Top oil & gas picks for your Resources gains

Article Excerpt

The shares of oil and gas stocks remain high as energy demand stays strong. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio—despite tariffs. Still, to cut risk, stick with producers that have positive cash flow even in times of low energy prices. Here are two that should meet that requirement. Moreover, they pay solid dividends: CENOVUS ENERGY, $17.71, is a buy for long-term gains. Canada’s third-largest oil producer (Toronto symbol CVE; Shares o/s: 1.8 billion; Market cap: $31.9 billion; TSINetwork Rating: Average; Dividend yield: 4.1%; www.cenovus.com) is now Canada’s third-largest producer of oil and natural gas after Canadian Natural Resources and Suncor. That follows Cenovus’s all-stock acquisition of rival oil producer Husky Energy Inc. (Toronto symbol HSE) on January 1, 2021. Cenovus also operates refineries in Canada and the U.S. The company’s oil production in the three months ended December 31, 2024, rose 0.9% to 816,000 barrels a day (82% oil, 18%…