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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: Following up on my hedging question, any thoughts on which companies Nuttall is referring to in this excerpt from his newsletter? Thx


what were we doing yesterday? We sold our one US name and bought a low-cost oilsands producer whose stock was down by 50% (the Fund now has 100% Canadian content…Canadian producers at least benefit from a $0.73 loonie when they sell their oil in US dollars but have operating costs in $CDN). We added to another oilsand name that is 55% hedged this year at $59WTI (with swaps) as the stock collapsed by 56%. We also went through the structure of the hedge books of our positions and trimmed exposure to any name that may fall into trouble if the price rout lasts for longer than 6 months. Now is not the time to take on extreme risk. Our goal is to be in companies that can weather this storm as best as possible to allow us to be fully exposed to the sector for the inevitable turn. All it will take is one headline about a Saudi/Russia meeting and energy stocks could easily gap up by 20%+ in a day…if you’re not positioned for that event human psychology will prevent you from chasing the rally hoping for a pullback that may never come.
Read Answer Asked by Patrick on March 12, 2020
Q: With the current oil situation what is the future of these stocks and which ones would you sell now
Read Answer Asked by hal on March 12, 2020
Q: Peter and team
I have held ZEO outside of my balanced portfolio for several years now. As of today it has lost half of what I paid.
Even though it is compromised of the bigger players I am still worried about the solvency of some of the companies. Are there any in this ETF that cause you concern and do you feel this is safe "hold" for the next few years while awaiting recovery.
Thanks
Phil
Read Answer Asked by Phil on March 11, 2020
Q: Hi, I am down $18,433 on Baytex energy on 1000 sh bought over 16 years ago. (yeah I know stop loss) Yes, there is no need to sell it but I would appreciate A professional opinion on this sector.
Canada is in a very difficult place and we are being squeezed from many sides and in many ways. In this sector what do you recommend, to actually make money in the next 1- year. Thanks James PS I have been patient long enough.
Read Answer Asked by JAMES on March 11, 2020
Q: Are you aware of any research that provides detailed analysis regarding oil patch exposure of the big 5 banks?
Read Answer Asked by Tom on March 11, 2020
Q: Hi can you please explain what the prospectus filing on March 6/2020 for OVV means, they will be selling common shares and securities? Reading some of the Sedar's filings but not totally clear to me, does this mean they are delisting the stock or just selling their portion of shareholder equity (shares and debt)?

I own these shares in a TFSA and Canadian non-registered account, would there be tax implications?

Thanks
Read Answer Asked by Kimberely on March 11, 2020
Q: Could you name 3 Canadian energy companies that are low cost, debt-free producers that might be worth watching for an entry point?
Thanks; and thank you for your report and communications today!
Read Answer Asked by Robert on March 11, 2020
Q: In response to questions regarding pipeline companies, you stated that they depended on volumes rather than price but that if E&P companies shut in production or go bankrupt, volumes could suffer. Do you really think that Canada may have excess pipeline capacity?
Read Answer Asked by Theodore on March 11, 2020
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