oil prices
Imperial Oil shares are at all-time highs thanks to the jump in crude oil prices with the easing of COVID-19 lockdowns. Sanctions on Russian oil exports have also pushed up prices. Imperial is now using that windfall to reward investors with higher dividends and a big share buyback.
IMPERIAL OIL LTD....
IMPERIAL OIL LTD....
IMPERIAL OIL LTD., $68.02, Toronto symbol IMO, is a buy.
This company gets about 60% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in projects off the coast of Atlantic Canada.
Imperial’s other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.
The company now plans to buy back up to $2.5 billion of its common shares (about 6% of the total) through a Dutch auction process.
Investors who want to participate must offer their shares for between $62.00 and $78.00 (in increments of $0.25) before June 10, 2022....
This company gets about 60% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in projects off the coast of Atlantic Canada.
Imperial’s other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.
The company now plans to buy back up to $2.5 billion of its common shares (about 6% of the total) through a Dutch auction process.
Investors who want to participate must offer their shares for between $62.00 and $78.00 (in increments of $0.25) before June 10, 2022....
Chevron and APA have surged to record highs in 2022 thanks to rising crude oil prices. Both are using their extra cash flow to raise their dividends and buy back shares. However, Chevron is the better choice as its refineries will benefit when oil prices eventually weaken.
CHEVRON CORP....
CHEVRON CORP....
CENOVUS ENERGY INC., $22.12, Toronto symbol CVE, remains a buy for long-term gains.
On January 1, 2021, the company completed its acquisition of rival oil producer Husky Energy Inc. (Toronto symbol HSE) in a friendly all-stock takeover.
The combined firm is now Canada’s third-largest producer of oil and natural gas, and the country’s second-largest refiner.
Cenovus announced this week that it would end its oil hedging program, which it uses to pre-sell its future production at a set price....
On January 1, 2021, the company completed its acquisition of rival oil producer Husky Energy Inc. (Toronto symbol HSE) in a friendly all-stock takeover.
The combined firm is now Canada’s third-largest producer of oil and natural gas, and the country’s second-largest refiner.
Cenovus announced this week that it would end its oil hedging program, which it uses to pre-sell its future production at a set price....
Canada’s federal government recently announced new greenhouse gas (GHG) reduction targets. Those include cutting emissions from oil and gas producers by 42% before 2031. That new target is more aggressive than Suncor’s or Imperial Oil’s own plan. Even so, meeting it is unlikely to severely impact their earnings considering the government will help offset their costs for new carbon-reduction technologies....
Pipeline operator Pembina continues to rebound from its March 2020 low of $15.27 as the economy re-opens following COVID-19 shutdowns. Despite the pandemic, the company held its dividend.
As well, a new deal to sell 40% of its Western Canadian gas processing to U.S.-based private equity investor KKR will let Pembina reward its investors with higher dividends and share buybacks later this year.
PEMBINA PIPELINE CORP....
As well, a new deal to sell 40% of its Western Canadian gas processing to U.S.-based private equity investor KKR will let Pembina reward its investors with higher dividends and share buybacks later this year.
PEMBINA PIPELINE CORP....
Oil prices continue to strengthen as COVID-19 travel and other restrictions ease. Despite new government regulations to limit carbon emissions, crude prices will remain elevated as producers like Chevron focus on improving their efficiency instead of increasing production....
A: Ninepoint Energy Fund is a mutual fund that holds a portfolio of mid-cap energy companies.
Prior to March 12, 2018, the mutual fund was called the Sprott Energy Fund.
Ninepoint Energy Fund invests primarily in equity and equity-related securities of mid-tier companies that are involved in the exploration, development, production and distribution of oil, gas, coal, uranium or other related activities in the energy and resource sector.
The fund’s current top holdings are Arc Resources, Baytex Energy, Cardinal Energy, Cenovus Energy, Enerplus, Headwater Exploration, Meg Energy, Nuvista Energy, Tamarack Valley Energy, and Whitecap Resources.
Ninepoint is managed by Eric Nuttall, who feels that his numerous company relationships in the energy industry are a big plus.
The fund gained a whopping 242.5% over the last year along with a jump in oil and gas prices....
Prior to March 12, 2018, the mutual fund was called the Sprott Energy Fund.
Ninepoint Energy Fund invests primarily in equity and equity-related securities of mid-tier companies that are involved in the exploration, development, production and distribution of oil, gas, coal, uranium or other related activities in the energy and resource sector.
The fund’s current top holdings are Arc Resources, Baytex Energy, Cardinal Energy, Cenovus Energy, Enerplus, Headwater Exploration, Meg Energy, Nuvista Energy, Tamarack Valley Energy, and Whitecap Resources.
Ninepoint is managed by Eric Nuttall, who feels that his numerous company relationships in the energy industry are a big plus.
The fund gained a whopping 242.5% over the last year along with a jump in oil and gas prices....
COLLIERS INTERNATIONAL GROUP INC. $197 remains a buy for aggressive investors. This company (Toronto symbol CIGI; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 42.7 million; Market cap: $8.4 billion; Price-to-sales ratio: 1.7; Dividend yield: 0.2%; TSINetwork Rating: Extra Risk; www.colliers.com) offers a range of services, including helping clients buy and sell commercial real estate, arranging financing, and assessing properties for tax purposes.
Readers continue to benefit from our April 2020 decision to add Colliers to our Successful Investor coverage....
Readers continue to benefit from our April 2020 decision to add Colliers to our Successful Investor coverage....
Despite volatile crude prices, we continue to advise all investors to maintain some exposure to the oil and gas industry. That advice reflects oil’s huge importance to global economic growth even as governments impose new regulations to cut carbon emissions.
We also recommend investors stick with well-established producers like Cenovus....
We also recommend investors stick with well-established producers like Cenovus....