Purchase lifts Ovintiv’s output

OVINTIV INC. $66 is a buy. The company (Toronto symbol OVV; Conservative Growth Portfolio, Resources sector; Shares outstanding: 273.9 million; Market cap: $18.1 billion; Price-to-sales ratio: 1.0; Dividend yield: 2.4%; TSINetwork Rating: Average; www.ovintiv.com) recently paid private equity firm EnCap Investments L.P. $4.4 billion (73% in cash, 27%… Read More

IMO rewards its investors

IMPERIAL OIL LTD., $69.74, is a buy. The company (Toronto symbol IMO; Shares outstanding: 584.2 million; Market cap: $41.5 billion; TSINetwork Rating: Average; Dividend yield: 2.9%; www.imperialoil.ca) gets about 90% of its production from oil sands operations in Alberta. Imperial also has conventional oil and gas operations in… Read More

Q: Hello, Pat. I’ve been quite content in my investments knowing that your professional decisions have been very good. What do you think of Keyera Corp.? Thanks.

A: Keyera Corp., $32.86, symbol KEY on Toronto (Shares outstanding: 229.2 million; Market cap: $7.5 billion; www.keyera.com), engages in the gathering and processing of natural gas; and the transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the U.S.

The company operates in… Read More

Low oil prices weigh on Chevron

CHEVRON CORP. $161 is a buy. The company (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $305.9 billion; Price-to-sales ratio: 1.3; Dividend yield: 3.8%; TSINetwork Rating: Average; www.chevron.com) is the second-largest integrated oil producer in the U.S. by revenue after ExxonMobil… Read More

New projects will lift TC’s dividend

The toll rates that pipeline operators like TC Energy charge oil and gas producers are mainly set by government regulators. Those set rates ensure providers get an acceptable rate of return on new projects. The government-involvement also protects TC from volatile swings in energy prices.
Thanks… Read More