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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi. I was considering selling Superior Plus for a tax-loss. Do you have a suggestion for its replacement? I likely will not re-purchase SPB. Thanks,
Read Answer Asked by John on November 10, 2022
Q: PXT last reported its earnings the week before. Kindly comment on its results and forward guidance. As well, are there any reason for the weakness in share price lately, especially yesterday which slid down by 5%, right from the opening bell. I'm looking for tax losses for 2022 and PXT seems to have jumped to the forefront at this point. Thanks.
Read Answer Asked by Victor on November 10, 2022
Q: The Q3 results seemed fine, and guidance is positive so why did CJ get hit so hard today (down 12 per cent). Other oil names were down as well but nothing was down as sharply as CJ. Is there something that I missed? I like the 6 cent per month divvy and now that the debt has been dramatically reduced I feel CJ can continue to pay the divvy even if WTI drops down to the $70 ish range. Is there something here not to like than a recession pulling down demand for oil and subsequently price per barrel?
Read Answer Asked by Paul on November 10, 2022
Q: Parex is starting to look so tempting that I am considering it again despite an anti-oil government now in charge in Columbia. The dollar a year dividend now yields well over 5 per cent and I estimate that at least 20 per cent of PXT's market cap is covered by net cash on the balance sheet. I sold out of PXT in the high $20's before the Columbian elections but I promised to revisit is it went sub$20. It is now below hence the revisit. If the Petro government were to get really radical and decide to nationalize the foreign oil and gas (and mining for that matter) companies what kind of compensation might be paid (I am sure had some experience with that back in your Sprott days!!) I recall The Harper government getting a free trade deal between Canada and Columbia. Does a deal like that make nationalization much more difficult? I wouldn't waste your time on PXT but at sub $19 it is really tempting!!!
Read Answer Asked by Paul on November 10, 2022
Q: A follow up on y PXT question. On the stockhouse bullboard someone posted that the Gustav Petro (sounds more like a Russian that a Latino) government announced a new 10 per cent tax on 'exports' of Columbian crude. Is the oil that PXT extracts in Columbia used domestically or does it go for export? Or am I spitting hairs on the definition of the word export? Also the same post said that royality payments would no longer be tax deductible which is a drag on post tax profit but it can't be that big of a hit?
Read Answer Asked by Paul on November 10, 2022
Q: If a 2% tax is imposed upon oil and gas co. share buybacks, I assume that free cash flow will be directed toward debt repayment and dividend increases, with low debt companies raising dividends the most. Which O&G companies would you recommend, ( if my assumption is correct )?
Read Answer Asked by James on November 07, 2022
Q: WHICH STOCK DO YOU PREFER AT THIS TIME AND WHY (reasons) --SU,CNQ,POU AND VET?
Read Answer Asked by Herbert on November 07, 2022
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