Spinoffs & Takeovers Hotline – Friday, July 14, 2023

VALMONT INDUSTRIES INC., $277.52, symbol VMI on New York, is a leader in designing and manufacturing highly engineered products and services for the global infrastructure and agriculture markets.

Its infrastructure products include light standards, traffic lights, sign structures, bridge structures, mass transit poles, etc. Large-scale agriculture… Read More

Two Canadian producers for new buying

We feel all investors should maintain some exposure to oil and gas—and here are two Canadian leaders we think have lots of growth ahead.
OVINTIV INC., $50.35, is a buy. The energy producer (Toronto symbol OVV; Shares outstanding: 276.3 million; Market cap: $13.7 billion; TSINetwork Rating: Average; Dividend… Read More

Q: Pat. I’m thinking of increasing my oil and gas exposure considering some stocks have dropped a bit lately. Do you recommend either the XLE or VDE ETF (each with a basket of U.S. energy companies)? Thank you.

A: We still feel that investors will profit the most with a well-balanced portfolio of high-quality individual stocks, but ETFs can also play a role in a portfolio. Here’s a look at the ETFs you’ve asked about:

Energy Select Sector SPDR ETF, $78.97, symbol XLE on… Read More

A strategic review and asset sales should transform ShawCor’s prospects

A strategic review and asset sales should transform ShawCor’s prospects

New pipeline coating contracts led to a 29.7% revenue boost for ShawCor during the most-recent quarter. Demand continues to improve thanks to rising oil and gas prices as well as a recovering economy.

The stock trades at just 8.2 times the company’s 2023 earnings forecast.

For a rising portfolio

Learn everything you need to know in 'How to Find the Best Growth Stocks' for FREE from The Successful Investor.

Canadian Growth Stocks: CGI Group, CAE Inc., Fortis Inc. Stock and more.

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SHAWCOR LTD… Read More