ATS, Cenovus, Enerplus at 52-Week Highs on News

ATS Automation Tooling Systems Inc. (T.ATA) hit a new 52-week high of $51.99 on Wednesday. ATS reported its financial results for the three months ended December 26, 2021. Revenues increased 47.9% year over year to $546.8 million. Earnings from operations were $38.2 million (7.0% operating margin), compared to $32.3 million (8.7% operating margin) a year ago.

Cenovus Energy Inc. (T.CVE) hit a new 52-week high of $19.11 on Wednesday. Cenovus has many levers to pull in the coming year that could boost the stock. Analysts covering the stock rate it as a BUY with price targets around $20.00.

Enerplus Corporation (T.ERF) hit a new 52-week high of $15.20 on Wednesday. Enerplus is one of the largest independent E&Ps in Canada, although most of its operations are in the United States. The company has a fairly attractive mix between crude oil and natural gas production, which should position it well for the future The company's strong FCF has allowed it to begin rewarding its shareholders. The company appears to be using too much debt, which could present a very real risk to investors.

Freehold Royalties Ltd. (T.FRU) hit a new 52-week high of $13.34 on Wednesday. Freehold is likely to continue attracting investors this year. The $1.98 billion oil & gas royalty company was among the top-performing dividend-paying stocks in 2021. At $13.15 per share, the trailing one-year price return is 153.11%. Likewise, this royalty stock is a steady performer, given its 76.72% total return (20.86% CAGR) in the last three years.

InPlay Oil Corp. (T.IPO) hit a new 52-week high of $3.28 on Wednesday. InPlay announced that President and CEO Doug Bartole will present live at VirtualInvestorConferences.com on February 3.

NuVista Energy Ltd. (T.NVA) hit a new 52-week high of $9.24 on Wednesday. NuVista Energy announced a number of updates which demonstrate continued successful advancement of our Pipestone and Wapiti Montney play development. “We are very pleased to report that in the fourth quarter of 2021 NuVista achieved record production with the continued startup of new production from multi-well pads in Pipestone North and Elmworth, reaching a quarterly average of just over 60,000 Boe/d based on field estimates.

PetroShale Inc. (V.PSH) hit a new 52-week high of 82 cents on Wednesday. PetroShale has closed the Company's oversubscribed non–brokered and brokered private placements raising gross proceeds of $54.5 million.

Suncor Energy Inc. (T.SU) hit a new 52-week high of $37.82 on Wednesday. In Suncor’s most recent quarter, it delivered solid results. Adjusted funds from operations (AFFO), cash from operations, and net income were all up compared to the same period in 2020. Net income, in fact, swung from a loss to a profit. As long as the price of oil remains strong, then Suncor will keep putting out solid earnings, and its stock price will probably keep rising.

TELUS Corporation (T.T) hit a new 52-week high of $30.18 on Wednesday. Today, TELUS launched PureFibre X in Edmonton, a groundbreaking new tier of home Internet with symmetrical upload and download speeds of 2.5 Gbps. These speeds are the fastest in Canada among all major providers and mark a substantial leap in the next generation of Internet technology

Alphamin Resources Corp. (V.AFM) hit a new 52-week high of $1.11 on Wednesday. No news items today.

ARC Resources Ltd. (T.ARX) hit a new 52-week high of $15.24 on Wednesday. No news items today.

Baytex Energy Corp. (T.BTE) hit a new 52-week high of $4.99 on Wednesday. No news items today.

Celestica Inc. (T.CLS) hit a new 52-week high of $16.43 on Wednesday. No news items today.

Crescent Point Energy Corp. (T.CPG) hit a new 52-week high of $8.48 on Wednesday. No news items today.

Crew Energy Inc. (T.CR) hit a new 52-week high of $3.79 on Wednesday. No news items today.

Dollarama Inc. (T.DOL) hit a new 52-week high of $66.50 on Wednesday. No news items today.

DREAM Unlimited Corp. (T.DRM) hit a new 52-week high of $41.34 on Wednesday. No news items today.

Enterprise Group Inc. (T.E) hit a new 52-week high of 41 cents on Wednesday. No news items today.

Enbridge Inc. (T.ENB) hit a new 52-week high of $54.39 on Wednesday. No news items today.

Essential Energy Services Ltd. (T.ESN) hit a new 52-week high of 46 cents on Wednesday. No news items today.

Forza Petroleum Limited (T.FORZ) hit a new 52-week high of 28 cents on Wednesday. No news items today.

Great-West Lifeco Inc. (T.GWO) hit a new 52-week high of $40.15 on Wednesday. No news items today.

Gear Energy Ltd. (T.GXE) hit a new 52-week high of $1.48 on Wednesday. No news items today.

Hydro One Limited (T.H) hit a new 52-week high of $33.06 on Wednesday. No news items today.

Hardwoods Distribution Inc. (T.HDI) hit a new 52-week high of $48.23 on Wednesday. No news items today.

Hemisphere Energy Corporation (V.HME) hit a new 52-week high of $1.10 on Wednesday. No news items today.

Headwater Exploration Inc. (T.HWX) hit a new 52-week high of $7.26 on Wednesday. No news items today.

Imperial Oil Limited (T.IMO) hit a new 52-week high of $55.12 on Wednesday. No news items today.

Journey Energy Inc. (T.JOY) hit a new 52-week high of $4.19 on Wednesday. No news items today.

MEG Energy Corp. (T.MEG) hit a new 52-week high of $15.36 on Wednesday. No news items today.

Metro Inc. (T.MRU) hit a new 52-week high of $68.47 on Wednesday. No news items today.

Osisko Mining Inc. (T.OSK) hit a new 52-week high of $4.89 on Wednesday. No news items today.

Petrus Resources Ltd. (T.PRQ) hit a new 52-week high of $1.79 on Wednesday. No news items today.

PrairieSky Royalty (T.PSK) hit a new 52-week high of $16.97 on Wednesday. No news items today.

Parex Resources Inc. (T.PXT) hit a new 52-week high of $27.90 on Wednesday. No news items today.

Richelieu Hardware Ltd. (T.RCH) hit a new 52-week high of $50.19 on Wednesday. No news items today.

Rise Gold Corp. (C.RISE) hit a new 52-week high of $50.15 on Wednesday. No news items today.

Spartan Delta Corp. (T.SDE) hit a new 52-week high of 75 cents on Wednesday. No news items today.

Surge Energy Inc. (T.SGY) hit a new 52-week high of 6.56 on Wednesday. No news items today.

Sun Life Financial Inc. (T.SLF) hit a new 52-week high of $73.25 on Wednesday. No news items today.