Stocks

Canada’s Oil Discount: Opportunity and Risk

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The following post is written by Roger Conrad. If you’d like to guest post on the Dividend Ninja, be sure to check out our Guest Posting Guidelines. Sometime early in the next decade the US will overtake Saudi Arabia as the world’s most prolific producer of oil. That’s according to the US Energy Information Administration. The key is new technology that’s unlocked vast reservoirs of oil and natural gas heretofore trapped under shale. And it’s spurred a production boom in Canada as well from previously untapped areas such as the Cardium Formation, the Duvernay Shale and the Montney Shale. The …

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Westjet Profits Flying High

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Written by Rob, The Dividend Apprentice. Westjet Airlines Ltd (WJA) released their Q3 profit results yesterday, announcing a whopping year over year increase of nearly 80%. Their EPS came in at 52 cents, up from 28 cents the year before and far exceeding expert predictions of 42 cents per share. One of Canada’s 4 biggest airlines, Westjet employs more that 8800 workers across North America, Central America and the Caribbean. Founded in 1996, they quickly gained a reputation for a friendly, laid back atmosphere offering increased leg room, leather seats and seatback television entertainment. A great customer experience and cheaper …

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TransCanada Corp and Phoenix Energy Propose New Pipeline

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TransCanada Corp (TRP) and Phoenix Energy Holdings Ltd. have announced a proposal to build a C$3 Billion pipeline project in northern Alberta. Named the Grand Rapids Pipeline, it will carry crude oil and diluent (a kind of thinner to help the crude flow freely through the pipelines) from the Athabasca oil sands northwest of Fort McMurray 500 km south to the Edmonton-Hartland area. The pipeline will help fill the increasing need for oil transportation infrastructure surrounding the even growing oil sands regions of northern Alberta. The routing of the Grand Rapids Pipeline has yet to be finalized, with specific concerns …

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Why You Should Not Buy the Facebook IPO

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The Facebook Fizzle On Friday morning I brewed myself a nice strong cup of coffee and happened to catch the debut of Facebook (FB). This was the much-anticipated IPO (Initial Public Offering) of a prize racehorse about to belt off the starting line. I felt that I was watching a part of history for the largest IPO in history, and BNN proudly had a real-time quote taking up the whole screen ready to go! The opening, however, was marred by a lengthy half-hour delay. Once Facebook shares started to trade from the IPO price of $38, FB shares went as …

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