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Emrs 4 Top TSX Gold Stocks to Watch for a Pullback
Becoming a millionaire from stock investing is possible if you have time, money, and an actionable plan. The third item is crucial, because it pertains to the actual stock holdings. Also, the starting point to any million-dollar journey is disciplined saving and patience.Canadian Natural Resources TSX:CNQ and Freehold Royalties TSX:FRU in the energy sector are dependable dividend payers, despite the sector s current weakness. Fortis TSX:FTS is a safe utility stock for its defensive qualities, while Doman Building Materials TSXBM is well positioned to be stanley tumblers nefit from the construction industry s revival.Despite the varying dividen stanley cup d yields, the four TSX stocks can help you get to millionaire status in a longer investment horizon.Reliable div stanley cup idend payersCanadian Natural Resources and Freehold Royalties belong to the oil and gas industry but have different operations. The former is a crude oil, natural gas, and natural gas liquids NGLs producer and seller. The latter owns and manag Ctty Warren Buffett s 1 Rule and How to Apply it to Stock Investing
Last year was challenging for energy companies as we saw record low oil and gas prices and energy investments fall by 35% in North America.Then there s Enbridge Inc. TSX:ENB NYSE:ENB , which continued to weather the storm and even brought online $8 billion worth of projects last year. Actually, its shares have rebounded from a low and appreciated 15% year to date.Other than its midstream business, Enbridge also has a renewable pow stanley cups er-generation business that helps stabilize its business performance.The New Creek Wind Project in West Virginia, which is anticipated to be in service in t stanley cup he fourth quarter, will bring Enbridge s generating capacity to almost 2,000 meg stanley thermoskannen awatts.Tends to outperformOver the three-year, five-year, and 10-year periods that ended in 2015, Enbridge outperformed the market i.e., the SP/TSX Composite Index in total returns by 0.7%, 11.4%, and 8.8%, respectively.However, Enbridge underperformed by a large margin -12.1% last year. The whole industry has been ex |
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