Top Canadian Stocks To Own For 2019

The OPEC deal and two new pipelines to be built in Western Canada saw my favorite oil & gas stocks tick higher – much higher in some cases. And, this should be just the beginning!

As supply and demand come back into balance, Western Canadian producers should find prices sufficient to fund growth without adding to debt. At the same time, the Trans Mountain pipeline will provide access to tidewater and the upgraded Enbridge line will provide a bit more capacity, both of which should act to shrink the differential between Alberta prices and West Texas Intermediate, currently somewhere in the low-to-mid teens. Both projects are expected to be complete by 2019, easing major transportation bottlenecks.

A run-down of today’s action shows the leverage on the day of the announcement:

Penn West (NYSE:PWE) gained $0.17 per share or 10.8%

Pengrowth (NYSE:PGH) added $0.23 or 17.8%

Enerplus (NYSE:ERF) tacked on $1.29 or 17.5%

All three of these names remain undervalued in my opinion. All three have -made significant progress in de-levering their balance sheets (although PGH still has a way to go to be out of the woods entirely). All three expect to fund their capital outlays through internally generated cash flows and still reduce debt even further.

Top Canadian Stocks To Own For 2019: Safeway Inc.(SWY)

Advisors’ Opinion:

  • [By Jim Robertson]

    In addition, Goldcorps (NYSE: GG) l茅onore mine in the heart of the territory along with the Troilus mine (which produced over 2 million ounces of gold from 1997-2010 and is estimated to have another remaining 2 million ounces of reserves) are helping to maintain the interest of junior exploration companies in nearby properties. The same can be said about the Otish Mountainsarea following the discovery of diamonds byStornoway Diamond Corporation (TSX: SWY) at their Renard diamond mine which is projected to produce 1.5-2 millions carats per year.

Top Canadian Stocks To Own For 2019: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Motley Fool Staff]

    In this segment of the Motley Fool Money podcast, host Chris Hill is joined by Million Dollar Portfolio’s Jason Moser, Hidden Gems Canada’s David Kretzmann, and Total Income’s Ron Gross to reflect on last week’s business and economic news, and one of the big stories was that once-admired bank Wells Fargo(NYSE:WFC) was taking yet another mea culpa for yet more ways it was abusing its customers’ trust.

  • [By Max Byerly]

    Fiduciary Trust Co. trimmed its holdings in Wells Fargo & Co (NYSE:WFC) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,474 shares of the financial services provider’s stock after selling 6,301 shares during the quarter. Fiduciary Trust Co.’s holdings in Wells Fargo & Co were worth $18,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) short interest dropped to 40.62 million shares from the previous reading of 43.99 million. Shares were trading at $53.71, within a 52-week range of $49.27 to $66.31.

  • [By Motley Fool Staff]

    Wells Fargo and Company (NYSE:WFC)Q1 2018 Earnings Conference CallApril 13, 2018, 10:00 a.m. ET

    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:


  • [By Jordan Wathen]

    The Federal Reserve isn’t pleased with Wells Fargo’s (NYSE:WFC) scandals, but it isn’t opposed to the bank paying out billions of dollars to its shareholders.

Top Canadian Stocks To Own For 2019: Rhino Resource Partners LP(RNO)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Renold (LON:RNO) announced its earnings results on Tuesday. The company reported GBX 4.50 ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of GBX 4.50 ($0.06), Bloomberg Earnings reports. Renold had a return on equity of 201.92% and a net margin of 4.30%.

  • [By Shane Hupp]

    Deutsche Bank set a €115.00 ($133.72) target price on Renault (EPA:RNO) in a report released on Friday morning. The firm currently has a buy rating on the stock.

Top Canadian Stocks To Own For 2019: Nu Skin Enterprises Inc.(NUS)

Advisors’ Opinion:

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on Nu Skin Enterprises (NUS)

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  • [By ]

    Nu Skin Enterprises (NYSE: NUS) is benefiting from two key trends: its strong presence in Asia where it books 79% of its revenue and leading brand awareness with millennials. The company has increased its dividend every year since 2001, now paying a 2% yield, and maintains a share repurchase program that returns excess cash to shareholders.

  • [By Max Byerly]

    Nu Skin Enterprises (NYSE: NUS) and PetIQ (NASDAQ:PETQ) are both consumer staples companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, earnings, dividends, profitability, analyst recommendations, valuation and risk.

  • [By Stephan Byrd]

    Federated Investors Inc. PA raised its holdings in Nu Skin Enterprises, Inc. (NYSE:NUS) by 20.7% during the first quarter, Holdings Channel reports. The institutional investor owned 125,726 shares of the company’s stock after buying an additional 21,522 shares during the quarter. Federated Investors Inc. PA’s holdings in Nu Skin Enterprises were worth $9,267,000 at the end of the most recent quarter.

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