There is no shortage of great options to consider adding to your portfolio. Sometimes there is a chance to buy those great investment options with a huge discount. An example of this is to take a look at some of the worst performing shares in the TSX of the past month.
Let’s see if those worst performing shares in the TSX are still good options to consider buying (now with a discount).
Option #1: Tourmaline Oil
Tourmaline oil (TSX: Tou) is a name that most investors must be known, at least in a certain part. From the moment of writing, the stock price of Tourmaline fell almost 9%in July, making it one of the worst performing shares in the TSX.
Tourmaline is the largest natural gas producer in Canada. The company has several operational sites, with a focus on the Western Canadian sedimentary basin.
The activities of Tourermaline are focused in and around the deep basin of Alberta. That site alone houses 23 gas factories and jointly produces no less than 2.5 BCF/day (billion cubic foot) natural gas.
The possibilities for Tourmaline are huge in the longer term. LNG is increasingly being increased as an export item. Natural gas is also seen as an alternative to dirty fossil fuels such as coal.
Turning to income, Tourmaline really shines. Although this was one of the worst performing shares on the TSX in July, Tourmaline has a healthy quarterly dividend.
From the moment of writing, the share offers a tasty yield of 3.45%, with an established history of providing annual or better increase. Moreover, it is known that the share offers special dividends to shareholders, which increases potential income even further.
In short, even though it is one of the worst performing shares in the TSX in the past month, Tourmaline still has a huge long -term potential. The company is profitable, has solid basic principles and has a long -term growth.
Investors must be fed as an opportunity by weak raw materials prices in a share price.
Option #2: Deck -Sources
Another of the worst performing shares in the TSX in July was Deck -Sources (TSX: Deck.b). In July the share fell nearly 20%, a performance that should put the share everywhere on the radar of investors.
For those who are not familiar with the shares, Tech is a diversified miner. More specifically, Deck has a focus on copper and zinc extraction. The company maintains these activities in a diverse portfolio with activities in North and South America.
Copper is an important metal that sees a greater demand. The metal is used in a wide range of applications, from sanitary and electrical wiring to batteries and electric vehicles.
Deck focuses its growth efforts on expanding his copper mining activities. The company is planning to reach full guidelines up to 565,000 tons.
In terms of income, Teck investors offers a well -covered three -month dividend. From the moment of wiring, the proceeds will result in a respectable 1.11%.
In short, Deck is a strategic metal game that will benefit from the rising demand for copper and zinc. Investors considering the share must see his admission as one of the worst performing shares in the TSX last month as a purchase option.
Do you buy the worst performing shares in the TSX?
No stock is without risk. This is especially the case with evaluating the two shares above, those who were some of the worst performing shares in the TSX last month.
Fortunately, both deck and tourmaline offer strong foundations, intriguing growth potential and a juicy income.
In my opinion, a small position in one or both shares should be part of a larger, well -diversified portfolio.
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