Top Canadian Stocks To Own Right Now


Related CNQ British Columbia Could Become A Major Oil Player Vox's Canada Population Map Is Pretty Incredible Canadian Natural Resources boosts drilling plans as oil prices strengthen (Seeking Alpha)

Citi has reaffirmed its Buy rating on Canadian Natural Resource Ltd (USA) (NYSE: CNQ) following its annual analyst meeting at which the company said it now expects production to increase about 25 percent by 2019 (8 percent CAGR).

Top Canadian Stocks To Own Right Now: Plains All American Pipeline L.P.(PAA)


Advisors’ Opinion:

  • [By Dustin Parrett]

    Plains All American Pipeline (NYSE: PAA) controls 4 million barrels of crude oil and natural gas a day.

    And with higher oil prices and fewer restrictions leading to more drilling, PAA’s pipelines will be in demand in 2017.

  • [By Matthew DiLallo]

    One of the largest projects is the Saddlehorn Pipeline, which Magellan is building with Plains All American Pipeline (NYSE:PAA) and Anadarko Petroleum (NYSE:APC). Both Plains All American Pipeline and Magellan own 40% of the project, which puts their total investment at $230 million apiece. They expect the project to be fully operational early next year, which is noteworthy given its robust first-year economics. Magellan estimates that it will earn eight times EBITDA on the capital deployed, or roughly $28.8 million in annual EBITDA apiece for Magellan and Plains All American Pipeline on their investment.

  • [By Dustin Parrett]

    We think Plains All American Pipeline L.P. (NYSE: PAA) is one of the best oil stocks to buy this year. In fact, we see a scenario where PAA stock could jump 20% in 2017.

Top Canadian Stocks To Own Right Now: Prestige Brand Holdings Inc.(PBH)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Castor believes the cash has disappeared into working capital, which has grown from 23% to more than 50% since 2008. Comparable company PrestigeBrand (PBH) uses 11%; Unilever(UL) and Colgate-Palmolive(CL) far less.

Top Canadian Stocks To Own Right Now: Wells Fargo & Company(WFC)


Advisors’ Opinion:

  • [By Chris Dier-Scalise]

    Among the brands being sold were Alcoa Corporation (NYSE: AA) and Ford Motor Company(NYSE: F), which both paid out dividends in December. The financial and oil sectors also experienced a sell-off to finish 2016. Wells Fargo & Co (NYSE: WFC) and Citigroup Inc (NYSE: C) were net sold as each reached new year-to-date highs and investors unloaded ConocoPhillips (NYSE: COP) and Chevron Corporation (NYSE: CVX) as their prices normalized with the rise in the price of oil.

  • [By Ben Levisohn]

    Guggenheim’s Eric Wasserstrom and Jeff Cantwell offer four reasons they cut Wells Fargo (WFC) to Sell from Neutral:

    Photo: Justin Sullivan/Getty Images

    We are downgradingWells Fargo to SELL with a $47 target. Our downgrade reflects: 1) The current share price is now in excess of all of our valuation scenarios, including our 2017, 2018 and Bull Case EPS forecasts. 2) Our 2017E-18E EPS remain 5% below consensus, reflecting our outlook for higher legal and compliance costs as a result of the remediation of the company’s disclosed fraudulent retail account activity. 3) While the shares’ valuation remain modestly below its historical level relative to the peer group, we believe our outlook for earnings compression should truncate further revaluation. 4) We also believe that some of the stock’s recent multiple expansion reflects the view thatWells Fargo may face less legal risk from the Dept. of Justice in the incoming presidential administration; in contrast, we believe the DoJ will actively pursue post-financial crisis malfeasance like that disclosed at Wells Fargo.


    Shares of Wells Fargo have dropped 2.2% to $52.08 at 2:17 p.m. today, while the SPDR S&P Bank ETF (KBE) has risen 0.1% to $40.05, and the Financial Select Sector SPDR ETF (XLF) has fallen 0.7% to $22.06.

    Guggenheim also downgraded Bank of America (BAC) today.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) also is expected to report its most recently quarter results on Thursday. The consensus analyst estimates call for $0.97 in EPS and revenue of $22.3 billion. Shares of Wells Fargo closedat $54.84on Friday. The consensus price target is $59.07. The 52-week trading range is $43.55 to $59.99.

  • [By WWW.THESTREET.COM]

    Look no further than the 0.8% gain of Wells Fargo (WFC) on the day when it issues a release saying customer interactions with tellers year over year for the month of October were down 10% and new credit card applications “continued their downward trend with applications down 50% year over year,” in part because of reduced marketing spend but also because, again quoting WFC, “a full-month impact of customer reaction to the sales practices settlement.” (Wells Fargo is part of TheStreet’s Action Alerts PLUS portfolio.)

Top Canadian Stocks To Own Right Now: Safeway Inc.(SWY)


Advisors’ Opinion:

  • [By Peter Graham]

    A long term performance chart shows shares of SUPERVALU underperforming the underperformance ofmid caps Whole Foods Market, Inc (NASDAQ: WFM) and Safeway Inc (NYSE: SWY). while large capKroger Co (NYSE: KR)had outperformed up until the last two years when performance has been more mixed:

  • [By Peter Graham]

    A long term performance chart shows shares of small cap SUPERVALU now underperforming large cap Kroger Co (NYSE: KR) while shares of large cap Whole Foods Market, Inc (NASDAQ: WFM) and mid cap Safeway Inc (NYSE: SWY) appear to be back to where they started at:

Top Canadian Stocks To Own Right Now: Silver Wheaton Corp(SLW)

Advisors’ Opinion:

  • [By Rich Duprey]

    Silver Wheaton (NYSE:SLW), of course, is a streamer like Sandstorm and Franco, but it is the largest in the precious-metals industry, and arguably the best-known, because its business model came to define what streaming is. Although it is known primarily for its silver contracts, Silver Wheaton also has sizable gold production that makes it worth your attention.

Leave a Reply

Your email address will not be published. Required fields are marked *