Create your own Canadian energy index fund | Value Investing News

Create your own Canadian energy index fund

  • The following is a list of all TSX-traded companies in the energy production sector that have a market capitalization of greater than CAD$1 billion.
  • Effectively, this leaves 12 majority-Canadian producers to invest in.
  • CVE generated about $1.1 billion in free cash for the first half of the year (93 cents a share) which in relation to its $11.28 stock price, is a 6.1x multiple – they slashed their dividend earlier and have been using the money to pay down debt, which sits at around $7.1 billion and management has not made it a secret that they want it to get to around $5 billion.
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