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Conoco gets top dollar for oil sands stake
awillis@globeandmail.com China's biggest refiner sees something in the oil sands that the rest of us are missing, as the company paid a massive premium yesterday for a thin 9-per-cent stake in Syncrude Canada.
Energy stocks soared, but profitability slipped
rcarrick@globeandmail.com WHAT WE'RE LOOKING FOR Exchange-traded funds are a convenient, popular and effective way to invest, but one thing you have to be aware of is that you're buying into stock indexes made up of both good and bad stocks. This week, we're prying open some notable ETFs to see what's inside. Our analysis tool is a measure of a company's ability to generate wealth for shareholders called EVA, or economic value added. Here, we look at the wealth-creation power of the stocks in the iShares CDN Energy Sector Index Fund (XEG-T).
Flight Oil is now boarding
Riding oil prices higher requires some smart shopping for the right vehicle.Let's test drive three choices for the investor who wants decent power, but also a degree of comfort and convenience. On the sensible side, we have energy-focused mutual funds. For those who like a touch more horsepower, we have oil stocks and exchange-traded funds that track changes in oil prices, or indexes of energy stocks.
Value investing rewards top-performing funds
WHAT ARE WE LOOKING FOR?Canadian stock funds that have escaped relatively unscathed in the recent market downdraft.By Wednesday, the SandP/TSX composite index had tumbled 11 per cent from a peak of 15,073 points on June 18.
Do-it-yourself ETF may not be worth your time
Is the war against money management fees going too far? Investors - the more enlightened ones anyway - have battled high fees for years, forcing the industry to parry with low-cost index mutual funds and exchange-traded funds as well.
Hedge funds square off with Nexen
Hedge fund managers are stepping up their campaign to break up or sell energy giant Nexen Inc., a showdown that promises to be the first of many between underperforming companies and activist shareholders who need to put their cash to work.
Investors vent their ire over Javasky's giant Ivy fund
Last week, a column on the giant-sized but chronically underperforming Mackenzie Ivy Canadian Fund invited readers to answer a question. Should lead manager Jerry Javasky be described as heroic for resolutely following an investing strategy that has worked for him in the past, or as a loser who has kept his fund on the sidelines during a five-year bull market?
Investors vent their ire over Javasky's giant Ivy fund
The mutual fund industry's worst nightmare has taken shape in my e-mail in-basket.Last week, a column on the giant-sized but chronically underperforming Mackenzie Ivy Canadian Fund invited readers to answer a question. Should lead manager Jerry Javasky be described as heroic for resolutely following an investing strategy that has worked for him in the past, or as a loser who has kept his fund on the sidelines during a five-year bull market?
How to hitch a ride on the commodity express
There's good money to be made by investing in commodities - we all get that.But what's the best way for individuals to get their fair share of the kind of big rises we've seen in oil, gold and base metal prices? Stocks are one option, but there are hundreds of mutual funds and exchange-traded funds as well. Some of these funds hold the shares of commodity-producing companies, while others offer direct exposure to commodities such as gold and oil.
Risk is everywhere: Know where you stand
The common wisdom on investing risk is that things go down as well as up, but in the long run you win.If you're happy with that level of understanding about the hazards of being in the stock market, that's fine. But if you've watched the market gyrations of the past week and want to know more about the potential danger spots in your portfolio, then read on because this edition of the Portfolio Strategy column is all about risk.