A $575 million backlog gives ShawCor a solid future

A $575 million backlog gives ShawCor a solid future

COVID-19 and low oil prices led to a 35.4% drop in revenue for this company during the most-recent quarter.

However, oil prices are rebounding and the company is diversifying into a new business area.

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SHAWCOR LTD. (Toronto symbol SCL; www.shawcor.com) makes sealants and coatings that keep oil… Read More

Strong balance sheet cuts your risk

IMPERIAL OIL LTD. $18 is still a buy for the Resources sector of your portfolio. The integrated oil producer (Toronto symbol IMO; Conservative Growth and Income Portfolios; Shares outstanding: 743.9 million; Market cap: $13.4 billion; Price-to-sales ratio: 0.4; Dividend yield: 4.9%; TSINetwork Rating: Average; www.imperialoil.ca) is cutting its… Read More