U.S.
Featured Earnings Agilent Technologies Inc. (NYSE:A) (Q1) EPS projected at 89 cents, compared to 81 cents in the prior-year quarter. Occidental Petroleum Corporation (NYSE:OXY) (Q4) EPS projected for loss of 53 cents, compared to a loss of 30 cents in the prior-year quarter. Advance Auto Parts Inc (NYSE:AAP) (Q4) EPS projected at $1.93, compared to $1.64 in the prior-year quarter. TransUnion (NYSE: TRU) (Q4) EPS projected at 72 cents, compared to 66 cents in the prior-year quarter.
Canada
CREA Stats (Jan.) National home sales rose 7.2% on a month-over-month basis in December.
Monthly Survey of Manufacturing (Dec.) Manufacturing sales decreased for the first time in three months, declining 0.6% to $53.7 billion in November.
Struck out on finding the perfect job? You might not have your eyes set on the right place. Now you’re in luck, Canada’s Top 100 Employers for Young People has released its 2021 list.
This past year has undoubtedly been difficult, especially for young graduates who were more than eager to kickstart their careers. Though hardships faced by the pandemic are understandable, Canadian employers are making more of an effort to help students and graduates at this time.
“Connecting and having opportunities to engage socially has always been an important part of the onboarding process, and never more so than right now,” said Kristina Leung, Senior Editor of Canada’s Top 100 Employers project.
term value
Capital Power is proceeding with its plans to repower Genesee units 1 and 2 located in Alberta. A summary of the project:
Expected capital cost of $997 million with project returns expected to exceed the Company’s hurdle rates and contributing approximately $0.70 in annual adjusted funds from operation (AFFO) per share on average in the first five full years,
Provides additional 560 megawatts of net capacity totalling 1,360 MW,
Simple cycle units will be completed first, allowing the units to run in simple cycle mode before the expected completion of the repowering of unit 1 in 2023 and unit 2 in 2024, avoiding any downtime,
Utilizing best-in-class natural gas combined cycle technology from Mitsubishi,
Image source: Getty Images
Utility companies are known for their defensive business that continues to chug along nicely irrespective of economic cycles. While utility companies are a go-to avenue when the market starts to tick downward, they are also famous for their robust dividends payments.
The rate-regulated assets, contractual arrangements, and creditworthy counterparties help utility companies generate predictable and growing cash flows that support dividend payments. Meanwhile, continued investment to drive rate base growth suggests that these companies could continue to boost investors’ returns through higher dividends in the future.
Capital Power Corporation
With its young fleet of long-life assets and 6,500 megawatts power generation capacity,