINE CORP....
PEMBINA PIPELINE CORP....
APA CORP. $35 is a hold. The company (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 338.2 million; Market cap: $11.8 billion; Price-to-sales ratio: 1.1; Dividend yield: 2.9%; TSINetwork Rating: Average; www.apacorp.com) produces oil and natural gas in the U.S., Egypt and the U.K.
Thanks to the rise in crude oil prices over the past few months, APA is now doubling your quarterly dividend....
Thanks to the rise in crude oil prices over the past few months, APA is now doubling your quarterly dividend....
LABORATORY CORPORATION OF AMERICA, or LABCORP., $254.67, symbol LH on New York, provides comprehensive clinical laboratory services from locations throughout North America. It also offers drug development services such as research and clinical trial management.
Labcorp employs nearly 75,000 people at its base in Burlington, North Carolina, and across the U.S.
On July 28, 2022, the company announced that its board of directors had approved the spin-off of its Clinical Development business....
Labcorp employs nearly 75,000 people at its base in Burlington, North Carolina, and across the U.S.
On July 28, 2022, the company announced that its board of directors had approved the spin-off of its Clinical Development business....