spin off
SUNCOR ENERGY INC. $43 is a buy. The company (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares o/s: 1.3 billion; Market cap: $55.9 billion; Price-to-sales ratio: 1.1: Dividend yield: 4.8%; TSINetwork Rating: Average; www.suncor.com) recently announced a new strategy under which it will focus on its core oil sands projects in Alberta and improve its efficiency.
Under that plan, Suncor has now agreed to buy French oil producer TotalEnergies SE’s remaining Canadian operations, including its 31.23% stake in Alberta’s Fort Hills oil sands project, for $1.47 billion....
We continue to recommend all investors maintain some exposure to the Resources sector—typically about 20% of your total portfolio. That’s mainly because resource stocks act as a hedge against inflation.
To further cut your risk, investors should stick with producers, such as the three we analyze below, with large reserves and low-cost operations....
To further cut your risk, investors should stick with producers, such as the three we analyze below, with large reserves and low-cost operations....
CANADIAN TIRE CORP., $144.81, Toronto symbol CTC.A, is a buy.
Investors benefit from the company’s 503 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....
Investors benefit from the company’s 503 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations....
The IPO Market Has Faced Significant Turmoil in Recent Years, with Losses for Investors, Decreased Demand for Financial Institutions
You Can See Our Spinoff Stock Portfolio For November 2023 Here.
Why we like spinoffs so much
We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:
1) The management of a parent company will only hand out shares in a subsidiary to its own investors if it’s all but certain that business, and the parent, will be better off after the spinoff.
2) Spinoffs involve a lot of work and legal fees....
Danaher is one of our long-time favourites. In fact, we first recommended it in our October 2017 issue just after the spinoff of its industrial products maker Fortive Corp. (New York symbol FTV). In September 2019, we were again pleased with Danaher’s move to unlock more shareholder value with the spin off of dental equipment specialist Envista Holdings Corp....
SUNCOR ENERGY INC., $46.74, Toronto symbol SU, is a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the December 2022 payment, Suncor raised your quarterly dividend by 10.6%, to $0.52 a share from $0.47....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the December 2022 payment, Suncor raised your quarterly dividend by 10.6%, to $0.52 a share from $0.47....
NEWMONT CORP., $39.43, New York symbol NEM, remains a buy for your long-term growth and as a hedge against inflation.
The company is the world’s largest gold miner, with major mines in North America, South America, Australia, and Africa. In addition to gold, it also produces copper, silver, lead and zinc.
Newmont has re-opened its Penasquito mine in Mexico after the union representing its workers agreed to a new four-year contract....
The company is the world’s largest gold miner, with major mines in North America, South America, Australia, and Africa. In addition to gold, it also produces copper, silver, lead and zinc.
Newmont has re-opened its Penasquito mine in Mexico after the union representing its workers agreed to a new four-year contract....
SUNCOR ENERGY INC., $44.03, Toronto symbol SU, is a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
Suncor has now agreed to buy French oil producer TotalEnergies SE’s remaining Canadian operations, including its 31.23% stake in the Alberta’s Fort Hills oil sands project, for $1.47 billion....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. It also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
Suncor has now agreed to buy French oil producer TotalEnergies SE’s remaining Canadian operations, including its 31.23% stake in the Alberta’s Fort Hills oil sands project, for $1.47 billion....
You Can See Our Spinoff Stock Portfolio For October 2023 Here.
Why we like spinoffs so much
We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:
1) The management of a parent company will only hand out shares in a subsidiary to its own investors if it’s all but certain that business, and the parent, will be better off after the spinoff.
2) Spinoffs involve a lot of work and legal fees....