Five TSX energy stocks set to benefit from unlocking Canadian oil supplies. Plus, the 2024 Buyer’s Guide for U.S. ETFs

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 66%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A roundup of investment ideas for active investors

RBC Capital Markets head of global energy research Greg Pardy’s most recent report notes that oil sands producers, with stock prices previously held back by greenhouse gas emissions concerns and a lack of pipeline capacity, are seeing positive news on both fronts. He estimates significant upside ahead for select stocks.

Initial flows of heavy oil are already making their way through the Trans Mountain pipeline extension to the west coast. An estimated 379,000 extra barrels per day will be transported by the end of the second quarter of this year. Mr. Pardy estimates that Canada’s primary oil sands producers – Canadian Natural Resources, Suncor, Cenovus, Imperial Oil and MEG Energy – trade at an average 2 per cent discount to large European producers and roughly 3 per cent below U.S. major oil producers.

After a surge of almost 30 per cent for the S&P 500 Index over the past 12 months, many diversified portfolios will almost certainly be overweighted in the U.S. market. If you own U.S. stocks or equity funds, some portfolio rebalancing is probably in order. If you have little or no U.S. exposure, get it.of the 2024 Globe and Mail ETF Buyer’s Guide covers 10 funds you can use to cover off U.S. markets.The IPO market has been graveyard quiet for two years now. U.S.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 31. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

TSX could 'disappear' without more domestic investment from Canadian pensions: LetkoA veteran wealth management executive says that unless Canada’s largest pension plans start investing more domestically, institutions like the Toronto Stock Exchange could one day fall by the wayside.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

The highest-yielding stocks on the TSX, plus risk dataA look at the equities dividend investors should be seeking
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Five things to watch for in the Canadian business world in the coming weekFive things to watch for in the Canadian business world in the coming week.
La source: timescolonist - 🏆 15. / 75 Lire la suite »

Five things to watch for in the Canadian business world in the coming weekTORONTO — Five things to watch for in the Canadian business world in the coming week: Bank of Canada Bank of Canada senior deputy governor Carolyn Rogers will give a speech in Halifax on Tuesday.
La source: PGCitizen - 🏆 65. / 51 Lire la suite »

Five things to watch for in the Canadian business world in the coming weekTORONTO — Five things to watch for in the Canadian business world in the coming week: Bank of Canada Bank of Canada senior deputy governor Carolyn Rogers will give a speech in Halifax on Tuesday.
La source: BurnabyNOW_News - 🏆 14. / 77 Lire la suite »