Q: Good Morning Peter and crew: I am considering liquidating a position in Cenovus (taking tax loss for next year) and opening positions in one or all three of Torc, Cardinal or Whitecap. I'm interested in getting your opinion on the relative merits of all three of these, and of Cenovus as well for that matter. I know the three mentioned are all well respected names but wonder if you see advantages in some over others if at the end of 2015, wti oil price was still below $60. Many thanks, Don Lockett
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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: A recent BNN guest said he was short IPL because it was at 27X earnings - another guest said they had a huge EBITDA bump coming from previous work and had a great long term horizon unless oil falls apart for an extended period. IPL has lagged the other pipelines the past two weeks. Would you bet against this company?
I notice you have done a complete 180 degree turn on Surge and I bought a large amount following your strong recommendations last year. I only own SGY, IPL and SPE (Spartan). Was SGY's debt not a factor last year and due to their hedges this year, do you see any future upside with a modest recovery in oil over the next 12 months?
Thank you.
I notice you have done a complete 180 degree turn on Surge and I bought a large amount following your strong recommendations last year. I only own SGY, IPL and SPE (Spartan). Was SGY's debt not a factor last year and due to their hedges this year, do you see any future upside with a modest recovery in oil over the next 12 months?
Thank you.
Q: Further to John's point on the risk of Surge, my position is now relatively small. I am assuming that the bottom for the stock would be it s book value, since it does own tangible assets. First, what is the estimated book value of the stock and would that be a good proxy for the floor price?
Thanks for the insight.
Paul F
Thanks for the insight.
Paul F
Q: Good Morning
The Globe and Mail reported today the following debt to equity ratios for oil stocks which are quite different from the debt/equity ratios reported by TD Waterhouse. Do you know who is correct?
Globe and Mail TD Waterhouse
HSE .6 21.26%
CPG .84 22.46%
CR .75 19.87%
BNE .73 23.46%
Thank you
The Globe and Mail reported today the following debt to equity ratios for oil stocks which are quite different from the debt/equity ratios reported by TD Waterhouse. Do you know who is correct?
Globe and Mail TD Waterhouse
HSE .6 21.26%
CPG .84 22.46%
CR .75 19.87%
BNE .73 23.46%
Thank you
Q: Hi Peter,
Your recent answers about Surge Energy (SGY) have shaken me a little. Your advice is all about the long-term and don’t worry what the markets are doing with the current price. In answers to members, SGY has gone from a strong buy to a sell (Peter’s answer on April 9) in less than a year. In my mind, that means SGY is no longer a good long-term investment and should be sold by all members.
In your opinion (not worrying about sector diversification), IS SGY A SELL FOR ALL CONSERVATIVE, INCOME ORIENTED MEMBERS?
Is there a quick way you can advise all members about the change in your opinion on any stock you give advice on?
Thanks
John
Your recent answers about Surge Energy (SGY) have shaken me a little. Your advice is all about the long-term and don’t worry what the markets are doing with the current price. In answers to members, SGY has gone from a strong buy to a sell (Peter’s answer on April 9) in less than a year. In my mind, that means SGY is no longer a good long-term investment and should be sold by all members.
In your opinion (not worrying about sector diversification), IS SGY A SELL FOR ALL CONSERVATIVE, INCOME ORIENTED MEMBERS?
Is there a quick way you can advise all members about the change in your opinion on any stock you give advice on?
Thanks
John
Q: Hello 5i. Seems like consolidation may start ramping up in the oil patch, Could you recommend a set of 3-5 names to hold as a basket and explain why you think they would look attractive to a potential suitor
Q: Just wondering if you follow StonePoint Energy and if you believe management is in a good position for making acquisitions in this cheap oil environment? Thanks.
Q: High Arctic Energy is down more than 6% today. I can find no negative news to explain the drop. Can youy shed some light on what is happening and give me your opinion of the conpany's prospects.
With appreciation
Ed
With appreciation
Ed
Q: The plan of arrangement for Repsol to take over TLM has two options for Shareholders. 1)To receive the equivalent Cdn$ of $8US in cash. or 2) To receive $8US Cash. Based on these two options which one is best at this time considering the low Cdn$ relative to the US$. Of course any capital gain or loss would have to be taken in Cdn$
Q: Hi Peter and Team,
This company announced the re-organization to create two oil-focused companies.
Under this structure, shareholders of Dee Three will receive 0.5 shares of Boulder Energy, and 0.33 shares of Granite Oil Corp, while the latter company will pay a monthly dividend of 0.03 of each Grsnite shares.
Do you think this is a positive move for share holders?
I am currently holding this stock, which is 3% weIghting of my p/f.
Should I continue to hold and make the transfer to these two new companies when approval is obtained?
Thank you for your advise as always.Pui
This company announced the re-organization to create two oil-focused companies.
Under this structure, shareholders of Dee Three will receive 0.5 shares of Boulder Energy, and 0.33 shares of Granite Oil Corp, while the latter company will pay a monthly dividend of 0.03 of each Grsnite shares.
Do you think this is a positive move for share holders?
I am currently holding this stock, which is 3% weIghting of my p/f.
Should I continue to hold and make the transfer to these two new companies when approval is obtained?
Thank you for your advise as always.Pui
Q: With today's announcement of the mega-merger between Shell and BG, along with the inevitable fall in the price of oil to the $30 range due to increased production by Saudi Arabia and dwindling storage capacity, I am interested in your opinion on possible take-over candidates in the Canadian energy sector, especially in well-established mid-cap companies. Your opinion please? Thank you.
Q: What are the prospects for KEL in the current oil/gas envrinment. I currently own RRX and WCP, both up nicely. Would you trade one of these for KEL at this time, or just add KEL.
My oil/gas weighting is about 4%
My oil/gas weighting is about 4%
Q: I hold these stocks in my cash acct. Each is down about 50%.
Although I don't need to sell them at this time, should I look at getting rid of one or more. Inventory issues and other questions about the future for the sector make me question holding them for another year or two.
Thanks for the advice
Although I don't need to sell them at this time, should I look at getting rid of one or more. Inventory issues and other questions about the future for the sector make me question holding them for another year or two.
Thanks for the advice
Q: The oil and gas sector in Canada has been on the decline for a while. What are your thoughts on the prospects of this oil index and the oil/gas sector overall recovering in the summer, when the demand for this resource is expected to rise.
I bought HOU.TO at around $7.3 and am not sure when I should short it and if it is worth it to wait it out till the summer time.
I bought HOU.TO at around $7.3 and am not sure when I should short it and if it is worth it to wait it out till the summer time.
Q: Good morning,
I have a 3.5% position in RRX. It has shown considerable strength and performed well in this downturn in oil. Reading from the stockchase site, Eric Nuttall believes that the stock has risen so high that the expectations are almost impossible to meet. I would be interested in your latest views on this company.
I have a 3.5% position in RRX. It has shown considerable strength and performed well in this downturn in oil. Reading from the stockchase site, Eric Nuttall believes that the stock has risen so high that the expectations are almost impossible to meet. I would be interested in your latest views on this company.
Q: Hi team:
according to the Seasonal traders. they feel that the Natural gas is suppose to have a peak season from now (April) to June
What are some of the names of the Canadian stocks that would represent natural gas that belongs to high quality companies ? I do have TOU and ALA (both have pulled back since the oil prices plunge)
thanks!
according to the Seasonal traders. they feel that the Natural gas is suppose to have a peak season from now (April) to June
What are some of the names of the Canadian stocks that would represent natural gas that belongs to high quality companies ? I do have TOU and ALA (both have pulled back since the oil prices plunge)
thanks!
Q: Crew, surge, precidion driling. The oil, gas and drilling stocks are up huge today. Is this a dead-cat bounce? I am underwater a lot on these stocks and am wondering if I should take some money off the table before they go right back down or is this a sign of strength?
Q: Hi guys, hope you had a happy Easter.
Just a quick question on Paramount and Cequence. I bought both of these stocks a while ago and I am down about 43% and 56% respectively. I have heard a lot of talk that the natural gas outlook does not seem promising in the near future. Should I cut my losses and find something else to buy? Any suggestions?
Thanks
Just a quick question on Paramount and Cequence. I bought both of these stocks a while ago and I am down about 43% and 56% respectively. I have heard a lot of talk that the natural gas outlook does not seem promising in the near future. Should I cut my losses and find something else to buy? Any suggestions?
Thanks
Q: Your last comments on this company was in Dec.
I purchased ikm in August/14 at an average price of 2.56 so needless to say I am well underwater with it currently representing .17% of my trading portfolio.
Recently there has been a good pop in the stock and the positive points that I have noted are: 1.inside buying with management having skin in the game 2. Technicals look very strong at the moment 3. Book value appears as $1.93. 4. Debt appears quite manageable.
I would appreciate your comments as to doubling down here which would cost me $1000.00, however having said that I do not wish to put good money after bad.
Your candid comments would be appreciated here. Thanks and Wish you and your family a Happy Easter
I purchased ikm in August/14 at an average price of 2.56 so needless to say I am well underwater with it currently representing .17% of my trading portfolio.
Recently there has been a good pop in the stock and the positive points that I have noted are: 1.inside buying with management having skin in the game 2. Technicals look very strong at the moment 3. Book value appears as $1.93. 4. Debt appears quite manageable.
I would appreciate your comments as to doubling down here which would cost me $1000.00, however having said that I do not wish to put good money after bad.
Your candid comments would be appreciated here. Thanks and Wish you and your family a Happy Easter
Q: Hello, Can I get your impressions on ARP?