Stock Pick: Canadian Natural Resources (CNQ) keeps growing as oil falters + MORE Feb 5th

Energy sector performance has been up and down over the last year, but one company that’s seen its stock price perform consistently well is Calgary’s Canadian Natural Resources (TSX: CNQ).
Over the last 12 months, shares of this oil and gas producer have climbed by 22% – the S&P/TSX Capped Energy Index, meanwhile, is up just 4.5% over the same time period.
Garey Aitken, a portfolio manager with Franklin Bissett Investment Management, thinks that the company will continue to do well in the year ahead. It’s a “very influential” name with a “best in class” management team, he says.
While other companies have fallen on tough times, CNQ has continued growing its free cash flow and its production, in part, through acquisitions. In June 2013 it purchased Barrick Energy Inc., which boosted the company’s light oil reserves.
He points to the company’s history of dividend growth as another reason to buy. It’s upped its payout for 13 consecutive years and while the current 2…

If you have just opened a trading account with a new discount broker or you have accounts in different places and want to consolidate, you’ll need to transfer your holdings between brokers. In this post, I have put together a detailed checklist on what you have to do to make this process as painless as possible.
Pre-Transfer Steps

Transferring accounts between institutions costs money. The transferring institution will charge you a transfer out fee of about $150. If you have his-and-hers RRSPs, his-and-hers TFSAs and a joint investment account, you are looking at a total of $750 in fees. Therefore, the very first thing you should do is call the receiving institution and ask them to cover the cost of transfer. Note down the details of the call: the date and time, who you spoke with and the accounts for which the refund will apply.
Scrub your holdings in the transferring brokerage. You should be able to transfer out stocks, exchange-traded funds, most mutual funds, bonds and most GICs…

This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.

This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.

Canadian National Railway, TMX, Goldcorp, Osisko and Intact Financial are a few of the stocks we’re watching Wednesday.