Latest news with #SAGD
CTV News
08-05-2025
- General
- CTV News
Cenovus Energy reports $859M Q1 profit, raises quarterly dividend
The Cenovus Christina Lake oilsands facility steam-assisted gravity drainage (SAGD) pad southeast of Fort McMurray, Alta., on Wednesday, April 24, 2024. THE CANADIAN PRESS/Amber Bracken
Yahoo
24-04-2025
- Business
- Yahoo
How I'd Allocate $10,000 in Passive-Income Stocks in Today's Market
Written by Christopher Liew, CFA at The Motley Fool Canada This year, U.S. tariffs and reciprocal tariffs by its trading partners, including Canada, are the storm clouds in global stock markets. The heightened volatility will persist until the trade disputes end. Fortunately for Canadians, there are safer investment options amid a tariff regime. Passive-income stocks like Extendicare (TSX:EXE) and Cardinal Energy (TSX:CJ) can transform $10,000 into recurring cash flow streams. The former continues to beat the market, while the latter has increased its long-term sustainability. More importantly, the payout frequency of both dividend stocks is monthly. I'd allocate $5,000 in each in today's market. Company Recent Price No. of Shares Dividend/Share* Total Payout* Frequency** Extendicare $13.24 377 $0.50 $188.50 Monthly Cardinal Energy $6.11 819 $0.72 $589.68 Monthly *Dividend per share and total payout are annual; **The combined total payout is $778.18 or $64.85 monthly. Extendicare provides care and services for seniors across Canada and operates a network of long-term-care (LTC) homes. At $13.24 per share, current investors enjoy a +25.87% year-to-date gain compared to the broad market's -2.16%. The dividend yield is a decent 3.81%. The $1.11 billion LTC provider finished strong in 2024. In the fourth quarter (Q4) of 2024, revenue and net operating income (NOI) rose 11.8% and 27.1% to $391.6 million and $47.5 million versus Q4 2023. The occupancy rate reached 98%. For the year, net earnings ballooned 121.2% to $75.2 million from a year ago. Management is happy with the financial results, although the impact of tariffs on construction costs could affect future projects. Nonetheless, its chief executive officer (CEO), Michael Guerriere, said, 'We are not looking to add new business lines. We see significant opportunities in home care and long-term care across Canada.' Regarding dividends, Extendicare announced a 5% hike due to the improved performance and growth in all business segments. According to Guerriere, the dividend payout ratio dropped below 50%. 'We aim to leverage our existing systems and cloud-based solutions to expand geographically and increase volume within our current strategy,' he added. Cardinal Energy has advanced +21.96% in the week of April 14 to 17, 2025, trimming its year-to-date loss to -3.06%. At $6.11 per share, you can partake in the lucrative 11.78% dividend. This small-cap stock is a TSX30 winner (ranked 29th) in 2024, the flagship program for Canada's 30 top-performing stocks. The $972.44 million oil and natural gas company boasts the lowest decline conventional asset base in Western Canada. In the 12 months ending December 31, 2024, total revenue (petroleum and natural gas) and earnings increased 3% and 5% to $605.3 million and $108.3 million compared to 2023. Cardinal Energy is forward-following, as evidenced by the acquisition of several potential thermal Steam-Assisted Gravity Drainage (SAGD) properties. The properties have the potential to materially increase its low-decline production base and free cash flow (FCF). Besides thermal assets, the company has yet to develop multiple years of conventional inventory. Total investments in the Reford, Saskatchewan SAGD project reached $74.3 million in 2024, including shop facility construction, site preparation, and water disposal wells. Cardinal Energy's first thermal SAGD oil development project has a project life of 20 years and will further increase its long-term sustainability. The market environment could improve once the tariff scenario changes for the better. Meanwhile, it would help to own shares of Extendicare and Cardinal Energy for uninterrupted monthly passive income. The post How I'd Allocate $10,000 in Passive-Income Stocks in Today's Market appeared first on The Motley Fool Canada. Before you buy stock in Cardinal Energy Ltd., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Cardinal Energy Ltd. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
