Top Canadian Stocks For 2014
According to the Canadian Association of Petroleum Producers, or CAPP, Canadian oil production will more than double over the next two decades, fueled by steadily growing oil sands production and a rebound in conventional production.
But could the rise of alternative energy sources such as solar render expensive oil sands projects unprofitable within the next several years? Let’s take a closer look.
CAPP forecasts total production to reach 6.7 million barrels per day in 2030, compared to roughly 3.2 million barrels per day last year. It expects oil sands output to account for a little over three-quarters of the expected 6.7 million barrels per day in 2030, or around 5.2 million barrels per day.
Conventional crude and condensate from western Canada will make up the remaining 1.4 million barrels per day, while eastern Canadian production is expected to account for the remaining 100,000 barrels per day, CAPP reckons.
Top Canadian Stocks For 2014: ENI S.p.A. (E)
Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. The company also involves in the production and sale of electricity; refining and marketing of petroleum products; and production and sale of petrochemical products and hydrocarbons. In addition, it engages in the offshore and onshore hydrocarbon field construction. Further, the company offers offshore and onshore drilling, and offshore design and engineering services for oil and gas companies. It has a strategic partnership with Gazprom for the joint development of projects in the upstream oil and gas markets. Eni SpA operates in Europe, Africa, Asia and Oceania, and the Americas. The company was founded in 1953 and is headquartered in Rome, Italy with an additional office in San Donato Milanese, Italy.
Top Canadian Stocks For 2014: Canadian Imperial Bank of Commerce(CM)
Canadian Imperial Bank of Commerce provides various financial products, services, and advice to individual, small business, commercial, corporate, and institutional clients in Canada and internationally. The company offers retail markets services comprising personal banking, business banking, and wealth management services, as well as investment management services to retail and institutional clients. It also provides wholesale banking services, including credit, capital markets, investment banking, merchant banking, and research products and services to government, institutional, corporate, and retail clients. The company provides its services through its branch network, automated bank machines, mobile banking, and online banking site. As of June 3, 2011, it operated approximately 1,100 branches and 4,000 automated bank machines in Canada. The company was founded in 1867 and is headquartered in Toronto, Canada.
- [By ETF Authority]
Canadian Imperial Bank of Commerce (NYSE:CM): Up 0.89% to $69.33. Canadian Imperial Bank of Commerce provides banking and financial services to consumers, individuals, and corporate clients in Canada and around the world.
5 Best Stocks To Own For 2014: Kinross Gold Corporation(KGC)
Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It also involves in the exploration and acquisition of gold bearing properties. The company?s gold production and exploration activities are carried out principally in the Americas, Africa, and the Russian Federation. As of December 31, 2010, its proven and probable mineral reserves were 62.4 million ounces of gold, 90.9 million ounces of silver, and 1.4 billion pounds of copper. The company was founded in 1972 and is based in Toronto, Canada.
- [By Mel Daris]
First up is Kinross Gold (KGC), a miner and processor of gold, silver, and copper ores. The Toronto-based company produces gold from mines on four continents and has proven reserves of 63 million ounces of gold, 85 million ounces of silver, and 1.4 billion pounds of copper. The stock trades for $9 per share and pays a dividend which yields 1.80%. It also posted a net loss in 2011 of $2 billion before adjustments, therefore it does not have a valid price-to-earnings ratio. For curiosity’s sake, Kinross’s P/E is -4.87. Its statement of cash flows, which includes adjustments to income and net borrowing shows the company holds $300 million more cash than it did at the end of 2010. From a business standpoint, the company looks like it is making the right choices long-term. The company has doubled its net tangible assets to over $8 billion in just two years in an effort to capitalize on the rising price of gold during the recent financial crisis. Solid long-term busine ss decisions, however, can burn investors in the short run.
- [By Luke Burgess]
Canadian-based Kinross Gold is one of the world’s top five gold producers. With operations that span four continents, the company produced 2.61 million ounces of gold last year, a 12% increase over the company’s output in 2010.
The boost in production helped fuel Kinross’ cash flow amid rising gold prices – firing revenue up 31% to nearly $4 billion last year.
For 2012, Kinross says that it expects to produce approximately 2.6 to 2.8 million gold equivalent ounces from its current operations.
Rising production costs have, however, cut into Kinross’ revenue over the past several quarters. Full-year production costs in 2011 averaged $596 per gold equivalent ounce, versus $506 per gold equivalent ounce for full-year 2010.
Kinross says production costs are expected to rise again in 2012 in the range of $670 to $715 per gold equivalent ounce. So the rise in production costs may offset rising revenue from increased pr oduction if the market sees weaker gold prices.
Kinross’ gold stock currently pays a semi-annually dividend. The company recently declared a dividend of US$0.08 per common share, payable on March 31, 2012 to shareholders of record at the close of business on March 23, 2012.
- [By Mark]
Kinross Gold (KGC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It also involves in the exploration and acquisition of gold bearing properties. The company has a P/E ratio of 18.5, above the average metals & mining industry P/E ratio of 18.1 and above the S&P 500 P/E ratio of 17.7. Kinross has a market cap of $20 billion and is part of the basic materials sector and metals & mining industry. Shares are down 6.6% year to date as of the close of trading on We dnesday.
Top Canadian Stocks For 2014: Talisman Energy Inc.(TLM)
Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. It primarily operates in North America, the North Sea, and southeast Asia. The company was founded in 1925 and is headquartered in Calgary, Canada.
Top Canadian Stocks For 2014: STMicroelectronics N.V.(STM)
STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. Its products include discrete and standard commodity components, application-specific integrated circuits, custom devices and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications. The company also offers subsystems and modules for the telecommunications, automotive, and industrial markets comprising mobile phone accessories, battery chargers, ISDN power supplies, and in-vehicle equipment for electronic toll payment, as well as provides Smartcard products. Its products are used in various microelectronic applications consisting of automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation, and control systems. The company sells its products through distributors and ret ailers. STMicroelectronics N.V. was founded in 1987 and is headquartered in Geneva, Switzerland.
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