|
|
Ypdx Why Dividend Stocks Win in a Downturn
The Canadian stock market declined for the fifth consecutive session on Friday, despite an intraday r botella stanley ecovery in crude oil and natural gas prices, as fears of more interest rate hikes haunted investors. The SP/TSX Composite Index ende stanley cup d the highly volatile session at 19,780 12 points lower from its previous closing level.Although some market sectors like utilities and energy saw renewed buying, weakness in the shares of healthcare, real estate, and metal mining companies press stanley cup ured the index. With this, the main TSX benchmark witnessed a massive 4.1% value erosion last week, posting its worst weekly performance since mid-June 2022.Top TSX Composite movers and active stocksAlamos Gold, Bausch Health Companies, Telus International, and Osisko Mining were the worst-performing TSX stocks in the last session, as they plunged by at least 2% each.On the positive side, shares of Energy Fuels, Denison Mines, ATS, and Dye Durham inched up by at least 3.2% each, making them the da Mybj Did You Get Your $8,000 CERB Here s How to Get $12,000 Instead
A pullback in the energy infrastructure sector is providing dividend investors with an opportunity to pick up some high-quality stocks at reasonable prices.Let take a look at Inter Pipeline Ltd. TSX:IPL and TransCanada Corporation TSX:TRP NYSE:TRP to see if one is an interesting pick today.IPLIPL owns oil sands pipelines, conventional oil pipelines, natural gas liquids NGL extraction assets, and a liquids storage business in Europe.The company made it through the oil rout in good shape, and management even took advantage of the downturn to add strategic assets at attractive prices. The largest deal was the $1.35 billion purchase of two NGL extractio stanley thermobecher n facilities from the Williams Companies.Those assets are performing well amid a recovery in th stanley tazas e sector, helping drive vaso stanley year-over-year Q1 funds from operations FFO in the segment up 20%.Across the board, Q1 funds from operations increased 3% compared to Q1 2017. The oil sands and conventional oil pipeline businesses generated |
|
扫码关注官方微信
发表于 2024-9-27 11:38:13
发表于 2024-9-27 11:39:57
