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The Successful Investor Hotline – Friday, May 6, 2022

IMPERIAL OIL LTD., $68.02, Toronto symbol IMO, is a buy.

This company gets about 60% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations in the West and holds stakes in projects off the coast of Atlantic Canada.

Imperial’s other operations include three refineries (one in Alberta, two in Ontario) and a petrochemical plant in Sarnia, Ontario.

The company now plans to buy back up to $2.5 billion of its common shares (about 6% of the total) through a Dutch auction process.

Investors who want to participate must offer their shares for between $62.00 and $78.00 (in increments of $0.25) before June 10, 2022....

7 min read

Pat McKeough

Energy Stocks

Cenovus triples its dividend

CENOVUS ENERGY, $25.70, remains a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 2.0 billion; Market cap: $49.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 1.6%; www.cenovus.com) completed its acquisition of rival oil producer Husky Energy in January 2021.

The combined firm is now Canada’s third-largest producer of oil and natural gas, and the country’s second-largest refiner.

Cenovus’s production in the three months ended March 31, 2022 rose 3.8%, to 798,600 barrels a day (82% oil, 18% natural gas) from 769,300....

1 min read

Pat McKeough

Dividend Stocks

These safety-conscious stocks remain buys

ENBRIDGE, $57.53, is a #1 Buy for 2021. The firm (Toronto symbol ENB; Shares outstanding: 2.0 billion; Market cap: $114.0 billion; TSINetwork Rating: Above Average; Dividend yield: 6.0%; www.enbridge.com) operates pipelines that pump Western Canadian oil and gas to eastern Canada and the U.S....

2 min read

Pat McKeough

Dividend Stocks

IBM prospers in the cloud

IBM, $137.40, is still a buy. The company (New York symbol IBM; Shares o/s: 899.3 million; Market cap: $119.2 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%) is one of the world’s largest computing firms, with operations in over 175 countries.

Thanks to strong growth at its cloud computing and consulting businesses, IBM’s revenue in the three months ended March 31, 2022, rose 7.7%, to $14.20 billion from $13.19 billion a year earlier....

1 min read

Pat McKeough

Growth Stocks

These two grocers just keep getting stronger

Loblaw and Metro have successfully weathered the pandemic so far and, in fact, both stocks are trading at all-time highs for our subscribers! Meanwhile, many of their customers who opted for home delivery (or in-store pickup) during pandemic lockdowns are sticking with that value-added service....

2 min read

Pat McKeough

Dividend Stocks

BCE taps into gambling

BCE INC., $69.41, is a buy. The company (Toronto symbol BCE; Shares outstanding: 910.9 million; Market cap: $62.5 billion; TSINetwork Rating: Above Average; Dividend yield: 5.3%) is taking a first step into online betting.

Ottawa recently legalized online betting on individual sporting events....

1 min read

Pat McKeough

Mining Stocks

Newmont keeps growing

NEWMONT CORP. $73.39, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 793.7 million; Market cap: $57.3 billion; TSINetwork Rating: Average; Dividend yield: 3.0%; www.newmont.com) now expects to spend $2.3 billion on its existing mines and new projects for all of 2022.

That should raise this year’s gold production by 4% to 6.2 million ounces....

1 min read

Pat McKeough

Blue Chip Stocks

TD profits with Schwab

TD BANK, $94.24, (Toronto symbol TD; Shares o/s: 1.8 billion; Market cap: $169.9 billion; TSINetwork Rating: Above Average; Div. yield: 3.8%; www.td.com) is a buy. The bank merged its 43%-owned U.S. online brokerage firm TD Ameritrade Holding Corp....

1 min read

Pat McKeough

ETFs

Six global markets: 4 ETF buys and 2 holds

All of the major global stock markets fell at the outbreak of COVID-19. But many top markets have since rebounded. We think the outlook remains positive for quality stocks, and one way to profit from that—while cutting your risk—is to invest in top ETFs.

Here’s a look at four international funds that we believe are suitable for your new buying....

8 min read

Pat McKeough

Dividend Stocks

Primaris REIT: New buy

PRIMARIS REIT, $14.56, is a buy. The trust (Toronto symbol PMZ.UN; units o/s: 101.4 million; Market cap: $1.5 billion; TSINetwork Rating: Average; Yield: 5.5%; www.primarisreit.com) owns 35 enclosed and open air shopping malls in Canada....

1 min read

Pat McKeough

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Chuck Chakrapani, PhD
Investors Association of Canada
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Subscriber since 1996. Inner Circle Member Since 2006
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Walter H.
Inner Circle Pro subscriber

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Cannabis

Spinoffs

One of the ways a company can try to unlock its own hidden value is by creating a separate company out of a corporate subsidiary. The parent company can either sell stock in the new company to the public, or spin it off—hand the stock out to its own investors.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

ETFs

What are ETFs?

ETF is an acronym for exchange traded fund. These exchange traded funds are used to track indexes as closely as possible, since investors cannot actually buy an index outright.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Penny Stocks

A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

Mining Stocks

Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.

How To Invest

Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.