Investment Q&A

Q: Hello Peter et al.

With the recent news about the Bond proposal and having 40% of the bond holders already approving it, does this stock have a chance to rebound? The meeting is scheduled for the 27th of this month. Most people think it is a dream deal with only 10% dilution. What is your opinion? I know before you said it was essentially a lottery ticket but do you think the odds of this turning around have gotten better with this deal.

Thanks,

Brendan

Q: Hi! Currently down 60% with a Baytex holding in a LIF. Is it better to just hold this waiting for a recovery or to sell and move the remaining money into an other oil stock or another type of stock altogether? And if you recommend a move do you have specific stocks to recommend?

Q: Hi all, We currently have a 5% position of our portfolio in RRX, another 5% split pretty evenly among cpg, tou & ppy. Given the current news about a possible significant drop in oil prices, would it be wise to reduce our positions in some or all of the above now and get back in later in the year?
Thanks a lot
John

Q: I hold half a position in HWO. It pays a good dividend and had a good last report. I have a large and diversified portfolio and would like to add another half position. At this price and with the last report, would you agree?

Q: On March 4th, you gave a fairly negative view of Baytex Energy. They have just announced a new issue of common shares at $17.35. Is this now a decent entry point and would the added revenue alter your opinion on the company going forward?

Q: These stocks are at the low end of my portfolio in terms of asset allocation(<.5%): EGL.un,AR,TBE,AHF,ZAR,IRG,WEQ,S,FC.
Are any worthy of continuing to hold or buy more; or is it time to more on? Thank you for your advice.
Bruce

Q: What is your latest opinion on Delphi Energy? What do you forecast for the stock price using a 1-2 year horizon. Would you recommend it as a buy, sell or hold?

Q: After this recent cons.is this co. a decent buy with some possible prospects? Thank you in advance.

Q: If this company moved its listing to an Asian exchange,what affect might this move have for canadian shareholders?I think the company looks good but.....Thanks for your opinion.

Q: Would you buy the below stocks today (for the next 2 to 5 years)?
- esn.to
- re.to

Q: Hi Folks,

It's my view that the current retracement of canadian oil stocks to their annual low's is a possible technical test of the bottom of these stocks. Do you agree? It seems everyone and his mother cant believe this is the bottom for oil stocks and that another leg down is inevitable. The same pundits in 08-09 seemed to be wrapped in the same fear that Canadian banks were insolvent. As we know, they weren't even close.

Q: Hello Team, I have held Peyto for several years. With natural gas storage level very near the 5 year average despite a very cold winter, I am concerned that the current high gas production environment is going to knock gas prices to very low figures in the coming months. Would you please provide your thoughts on holding Peyto in today's natural gas environment.
Thanks,
Richard

Q: I've owned CPG for 3+ years and I've been fine with collecting the dividend despite the massive volatility. I've held it in the past knowing there are better energy names out there. Today, I am thinking it is a good idea to get out of it in favour of cash or some other 5i portfolio type stock like BIN or something you'd recommend. I prefer to get something with yield so I am thinking HCG or BIN or CCL.B or something like those.

My chief concern with energy in general is that the supply situation (looking at all the charts) looks horrible. I think CPG is discounting oil prices that are too optimistic. My concern with CPG is I know I can do better in terms of quality and I am thinking grown men could be crying over this one in the next while.

CPG is 2.5% of the portfolio. Other energy related holdings are PEY - 4.4%, TOU - 3.3%, AEI - 1.6%, and BAD - 3.9%. Rest of the portfolio is pretty close to 5i model portfolio.

Q: Which would you consider buying as a large cap. oil/gas company. Which has the most upside when the oil/gas prices return to normal?

Q: Hi, further to questions on record oil storage and reduced storage capacity what might be the potential impact on medium size Pipelines such as IPL, Pembina, Altagas etc.? Is it possible volumes transported could be curtailed if there is reduced storage available? To what extent is this a valid concern and would long term take or pay contracts protect them and for how long? Thank-you.

Q: Please let me know what you think of TOU results today. Thx Ravi

Q: I read the question and answer section regularly and have not noticed you saying anything negative about ROCK Energy. It has been under forming its peers for the last while. Is there anything that has happened to the stock that I am not aware of. On another note, ESP and CLR, BNN recent picks seem to have dropped off substantially. Any news on them?

Thanks,
Dennis

Q: Hi Peter,

Can we talk about this looming idea that "we" (whoever that is) are going to run out of storage capacity for oil, in about 5 months. Why is this such a big deal? And wouldn't this end up being positive because it would help place a floor on oil prices i.e., if there is no more room, then real production not just rigs would have to come down. Also, what's your view on hedge funds positioning for a further decline in the oil price? Thanks for your help.

Q: hello 5i:
on 2 March, Gary asked the following question:
Question: I am looking to add some of the names that you cover. In your opinion - which 5-10 names offer the best potential for price appreciation over the medium to long term.

As a counter, could I ask for your 5-10 best VALUE picks, that would include stocks with secure dividends for the medium to long term.
thanks
Paul L

Q: does hemisphere survive and do you think a small position in it would be advisable? Once again thanks. Jim.