Updating CAE INC., CENOVUS ENERGY INC. and MOLSON COORS CANADA INC.

Article Excerpt

CAE INC. $10 (www.cae.com) has won $100 million of new contracts. That’s about 6% of CAE’s annual revenue of $1.6 billion. Under these deals, CAE will build and service flight simulators and other equipment for the U.S. and German air forces. Demand for CAE’s products should continue to rise, because it costs much less to train pilots on simulators than on actual aircraft. As well, the company gets half of its revenue from military clients. That cuts its exposure to the cyclical airline industry. Best Buy. CENOVUS ENERGY INC. $34 (www.cenovus.com) has started up the third phase of its 50%-owned Christina Lake oil-sands project in Alberta; ConocoPhillips owns the other 50%. When it reaches full production in 2012, this phase will add 40,000 barrels a day to Christina Lake’s current daily production of 16,000 barrels. Future phases will push up daily production to 218,000 barrels. Buy. MOLSON COORS CANADA INC. $43 (www.molsoncoors.com) plans to invest an extra $280 million in its U.K….