-
Peyto Exploration & Development Corp. (PEY)
-
MEG Energy Corp. (MEG)
-
Tamarack Valley Energy Ltd. (TVE)
Q: Peter, it is my understanding that all three of these companies now have very low debt. They also have a very low p.e. They also have a very long reserve life. Is it true that renewable energy is many years away from being a viable solution for energy for the world? The share price for renewables has certainly shown that. ie. RNW Algonquin.
Is this huge drop in these energy companies due to the no more piplelines and no case for LGN, the Trudeau effect. Are these three companies still overpriced?? What would be a good entry point?? Is not a 9.5% div on Peyto the same as a 12% GIC after tax is calculated?? I would like your opinion on these questions Thanks Ken
-
Crescent Point Energy Corp. (CPG)
-
ARC Resources Ltd. (ARX)
-
Vermilion Energy Inc. (VET)
-
MEG Energy Corp. (MEG)
-
Parex Resources Inc. (PXT)
-
Whitecap Resources Inc. (WCP)
-
Athabasca Oil Corporation (ATH)
-
Baytex Energy Corp. (BTE)
-
Birchcliff Energy Ltd. (BIR)
-
Enerplus Corporation (ERF)
-
Freehold Royalties Ltd. (FRU)
-
Tamarack Valley Energy Ltd. (TVE)
-
Trican Well Service Ltd. (TCW)
-
Journey Energy Inc. (JOY)
Q: JOY
FRU
ATH
BIR
PXT
TCW
WCP
TVE
ARX
CPG
VET
ERF
MEG
BTE
Which three of the above fourteen oil & gas stocks would you sell first to bring my sector allocation back to my normal weight? This is assuming 100 WTI oil in 2023. Could you also provide a brief reason for each of the three stocks that you would get rid of first. Thanks.
Q: As tourmaline has run up quite a bit I am hesitant to buy at this price, Considering MEG as an alternative buy.
Would you consider MEG as a good buy or stick with TOU?
Thank you