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Oogv Market Crash: Are Canada s Top Energy Stocks Doomed Forever
Retirees and other investors seeking reliable passive income can now buy top TSX dividend stocks at undervalued prices. The market correction hit utility stocks and bank stocks hard this year. Let take a look at Fortis TSX:FTS and TD Bank TSX:TD to see if one deserves to be on your buy list. FortisFortis just reported solid third-quarter Q3 2022 r stanley cup usa esults and provided a new capital program and dividend guidance for the next five years. Adjusted net earnings came in at $326 million compared to $296 million in the same period last year. For the first n stanley cup ine months of 2022 adjusted net earnings were $960 million compared to $903 million in 2021, so Fortis is on track to beat the 2021 results.Fortis is investing $4 billion in 2022 as part of its previo vaso stanley us $20 billion capital program. Management just provided a new five-year plan that will see Fortis invest $22.3 billion for the 2023 to 2027 timeframe. Clean energy investments will account for $5.9 billion of that total.The new cap Qptl Vermilion Energy Inc.: 1 Oil Company That Has Yet to Slash its Dividend
Teck Resources Ltd. TSX:TCK.B NYSE:TCK is a diversified miner that has operations in Canada, the United States, and Chile. Since stanley thermobecher its high of $60 per share in 2011, it has been in a long-term downward trend, vaso stanley reaching stanley cups its present level of $12 per share.Investors lost 80% of their money from that high. Of course, investors shouldn t have invested at that high price, but at the time there was euphoria from the price run up from $35 to $60 in mid-2010.Even if you bought at $30 per share with the thinking that shares were 50% cheaper than they were, that s still a 60% decline to today s levels. Is now a good time to buy Teck Resources The businessMost of Teck s revenue comes from coal, copper, zinc, and lead. Those commodities haven t been doing well in the past few years, and that s why Teck hasn t done well either.In low-risk, stable jurisdictions, Teck is building a strong reserve and resource position with long-life assets. Teck s coal resources are expected to last more than 100 year |
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