Two big oil companies with gains ahead

SUNCOR ENERGY INC. $43 (Toronto symbol SU; Cyclical-Growth Payer Portfolio, Resources sector; Shares outstanding: 1.6 billion; Market cap: $68.8 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Above Average; www.suncor.com) is Canada’s largest integrated oil company, with major projects in the Alberta oil sands. It also owns four refineries… Read More

IMO’s expansion pays off

IMPERIAL OIL LTD. $43.70 (Toronto symbol IMO; Shares o/s: 802.7 million; Market cap: $34.8 billion; TSINetwork Rating: Average; Dividend yield: 1.7%; www.imperialoil.ca) has already seen the benefits of recent expansions at its Kearl oil sands property. It’s also doing a good job of controlling its operating costs.
This… Read More

Imperial is still our top oil pick

Imperial Oil has already seen the benefits of recent expansions at its Kearl oil sands property. The company is also doing a good job of controlling its operating costs.
Still, its focus on Canada adds risk. Specifically, a lack of new pipeline capacity continues to depress… Read More