Chevron Sells Canadian Assets For $6.5 Billion

U.S. oil major Chevron (CVX) has sold some of its Alberta oil sands assets to Canadian Natural Resources (CNQ) for $6.5 billion. The sale concerns Chevron’s 20% interest in the Athabasca Oil Sands Project and a 70% holding in the Duvernay shale project, both located in Alberta. The all-cash sale is expected to close by year’s end, according to Chevron. The asset sale comes as Chevron focuses its growth on the Permian basin in Texas and the Tengiz oil field in Kazakhstan, where a $48.5 billion U.S. expansion is almost completed. Chevron is also in the process of buying Hess Corp. (HES) for $…

Fortis Raises Its Dividend and Forecasts Many More to Come

One of the best dividend stocks you can own on the TSX is that of utility giant Fortis (TSX:FTS)(NYSE:FTS). The company’s resilient and consistent operations make it a great option for income investors who seek reliable dividend payments. It’s a fairly low-risk stock to own, especially if you’re after a high payout. Fortis’ dividend yields 4.1%, which is better than what you’ll get with most other stocks, and it’s far higher than the 1.3% yield that the S&P 500 averages. But what makes the stock even more special are its prospects for future dividend…