Home / Investment / Making sense of the markets this week: October 13, 2024 + MORE Oct 11th

Making sense of the markets this week: October 13, 2024 + MORE Oct 11th

TSX getting you down? There are always sound investment alternatives.
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Morning Bid: Nvidia vigil sees risk overcome safety - Reuters Nov 20th

Morning Bid: Nvidia vigil sees risk overcome safety  ReutersNvidia Stock Earnings Preview: What To Know Before The Report  ForbesDow Jones Futures Rise Ahead Of Nvidia Earnings, Jensen Huang; Target Plunges On Earnings  Investor's Business DailyStocks Rise With Focus on.... More »

How young investors can respond to stock market volatility Mar 25th

Wild swings in the stock market can be difficult to stomach for many investors, let alone young Canadians who are just starting their investing journey.  But even as the trade war between Canada and the U.S. brings a heaping spoonful of additional volatility, experts say in the grand scheme of t.... More »
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How often should you check in on your finances? + MORE Jan 3rd

New year, new financial goals. That’s how many of us begin each January, only to see progress falter as the weeks go on. One way to combat that problem is to create regular check-ins for yourself to stay on track. The Canadian Press spoke to experts to help build out a list of financial tasks .... More »
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Top 5 questions about family RESPs + MORE May 13th

If you’re saving up for a child’s post-secondary education, a registered education savings plan (RESP) can’t be beat as a savings tool. No other plan or account in Canada will give you access to thousands of dollars in government grants—free money for your kid’s future tuition and other ed.... More »

What happens when your landlord misses mortgage payments? Jun 11th

You held up your end of the bargain and paid your rent on time—only to learn your landlord failed to keep up with mortgage payments and the home may need to be sold. Panic sets in, as you don’t know if you can continue to call this place your home. Experts say there are a number of ways thi.... More »
Elon Musk unveils self-driving ‘Cybercab,’ Tesla stock drops 6% afterwards  Global News TorontoTesla shares drop 8% after Cybercab robotaxi reveal ‘underwhelmed’ investors  CNBCTesla’s Beer-Serving Optimus Robot Was Controlled By A Human The Whole Time  JalopnikElon Musk unveils Tesla Cybercab self-driving robotaxi  The GuardianLot of sci-fi smoke and mirrors: Investors, experts react to Tesla’s robotaxi unveil  Reuters

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Making sense of the markets this week: October 13, 2024Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C.

Canadian Natural Resources doubles down on Canada

For a decade now, big acquisitions by Canadian oil-and-gas producers have mostly been met with distaste by investors. So we’ll take it as a heartening sign how well the markets received Canadian Natural Resources’ (CNQ/TSX) decision to buy the Alberta upstream assets of Chevron Corp. (CVX/NYSE) for USD$6.5 billion in cash. CNQ stock rose 3.7% Monday in the wake of the announcement. Chevron was up 0.7% on a day when oil prices increased.

The assets in question comprise a 20% stake in the Athabasca Oil Sands Project, along with 70% of the Kaybob Duvernay shale play. That should add 122,500 barrels of oil equivalent per day to Canadian Natural Resource’s 2025 output, the company said. It also announced a 7% bump to its quarterly dividend, to 56.25 Canadian cents a share, beginning in January.

Chevron explained the asset sale in terms of freeing up cash for U…

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