oil prices
The performance of energy services companies is highly dependent on the willingness of their oil and gas production customers to spend money on exploration and new infrastructure. Note, energy producers spend more readily when they generate strong profits and cash flow.
Meantime, the higher oil and gas prices that prevailed for most of 2021 are now creating a return to pre-COVID-19 capital spending by many producers.
Energy producers are inclined to expand their operations and upgrade their facilities when they become more profitable....
Meantime, the higher oil and gas prices that prevailed for most of 2021 are now creating a return to pre-COVID-19 capital spending by many producers.
Energy producers are inclined to expand their operations and upgrade their facilities when they become more profitable....
Oil stocks continue to rebound from their 2020 lows as the re-opening of the global economy pushes oil and gas prices to multi-year highs. In view of new caps on greenhouse gas emissions, global oil producers are likely to focus on cutting costs and improving their efficiency, rather than spending more money on exploration....
Download our free report and discover 7 stocks due for big gains after investors use tax-loss selling to cut their Canadian capital gains tax.
Despite the severe drop in oil prices in 2020 due to COVID-19 shutdowns, Imperial Oil and Chevron maintained, rather than cut, their dividends. Now crude prices have recovered, and will likely remain elevated for the next few months as producers focus on improving their efficiency instead of expanding production....
A: Tamarack Valley Energy, $3.92, symbol TVE on Toronto (Shares outstanding: 406.3 million; Market cap: $1.6 billion; www.tamarackvalley.ca), is an oil and gas exploration and production firm in Western Canada....
Oil prices have more than doubled over the last year to today’s price of roughly $83 U.S. a barrel. Natural gas prices are also up. Increased industrial activity is driving those gains as the world recovers from the pandemic. Still, energy prices will likely remain subject to wide and unpredictable swings—spurred by continually changing supply and demand, environmental pressures, and the shift to electric vehicles....
Teck Resources has more than tripled from its March 2020 low as new COVID-19 vaccines help world economies recover. That rebound has spurred both demand and prices for the company’s main commodities.
Teck will also benefit from the big expansion of its copper operations in Chile—and that shift is also reducing its reliance on selling coal to steelmakers....
Teck will also benefit from the big expansion of its copper operations in Chile—and that shift is also reducing its reliance on selling coal to steelmakers....
SHAWCOR LTD. $5.81 (www.shawcor.com) is still a buy, but only for highly aggressive investors. The stock has more than doubled in the past year, as rising oil prices continue to spur demand for the company’s pipeline coating services....
Oil prices continue to recover as COVID-19 lockdowns end. It seems likely that prices will remain firm as the economy further opens. We continue to recommend all investors maintain some exposure to oil, particularly with high-quality integrated producers like Imperial Oil.
IMPERIAL OIL LTD....
IMPERIAL OIL LTD....
CHEVRON CORP. $99 remains a buy. The leading integrated oil and gas producer (New York symbol CVX; Cyclical-Growth Dividend Payer Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $188.1 billion; Dividend yield: 5.4%; Dividend Sustainability Rating: Above Average; www.chevron.com) last raised its quarterly dividend by 3.9% with the June 2021 payment....