These safety-conscious stocks remain buys

Article Excerpt

OVINTIV INC., $12.64, is a buy. The energy producer (Toronto symbol OVV; Shares outstanding: 259.9 million; Market cap: $3.3 billion; TSINetwork Rating: Average; Dividend yield: 3.9%) operates three core properties: Montney (B.C.), Anadarko (Oklahoma) and Permian (Texas). In addition to natural gas, these fields produce large amounts of oil and natural gas liquids. Ovintiv’s other properties include Duvernay (Alberta), Williston Basin (North Dakota), Eagle Ford (Texas) and Uinta (Utah). The company stands to gain from the mid-October start-up of the Pipestone Processing Facility (PPF) in northern Alberta. That’s five months ahead of schedule. PPF processes natural gas from the Montney shale gas and oil reserve. Keyera Corp. (Toronto symbol KEY) owns 99.9% of the facility, while Ovintiv holds the remaining 0.1%. Still, the start-up of PPF will make it easier for Ovintiv to maximize its Montney production and improve efficiency. Ovintiv Inc. is a buy. METRO INC., $63.88, is a buy. The stock (Toronto symbol MRU; Shares o/s: 251.8 million; Market cap: $15.8 billion; TSINetwork…