Q: Hello 5i,
Could I get your future outlook on PXT given the recent election of a leftest government in Columbia. Market is very negative on the stock today (-10% as of writing).
Given that approx. 30% of Columbia's government revenues come from the taxation of Oil, I find it hard to believe that the new government would do anything to endanger it's revenue stream when it will be sorely need to pay for election promises made. I think the market is overreacting on this one.
Your thoughts would be appreciated.
Thank you.
Q: Looks like the election in Columbia send PXT for a nosedive. Peter, do you think the 10% pullback represents a buying opportunity for this stock? Also, do you see the general pullback in energy shares as a buying opportunity?
Thanks for your great service.
David
Q: Which Canadian energy companies have the most sustainable dividends with the best prospects for dividend increases? Might they hold up in a slow growth stagflationary world?
Read Answer Asked by James on June 15, 2022