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Bkna 3 Safe Canadian Stocks With Above 5% Dividend Yields
Regardless of what we think about Canada s oil and gas industry, Cenovus Inc. TSX:CVE has been a steady source of capital gains and dividend income for investors. 聽This performance was mostly driven by rapidly rising oil and gas prices. But it was also driven by Cenovus solid operational and financial discipline. Is Cenovus stock still a buy after its first quarter 2023 earnings release Cenovus earnings hit by lower oil and gas pricesIn the world of commodity prices, what goes up usually eventually comes down. This happens because of the forces of supply and d stanley cup emand, which work to correc stanley termohrnek t the pricing mechanism. In the last year, this is exactly what has happened to oil and gas prices. Oil prices, for example, have fallen almost 30% since April 2022. Similarly, natural gas prices have fallen almost 70%.As for Cenovus ; stock price, it has also understandably been volatile. But $1 stanley cup 20 oil was never sustainable. So, we should view oil prices in early 2022 as an anomaly. Therefore, Tacg Husky Energy Inc. Has Something Others Really Want
Last week, there was a big OPEC meeting in Vienna where some of the largest oil producers in the world had agreed to increas vaso stanley e production by one million barrels of per day. The move is a big adjustment in strategy from what stanley website the organization had agreed to for over the past year, which is to keep production low to ensure that oil prices rise.The agreement has worked well, as oil prices recently reached four-year highs, and as a result the organization may feel justified in making these changes.Cuts have been deeper than expectedAlthough it seems like OPEC may be doing a reversal in strategy, itstanley mug 8217 simply trying to adjust for factors that have kept output levels even lower than expected. Venezuela, for instance, has had output problems related to economic issues that have plagued the country, and other nations have also pumped out less oil than what was originally planned.OPEC said that in May, compliance with the planned cuts was 158%, well in excess of what was expected, and that th |
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发表于 2024-10-3 00:34:46