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.
Resource and commodity stocks in general should make up only a limited portion of your portfolio—say less than 20% for a conservative investor or as much as 30% for an aggressive investor. And as part of that segment, energy stocks could make up, say half of that total. The rest could be fertilizer stocks, mining stocks and so on.
Oil and gas stocks have been below-average performers lately, and many investors are tempted to get out of the industry altogether. However, the energy sector can play a crucial role in your portfolio as a hedge against inflation. The low inflation rates of the past couple of decades deserve some of the blame for the poor performance of the sector. However, energy stocks will likely rebound in years to come as the global economy recovers.
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CENOVUS ENERGY INC. $17 is a buy. Canada’s third-largest oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.8 billion; Market cap: $30.6 billion; Price-to-sales ratio: 0.5; Dividend yield 4.2%; TSINetwork Rating: Average; www.cenovus.com) expects to spend between $4.6 billion and $5.0 billion on exploration… Read More
IMPERIAL OIL LTD. $91 is a buy. The integrated oil producer (Toronto symbol IMO; Conservative and Income Growth Portfolios, Resources sector; Shares outstanding: 523.4 million; Market cap: $47.6 billion; Price-to-sales ratio: 1.9; Dividend yield: 3.2%; TSINetwork Rating: Average; www.imperialoil.ca) is down 7% in the past month, mainly due… Read More
VEREN INC., $9.54, is now a tender for investors. The company (Toronto symbol VRN; Shares o/s: 611.8 million; Market cap: $5.8 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.8%; www.vrn.com) has received a takeover offer from Whitecap Resources (symbol WCP on Toronto). That firm will pay 1.05 of… Read More
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—despite tariffs. Still, to cut risk, stick with producers that… Read More
COTERRA ENERGY, $28.69, is a buy. The company (New York symbol CTRA; TSINetwork Rating: Extra Risk) (www.coterra.com; Shares outstanding: 736.4 million; Market cap: $21.1 billion; Dividend yield: 2.9%) and Halliburton Energy Services (symbol HAL on New York) have announced the launch of autonomous hydraulic fracturing technology in North… Read More
Imperial Oil’s shares have dropped recently in response to threatened U.S. tariffs on Canadian oil imports. However, the company’s falling operating costs should help reduce any tariff-related impact. In fact, Imperial is so confident in its prospects, it just raised your dividend by 20%.
IMPERIAL OIL… Read More
SUNCOR ENERGY INC. $57 is a buy. Canada’s largest integrated oil producer (Toronto symbol SU; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.3 billion; Market cap: $74.1 billion; Price-to-sales ratio: 1.4: Dividend yield: 4.0%; TSINetwork Rating: Average; www.suncor.com) put out a record 827,000 barrels a day in 2024,… Read More
The best way for investors to cut the risk of Resources holdings is to focus on producers with high-quality reserves, like Ovintiv. The company’s recent deal to increase its presence in the large Montney region should also spur its cash flow over the next few… Read More
IMPERIAL OIL LTD., $95.25, is a buy. The company (Toronto symbol IMO; Shares outstanding: 523.4 million; Market cap: $49.5 billion; TSINetwork Rating: Average; Dividend yield: 2.5%; www.imperialoil.ca) gets over 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations… Read More
Oil giant Chevron recently won U.S. regulatory approval for its deal to buy smaller rival Hess Corp. While expanding by acquisition adds risk, the new operations will add several promising properties to Chevron’s reserves. The extra cash flow will also let the oil giant keep… Read More
COMPUTER MODELLING GROUP, $10.90, is a buy. The company (Toronto symbol CMG; TSINetwork Rating: Extra Risk) (www.cmgl.ca; Shares outstanding: 82.2 million; Market cap: $895.4 million; Dividend yield: 1.8%) is now acquiring Sharp Reflections GmbH for $37 million.
Sharp is headquartered in Germany, with operations in the U.S. It aims… Read More
We still recommend that most investors maintain exposure to the oil and gas industry as part of a balanced portfolio. To cut risk, focus on producers with positive cash flow even at lower energy prices. Here’s one that meets that requirement—and pays a solid dividend.
COTERRA… Read More
CENOVUS ENERGY INC. $22 is a buy. Canada’s third-largest oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.8 billion; Market cap: $39.6 billion; Price-to-sales ratio: 0.7; Dividend yield 3.3%; TSINetwork Rating: Average; www.cenovus.com) expects to spend between $4.5 billion and $5.0 billion in 2024… Read More
IMPERIAL OIL, $100.29, is a #1 Buy for 2024. The company (Toronto symbol IMO; Shares o/s: 523.4 million; Market cap: $53.6 billion; TSINetwork Rating: Average; Yield: 2.4%; www.imperialoil.ca) gets about 99% of its production from oil sands operations in Alberta. Imperial also has conventional oil and natural gas operations… Read More
OVINTIV INC., $59.96, is a buy. The energy producer (Toronto symbol OVV; Shares outstanding: 260.3 million; Market cap: $16.2 billion; TSINetwork Rating: Average; Dividend yield: 2.7%) operates four core oil and gas properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah).
Ovintiv recently agreed to acquire certain assets… Read More
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… Read More
CENOVUS ENERGY, $22.57, is a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 1.8 billion; Market cap: $41.2 billion; TSINetwork Rating: Average; Dividend yield: 3.2%; www.cenovus.com) reported that its net debt (total debt less cash balances) fell to $4.0 billion in July 2024 from $5.06 billion… Read More
Oil and gas stocks moved up as the U.S. and other economies recovered after the pandemic. The war in Ukraine also spurred prices. Prices have softened lately on fears of slower global economies, but we still recommend that most investors maintain exposure to the oil… Read More
IMPERIAL OIL LTD. $106 is a buy. The company (Toronto symbol IMO; Conservative and Income Growth Portfolios, Resources sector; Shares outstanding: 604.8 million; Market cap: $64.1 billion; Price-to-sales ratio: 1.2; Dividend yield: 2.3%; TSINetwork Rating: Average; www.imperialoil.ca) recently started producing oil at its Grand Rapids oil sands project… Read More
CENOVUS ENERGY INC. $24 is a buy. Canada’s third-largest oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares o/s: 1.9 billion; Market cap: $45.6 billion; Price-to-sales ratio: 0.8; Dividend yield 3.0%; TSINetwork Rating: Average; www.cenovus.com) reported that its net debt (total debt less cash balances) fell… Read More
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