pengrowth

World oil prices have gained 15% since the start of 2018, and could go higher as the improving global economy continues to spur demand.


Higher oil prices will benefit both Pengrowth and Precision Drilling, and help them pay down their high debt loads....

CANADIAN PACIFIC RAILWAY LTD. $250 (Toronto symbol CP; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 143.1 million; Market cap: $35.8 billion; Price-to-sales ratio: 5.5; Dividend yield: 1.0%; TSINetwork Rating: Above Average; www.cpr.ca) should benefit from new federal regulations meant to encourage rail operators to refurbish Canada’s fleet of grain railcars (called “hoppers”)....

PENGROWTH ENERGY $0.97 (Toronto symbol PGF; Shares outstanding: 547.4 million; Market cap: $539.4 million; TSINetwork Rating: Speculative; No dividends paid; www.pengrowth.com) produces oil and natural gas, mostly in Western Canada. This includes its Lindbergh oil sands project in the Cold Lake area of Alberta.


In addition to their primary listing on the
Toronto exchange, the company’s shares also trade on the New York Stock Exchange (NYSE), symbol PGH....

ENERPLUS CORP. $15.03 (Toronto symbol ERF; Shares outstanding: 244.7 million; Market cap: $3.7 billion; TSINetwork Rating: Speculative; Dividend yield: 1.0%) produces oil and gas from properties in Western Canada—Alberta, Saskatchewan and B.C.—as well as North Dakota and Montana....

PENGROWTH ENERGY CORP. $0.90 (Toronto symbol PGF; Aggressive Growth Portfolio, Resources sector; Shares o/s: 552.2 million; Market cap: $497.0 million; P/S ratio: 0.8; Dividend suspended in January 2016; TSINetwork Rating: Speculative; www.pengrowth.com) produces oil and natural gas in Western Canada and off the coast of Nova Scotia.


The company has sold roughly $1 billion of its non-core properties since the start of 2017....

Oil prices have jumped over 30% in the past six months. That’s mainly due to production cuts by OPEC and an improving global economy.

The good news for Pengrowth and Precision Drilling doesn’t end there: those higher oil prices will spur their earnings but also help them pay down their high debt loads....

PENGROWTH ENERGY $0.97 (Toronto symbol PGF; Shares outstanding: 547.4 million; Market cap: $530.2 million; TSINetwork Rating: Speculative; No dividends paid; www. pengrowth.com) produces oil and natural gas in Western Canada and off the coast of Nova Scotia.

For 2018, the company expects to spend $65 million on exploration and upgrades to its existing operations.

For this year’s spending plan, Pengrowth has included $45 million for its Lindbergh oil sands project in Alberta....

CANADIAN PACIFIC RAILWAY $230.40 (Toronto symbol CP; shares ooutstanding: 147.7 million; Market cap: $33.8 billion; TSINetwork Rating: Above Average; Dividend yield: 1.0%; www.cpr.ca) ships freight over a 22,000-kilometre rail network between Montreal and Vancouver, with links to hubs in the U.S.

The company has agreed to repurchase up to 755,000 of its shares from two separate private sellers at a discount to the market price....

PENGROWTH ENERGY CORP. $1.00 (Toronto symbol PGF; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 552.3 million; Market cap: $552.3 million; Price-to-sales ratio: 1.0; Dividend suspended in January 2016; TSINetwork Rating: Speculative; www....

TELUS $46.88 (Toronto symbol T; Shares outstanding: 594.0 million; Market cap: $27.9 billion; TSINetwork Rating: Above Average; Divd. yield: 4.2%; www.telus.com) owns 65% of Telus International. Formed in 2005, this business operates call centres on behalf of corporate clients in North America, Central America, Europe and Asia....