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You Can See Our CWA REIT & Trust Portfolio For June 2024 Here.
The federal government’s tax on income-trust distributions took effect on January 1, 2011....
TC ENERGY INC., $54.50, is a buy. The company (Toronto symbol TRP; Shares o/s: 1.0 billion; Market cap: $56.5 billion; TSINetwork Rating: Above Average; Dividend yield: 7.1%; www.tcenergy.com) has set the terms for the upcoming spinoff of its oil pipeline business (called South Bow Corp.): investors will receive 0.2 of a South Bow share for every TC share they hold....
ENBRIDGE, $49.68, is a buy. The firm (Toronto symbol ENB; Shares outstanding: 2.1 billion; Market cap: $105.6 billion; TSINetwork Rating: Above Average; Dividend yeld: 7.4%; www.enbridge.com) is moving ahead with its plan to upgrade and encase the part of its Line 5 pipeline that crosses the Straits of Mackinac (between Lake Michigan and Lake Huron) inside an underground tunnel....
ISHARES S&P/TSX REIT INDEX ETF, $15.09, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 16 Canadian real estate investment trusts in the S&P/TSX REIT Index....
Insurers write policies, collect premiums from customers, and then invest those premiums to meet future claims. That need to cover claims means they invest significant amounts of their funds in fixed-income instruments, primarily bonds. That also means high interest rates are a boon to their returns....
PEMBINA PIPELINE, $50.21, is a buy. The company (Toronto symbol PPL; Shares o/s: 579.5 million; Market cap: $29.1 billion; TSINetwork Rating: Average; Dividend yield: 5.5%; www.pembina.com) has entered into an agreement with ARC Resources ...
Telus and Ovintiv are among the leaders in their respective markets. We still see both stocks as buys.
TELUS, $22.80, is a buy. The stock (Toronto symbol T; Shares outstanding: 1.5 billion; Market cap: $33.8 billion; TSINetwork Rating: Above Average; Dividend yield: 6.6%; www.telus.com) is a Canadian wireless carrier with 13.06 million subscribers....
VEREN INC., $10.74, is a buy for aggressive investors. The company (Toronto symbol VRN; Shares outstanding: 619.5 million; Market cap: $6.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.3%; www.vrn.com) is the new name of Crescent Point Energy Corp.
The company has rebranded to highlight its new focus on two key Alberta oil and gas plays.
That’s after the sale of its assets in Utah and Saskatchewan, and acquisitions from Shell PLC and Paramount Resources to build a presence in Alberta’s Kaybob Duvernay region....
The company has rebranded to highlight its new focus on two key Alberta oil and gas plays.
That’s after the sale of its assets in Utah and Saskatchewan, and acquisitions from Shell PLC and Paramount Resources to build a presence in Alberta’s Kaybob Duvernay region....
The shares of oil and gas stocks remain high as energy demand stays strong. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. But, to cut risk, you should stick with producers that have positive cash flow even in times of low energy prices....
BROOKFIELD RENEWABLE PARTNERS L.P., $38.25, is a buy. The partnership (Toronto symbol BEP.UN; Units outstanding: 646.0 million; Market cap: $25.5 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.8%; www.bep.brookfield.com) has now agreed to provide Microsoft Corp....