Higher dividends on the way

CENOVUS ENERGY INC. $24 is a buy. The country’s third-largest oil producer (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $45.6 billion; Price-to-sales ratio: 0.8; Dividend yield 2.3%; TSINetwork Rating: Average; www.cenovus.com) plans to spend between $4.5 billion and $5.0 billion on… Read More

Cenovus boost spending

CENOVUS ENERGY, $23.42, is a buy for long-term gains. The company (Toronto symbol CVE; Shares o/s: 1.9 billion; Market cap: $44.4 billion; TSINetwork Rating: Average; Yield: 2.4%; www.cenovus.com) expects to spend between $4.5 billion and $5.0 billion on exploration and upgrades in 2024. That’s up from its likely 2023… Read More

New pipeline improves their prospects

These two oil producers continue to increase their production. That will let them take advantage of the expansion of the TransMountain pipeline, which pumps crude from Alberta to the B.C. coast. The new line will let them sell crude at higher prices than oil shipped… Read More

These two keep rewarding their investors

Here are two of our leading safety-conscious oil and gas recommendations. Both are in strong positions to profit from higher energy prices and to keep rewarding investors with higher dividends and share buybacks. Each is a buy.
IMPERIAL OIL LTD., $79.80, is a buy. The company (Toronto symbol… Read More