Q: If you were to buy 8 energy stocks right now be they Canadian, U.S. or foreign, please place them in order of preference and why those companies ? Or would you not buy any right now ? Thanks
5i Research Answer:
We have to brief with comments, considering 8 companies in one question. We think timing to buy is fine, with stocks very cheap and balance sheets very strong (on average). We would start with large entities with diverse operations, trading at good valuations with good dividends. CNQ, SU. Followed this would be higher growth companies with good management: TOU, WCP, MUR, MEG, PXT. Then some solid small caps with good balance sheets and higher growth prospects: TVE, KEL.