Oil/gas services company. Clean balance sheet. Has been making and will continue to make small acquisitions. Focuses about 80% oil. Beginning operations in Colombia, which is a good market for oil exploration.
Stock has not acted well because of some major capital expenditures for expansion and will probably cut distributions next year. Most levered stock to oil prices in Canada. Has no exploration and is the biggest owner of Syncrude.
Medical devices for ORs, pharmaceuticals and medical supplies. Based in Ireland. Stock was hurt with the Tylenol recall and a drop in surgeries with the drop in the economy. That is now stabilizing.
Although gold is moving up, this stock is not moving much and could be because of the resurgence in oil prices. Mining stocks are energy intensive, which eats into the profits.
Because of the strong quest for yield, stock has become overpriced. There will come a point when they have to decide if they are going to grow or cut the yield to finance growth.
(A Top Pick Oct 13/09. Down 8.85%.) Suncor or Canadian Natural Resources (CNQ-T)? Likes the long-term outlook for oil sands. Suncor is the better valuation of the two. (See Top Picks.)
Suncor (SU-T) or Canadian Natural Resources? Likes the long-term outlook for oil sands. Suncor is the better valuation of the two but nothing wrong with this one. (See Top Picks.)