CRC

Dividend Increases/Decreases for the Week of June 2

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Below we provide a list of firms that raised their dividends during the week ending June 2. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          Bruker (BRKR): now $0.06 per share quarterly dividend, was $0.05. Clearway Energy (CWEN): now $0.3818 per share quarterly dividend, was $0.3745. Golar LNG (GLNG): now $0.25 per share quarterly dividend, was $0.15. Infosys Limited (INFY): now $0.213349 per share semi-annual dividend, was $0.2005. Laurentian Bank of Canada (LB:CA): now CAD 0.47 per share quarterly dividend, was CAD 0.46. National Bank of Canada (NA:CA): now … Read more

2022 Oil & Gas Market Update: “The Outlook for Crude Oil Prices Remains Quite Bullish”

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Transcript Hello, this is Callum Turcan, Associate Director of Research at Valuentum Securities. WTI and Brent have pulled back moderately from recent highs, though near-term futures remain just above $100 per barrel which is well above levels seen last year. As of early July, both WTI and Brent are in backwardation, meaning spot prices are trading at a higher price than later dated future contracts. In other words, the trajectory of future crude oil prices is expected to have a downward slope. Please note that backwardation does not mean that things are going to rapidly deteriorate for the global energy complex, as this dynamic is due to global oil inventories steadily declining over the past two years or so. Backwardation … Read more

Valuentum’s Theses on Best Ideas Chevron and Exxon Mobil Playing Out

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By Callum Turcan Raw energy resources pricing has surged higher during the past year with room to run. The global energy complex is on the rebound as demand for crude oil and refined petroleum products is steadily recovering from the worst of the coronavirus (‘COVID-19’) pandemic. As demand for electricity and heating needs held up well during the pandemic, liquified natural gas prices (‘LNG’) put up a strong year in 2021 and remain elevated. The OPEC+ cartel is committed to slowly phasing out its crude oil supply curtailment agreement first enacted in 2020, effectively limiting growth in global oil supplies at a time when demand is rebounding at a brisk pace. We view the near-term outlook for the global energy … Read more

Saudi Arabia Attacked, Oil Prices Shoot Higher

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Image Shown: Saudi Arabia’s oil infrastructure was attacked over the weekend, causing WTI and Brent to rally at the start of the trading session. By Callum Turcan Disaster struck this weekend when several drones took out the Abqaiq oil processing facility and the massive onshore Khurais oil field in Saudi Arabia (KSA) on Saturday, with WTI and Brent both surging on the news once trading resumed at the start of the week. The Khurais oil field produces around 1.5 million barrels of crude per day and the Abqaiq oil processing facility is the largest in the world. Saudi Arabia’s oil production capacity was reduced by 5.7 million barrels of crude per day due to these attacks and the country is … Read more

Dividend Increases/Decreases for the Week December 3

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Below we provide a list of firms that raised their dividends during the week ending December 3. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Absecon Bancorp (ASCN): now $2.10 per share annual dividend, was $2.00. AES (AES): now $0.158 per share quarterly dividend, was $0.150. Amgen (AMGN): now $1.94 per share quarterly dividend, was $1.76. Axis Capital Holdings (AXS): now $0.43 per share quarterly dividend, was $0.42. Bank of Montreal (BMO): now CAD 1.33 per share quarterly dividend, was CAD 1.06. Bank of Nova Scotia (BNS): now CAD 1.00 per … Read more

Dividend Increases/Decreases for the Week of May 27

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Below we provide a list of firms that raised/lowered their dividends during the week ending May 27. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header.  Firms Raising Their Dividends This Week      Ashland (ASH): now $0.335 per share quarterly dividend, was $0.300. Bank of Montreal (BMO): now CAD 1.39 per share quarterly dividend, was CAD 1.33. Bank of Nova Scotia (BNS): now CAD 1.03 per share quarterly dividend, was CAD 1.00. California Resources Corporation (CRC): now $0.17 per share quarterly dividend, was $0.16. Canadian Imperial Bank (CM): now CAD 0.83 per share quarterly dividend, was CAD 0.81 (post-split … Read more

Dividend Increases/Decreases for the Week of November 4

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Below we provide a list of firms that raised their dividends during the week ending November 4. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                Air Lease (AL): now $0.20 per share quarterly dividend, was $0.18. Amcor (AMCR): now $0.1225 per share quarterly dividend, was $0.1200. American Financial (AFG): now $2.00 per share special dividend, was $0.63. AmerisourceBergen (ABC): now $0.485 per share quarterly dividend, was $0.460. Arbor Realty Trust (ABR): now $0.40 per share quarterly dividend, was $0.39. ARC Resources (ARX:CA): now CAD 0.15 per share quarterly dividend, was … Read more

Dividend Increases/Decreases for the Week of November 3

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Below we provide a list of firms that raised their dividends during the week ending November 3. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          AllianceBernstein (AB): now $0.65 per share quarterly dividend, was $0.61. Amcor (AMCR): now $0.1250 per share quarterly dividend, was $0.1225. American Financial (AFG): now $1.50 per share special dividend, was $0.71. Banco Santander (SAN): now $0.085 per share semi-annual dividend, was $0.063. Black Diamond Group Limited (BDI:CA): now CAD 0.03 per share quarterly dividend, was CAD 0.02. Brixmor Property (BRX): now $0.2725 per share … Read more

Dividend Increases/Decreases for the Week of May 9

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Below we provide a list of firms that raised their dividends during the week ending May 9. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          Annaly Capital Management, Inc. PFD SER G (NLY.PR.G): now $0.5518 per share quarterly dividend, was $0.5476. Annaly Capital Management, Inc. PFD STK I 6.75% (NLY.PR.I): now $0.6034 per share quarterly dividend, was $0.5987. Artesian Resources Corporation (ARTNB): now $0.3074 per share quarterly dividend, was $0.3014. Ashland (ASH): now $0.415 per share quarterly dividend, was $0.405. Azelis Group NV (AZLGF): now EUR 0.23 per share … Read more