spin off

FREEHOLD ROYALTIES LTD., $13.68, symbol FRU on Toronto, holds the oil and natural gas rights on 6.4 million acres of land, mostly in Alberta and Saskatchewan, but also in British Columbia, Manitoba and Ontario. It has 900,000 acres of land in North Dakota, Louisiana and Texas.

The company collects royalties from over 380 oil and gas producers operating over 18,000 wells on its land....

CANADIAN PACIFIC KANSAS CITY LTD., $104.03, Toronto symbol CP, is your #1 Conservative Buy for 2023.

The company took its current form on April 14, 2023, when Canadian Pacific Railway Ltd. completed its acquisition of U.S.-based railway Kansas City Southern.

CP paid $31 billion U.S....

Petro-Canada was Canada’s second largest integrated oil company. Its production centred on Western Canada before its sale to Suncor.

You Can See Our Spinoff Stock Portfolio for July 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....

GE HEALTHCARE TECHNOLOGIES INC. $79 is a buy. The company (Nasdaq symbol GEHC; Manufacturing sector; Shares outstanding: 479.7 million; Market cap: $37.9 billion; Dividend yield: 0.2%; Takeover Target Rating: Medium; www.gehealthcare.com) makes X-ray equipment, MRIs and ultrasound scanners.


The company took its current form in January 2023 when General Electric Co....

Auto parts maker Cummins recently carved out its filtration products business as a separate firm called Atmus. We expect the split will work out well for both firms. However, we prefer Cummins for your new buying right now, as its long-term plan is to hand out its remaining Atmus shares to its own shareholders.


CUMMINS INC....

TECK RESOURCES LTD. $58 is a buy. The company (Toronto symbol TECK.B; Resources sector; Shares outstanding: 515.0 million; Market cap: $29.9 billion; Dividend yield: 0.9%; Takeover Target Rating: Lowest; www.teck.com) recently cancelled a controversial plan to spin off its metallurgical coal business, as winning shareholder approval would have been difficult....

3M COMPANY, $99.89, New York symbol MMM, remains a buy for long-term gains.

The company makes over 60,000 consumer and industrial goods, including air purifiers, adhesives, bandages and components for medical devices. Its main brands include Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard protection and Thinsulate insulation.

The stock moved up this week on reports that 3M has agreed to settle lawsuits related to the release of polyfluoroalkyl substances (PFAS) from its operations in several U.S....

TECK RESOURCES LTD., $56.72, Toronto symbol TECK.B, remains a buy for investors seeking long-term gains from the Resources sector of their portfolio.

The company is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces copper and zinc.

Teck confirmed this week that it has received several takeover offers for its coal operations.

The company recently cancelled a controversial plan to spin off its coal business yet continue to receive revenue from that business....

TECK RESOURCES LTD. $57 is a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 512.3 million; Market cap: $29.2 billion; Price-to-sales ratio: 1.8; Dividend yield: 0.9%; TSINetwork Rating: Extra Risk; www.teck.com) recently dropped its plan to spin off its coal business due to difficulty securing the required two-thirds approval of the class B subordinate voting shareholders (1 vote per share)....