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 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
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
We first recommended Canadian Pacific Railway (now called Canadian Pacific Kansas City) in the first issue of The Successful Investor in January 1995.
The stock moved up for our subscribers in the late 1990s, though much more slowly than Internet and technology stocks. However, CP held… Read More
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
BANK OF NOVA SCOTIA, $61.99, Toronto symbol BNS, remains a buy.
In the past few years, Bank of Nova Scotia has narrowed its international focus to four countries in Latin America—Mexico, Peru, Colombia and Chile. Those four markets—which the bank refers to as “the Pacific Alliance”—have… Read More
TORONTO-DOMINION BANK, $81.01, Toronto symbol TD, is a buy.
The bank is now raising your quarterly dividend by 6.3%. Starting with the January 2024 payment, investors will receive $1.02 a share instead of $0.96. The new annual rate of $4.08 yields a solid 5.0%.
TD continues to… Read More
BANK OF NOVA SCOTIA, $61.00, Toronto symbol BNS, remains a buy.
Due to the current economic uncertainty as a result of higher interest rates and inflation, Bank of Nova Scotia set aside $1.26 billion to cover future loan losses in its fiscal 2023 fourth quarter, ended October… Read More
We continue to recommend all investors maintain some exposure to the Resources sector—typically about 20% of your total portfolio. That’s mainly because resource stocks act as a hedge against inflation.
To further cut your risk, investors should stick with producers, such as the three we analyze… Read More
While production, revenues and cash flow all dropped in the most recent quarter, we feel all investors should maintain some exposure to oil and gas— here’s Cenovus, a Canadian leader with lots of growth ahead.
The existing cash flow is being used to retire liabilities such… Read More
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