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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: Going forward, I’d appreciate your advice as to the potential to recover on these stocks. I’m down 16% on PKI, 17% KWH.UN, 18% on VET and 23% on ENB. I appreciate the dividends, am well diversified, have a half position in all but Crius (full position) and willing to hold for an extended period of time. What do you see for each of these in the next 1 - 2 year period. I guess I’m now questioning if being well diversified (energy) will continue to work against me given that it is 9% of my portfolio and I believe you’ve recently suggested 5% is adequate at this time. Subtract as many credits as warranted. Thanks!
Read Answer Asked by Warren on November 17, 2017
Q: My wife and I hold eight energy companies in our portfolios on average down 30%.
Should we consolidate or add another name and if so which ones would you have in RRIF, TFSA and MARGIN accounts.
Thank you for improving the quality of our investments over the last three years --- Ian
Read Answer Asked by Ian on November 17, 2017
Q: Your comments on the year end & quarter's results for Madalena Energy would be appreciated.Were they good enough to suggest keeping it or bad enough to suggest selling ?They had a hit on 2 wells with total output of 250 b/p/d. Does this make them more viable or does the political climate in Argentina cancel this out?
Read Answer Asked by Dave on November 16, 2017
Q: Hi Peter and team
I have Essential Energy and Xtreme drilling two stocks bought my former broker Should I sell one or both of them I am down over 50 percent on both positions

I would like to take the funds and buy another driller Which one do you recommend
Read Answer Asked by Paul on November 16, 2017
Q: I hold several oil and gas exploration & production (E&P) companies. On every one of them I have significant losses, as many people do. I also have two oil refiners: VLO and MPC. I am shocked to see capital gains on both. Do oil refiners not move down when oil prices go down? I didn't see CONSISTENT correlation so I suspect I may be doing something wrong. Thus I seek your insight and deep, deep thoughts. Are both these companies just refineries? Or do they have some exploration and production in their operations ?
Would you continue to hold MPC and VLO ? If you wanted to realize cash for deployment elsewhere, which one (IF ANY) would you sell-- and WHY please.
Thank you
Read Answer Asked by Adam on November 15, 2017
Q: I am a retired, conservative, dividend-income investor. I normally would describe myself as a "buy and hold" investor, using a "trim and add" strategy that has served me well over the years. I am also aware that one should expect roughly a third of one's stock picks to not work out, although my track record is better than that.

The quandary I am in relates to PEY. Great stock, good management, nice dividend, however poor capital appreciation since I bought in Nov '16. My current allocation to energy is 10% of my equity portfolio. Fortunately PEY has only a small weighting (<2%).

Question 1 = I am down roughly 45% including dividends. We are now in tax loss selling season, so expect some more downside to PEY. I could definitely use the capital loss, to offset significant capital gains this year. Sell now, wait 30 days, rebuy?

Q2 = There is also the "trapped due to no pipeline access" theory...any light to shed on this? If PEY is trapped, is this worth rebuying, until the pipeline issue is remedied? If I wanted to replace PEY with another dividend payer = any suggestions for those that are not "trapped"?

Q3 = I see the average 1 year target price is $27---based on what?

Again, I usually hold for the long term...eventually good stocks work their way through these things...not sure this time. Your thoughts please.

Thanks...Steve
Read Answer Asked by Stephen on November 15, 2017
Q: Greetings 5i,

CVE CEO regarding the Weyburn sale stated “Net proceeds from the Weyburn asset sale, combined with the other three divestitures announced earlier this fall, will position us to retire the entire $3.6 billion bridge facility associated with the ConocoPhillips asset purchase by the end of 2017.”

Additionally Soros Fund Management took a 1.2 million share position on CVE on tuesday?

What are your thoughts?

Cheers!
Read Answer Asked by Duane on November 15, 2017
Q: I own the above energy stocks which mostly seem to still be languishing even with higher oil prices. Do you think this is a good time to buy more of any of these or is the market expecting another downturn in energy?
Read Answer Asked by Maria on November 14, 2017
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