Investment Q&A

Q: Looking for your thoughts on VII following today's bounce.

Thank you.

Q: I am in receipt of a Dutch Auction offer from Encanna with a price range of $4.70-$5.40 USD.
I hold the shares in CDN dollars in my Investorline Account.
1. why would they offer me USD?
2. why do companies do Dutch Auctions?
3. do I incur any risk if I do not respond to the offer?

Q: While acknowledging that you do not cover US companies as much, which of of the two TOT.SA or BP would you prefer for a long term hold in a US$ RRIF?

Q: Two weeks ago I bought equal dollar amounts of LSPD and PIPE of about 1% each of my RRSP.
LSPD is down 5% and PIPE is up 12%. I would like to add another 1% to one of the above. Which one would you add to and Why? My portfolio is fully diversified.

Q: Was looking for an opportunity and jumped in to collect the divy and then got spooked so was in and out it would appear to soon.
Would appreciate your short and medium term outlook on this company.

Q: Hi,

I've owned CNQ in the past and it is approaching a level ($30) that I would deem quite attractive. While sentiment is terrible, do you still see value in the Canadian oil sector long-term? A lot of large international companies have pulled out and pipeline progress has been a disaster. It may take a while for sentiment to change and policy to change depending on election results. Do you still see value investing in Canadian energy or has there been an irreversible structural shift/decline?

Thanks,
Jason

Q: How would you rank these based on valuation, growth and management. Market seemed to yawn at CPX results, it isn’t as high profile as FTS but seems to have gotten more shareholder friendly, sixth consecutive annual dividend increase, wondering if this one and NPI are flying under the radar, Thank-you.

Q: How does their debt compare to their revenue

Q: What do you think of buying TCW under one dollar as type of call option on the unloved Canadian energy sector? What is the likelihood of TCW shares going to zero in the next 24 months?

Still waiting for clarification on BRE payout ratio as well.

Q: Which of these companies do you think has the highest dividend safety? Regarding VET, I am reminded that yield is a function of price and not directly related to performance - a company does not reduce its dividend just because the yield jumps - more likely a buyback if the fundamentals are reasonable.

Q: I hold this in my TFSA account book value $15.00 ,stock today below $10.00.Thinking of averaging down, your thoughts on Husky and buying more as there is no capital loss available in the TFSA? Also I hold HSE.PR.B series 2 in a open account and down 30% have held this for 5 years. Your recommendation on both holdings , buy hold sell or just cry? Thanks MJ

Q: I would like your thoughts on my perspective regarding the "a dividend cut may be seen as a positive" angle, with regards to Vermillion.

The way I look at it, against the backdrop of all the other previous oil and gas trusts that have cut their dividend, has there been a company, among this peer group, that has had their share price bounce back after they cut their dividend, and subsequently sustain decent share price performance?

Thanks for your perspective and allowing me to bounce my thoughts off you.

John

Q: Do you have any sense of what the intensity of a dividend cut would be? Cardinal certainly got hammered when they last cut, but that cut was widely unexpected. In other cases a cut almost seems to give people 'permission' to start buying again, as they've got the expected cut out of the way. Where do you think VET would lie on this continuum?

Q: Please assess the following:

1. they cut did by half
2. stock price goes up a little due to renewed positive sentiment
3. current market reaction overdone ( due partially to "stops"
3. buy backs lift stock price a little.
4. the market still believes in management and business plan and will act accordingly long term
feel free to comment in any way
thanks
yossi

Q: Hi 5i
I'd like your comment on ENB, why the share price keeps dropping?
Thanks as always!

lil

Q: RE: Vermilion Energy results. In a previous answer to a question asked by Mike you said, "There was no word on the dividend". That makes it sound like the company avoided addressing their very high dividend. Not true..
They actually mentioned the high dividend many times today:
1- in the Q2 results
2- twice, answering 2 different questions during the conference call
3- and during a post results interview on BNN

Q: Could you please common Vet earnings and share reaction. The outage in France would seem to be a reasonable explanation of volume decreases.

Q: Good morning
As retirees, and still with a longer-term horizon, my wife and I own (and like) Suncor (integrated), Prairie Sky (no debt) and Peyto (low cost producer) for minimal risk; second, dividend income, and third, capital growth. Oil & Gas is 4% of our diversified portfolio. We plan to keep Suncor. I am considering Freehold Royalty, Tourmaline, and Ensign Energy Services as possible replacements for PSK and PEY.
Q1: Do you feel the stock price declines in the Canadian oil and gas sector represent investor capitulation?
Q2: I would appreciate your comments on the 3 stocks being considered. Would any of TOU, FRU or ESI better meet our investment objectives, compared to our current holdings, PSK and PEY?
Thank you for your advice on this.
Edward

Q: I have owned AKT.A:CA in the past and sold at a loss but have kept in on my watchlist. What do we need to see happen for it to be buyable and a potential timeline for that? Also wondering if a dividend cut is likely?

Thanks very much.

Q: Seems like fear has overtaken reason in Cdn oil stocks, would you take a position in the above names? All are very profitable even under present circumstances. Thanks.