Investment Q&A

Q: Hey Peter & Team

Really need your help. I read all your articles among many others, and recently read something that hit home when you spoke about portfolio management and to be willing to get out of losers. To be honest, I have yet to collapse a position in which I was not ahead.

I'm a little under water (13%) with XOM and as far as I can tell could remain there for some time - maybe a couple of years. It had a nice move yesterday but has given some back today.

I was thinking about exiting XOM and taking a position in Ford. Right now I have about 25% of my portfolio in US equities with positions distributed in;

APPL
WFC
DIS
CBI
TWX

as a whole this group has performed very well for me.

Do you think a position in Ford is wise at this time? Or would you recommend another sector/stock that might work better for me? Or would you recommend I just hang tough, collect the XOM dividend and patiently wait for the oil recovery? And finally, do you have an opinion on when you think Oil might return to $70 - $80.

Always appreciate everything you do

Gord

Q: I hold VET in my TFSA but today I saw this morning on tmx.com the estimated earnings for 2015 and 2016. They were severely lowered .... If this is not a typo, I am selling all my VET tomorrow. Your opinion.

Q: Hi 5i team,
Please give your opinion on each of their hedging strategy. Presumably, all three have been able to keep their dividend because of hedging. What happens to their dividend if oil price stays low for another year or so. Who is on the other side of these enormous hedge? Someone is loosing big time...please comment. Thanks

Q: Good Morning Peter, Ryan, and Team,
Could I get your opinion of Whitecap's purchase of Beaumont Energy please ??? Does this transaction make sense in the current oil pricing environment ??? Thank you for your help. DL

Q: Hi Peter What is your take on the Whitecap Beaumont deal >Sure am not happy with wcp raising cash at $13.50 probably to fiancé the deal.
Regards Stan

Q: Hello,

A few days ago you mention that Striker is a risky stock. Do you think that it has a chance to go belly up if the oil price stays low (or go lower) for a longer period of time?

I have a 2 years (+) time frame. Is there a better one that you would recommend

Thanks M.

Q: What is your view of RMP's earnings update today and would you continue to hold? Thanks.

Q: Obviously RMP's earnings were not good. Can you please shed some light on how bad their earnings miss was and future prospects in a low price oil environment. Thanks

Q: Given the outlook for oil, is CFW worth holding? Do you think that the dividend is safe?

Q: Do you think its a takeover candidate for their assets

Q: Hello Team could I get your thoughts on Arx. I thought I saw in it's finacial report that it's payout ratio is over 100% and it's debt ratio is climbing. This concerns me due to the price of natural gas. I am up on the stock but wondering if I should not sell before they cut their dividend. With that I was also looking at buying some williams cos/partners wmb but looking at selling my Pembina - ppl stock for it. I also hold some trp. What are your thoughts on that

Q: Oil is down today but wcp,cpg,sgy,tog are up 3-5% What is up?

Q: My SGY is my worst performing stock down 70%. I just don’t know what to do. Will it survive or crash and burn? Do I sell at this HUGE loss in my TFSA or buy more or hold?

Q: Hi Team,
What is your outlook on this company for the mid term.Would it be considered a value play at these levels.What would be a reasonable price target on it in twenty four months?
Thank you

Q: Do you know whether these companies have a lot of debt and which one would you consider to be a good investment for the long term (5 years and longer)?
a) ESN.TO (Essential Energy Services)
b) RE.TO (Rock Energy Inc.)
c) SPE.TO (Spartan Energy Corp.)

Q: Hi team.
The service companies have been hit quite hard due to the collapse in the oil price.However,canyon has a strong balance sheet,will be looking for acquisitions,stated that they will not cut their dividend.Would this company be vexed as a value play and if one was to purchase it now with a two to three year horizon,would it be to early or a safe bet?
Thank you

Q: Hi guys,

With the decline in energy prices, a number of business analysts and commentators are highlighting an opportunity of a lifetime in purchasing debt of mid cap energy companies in the near future. Can you explain how a retail investors would get exposure to this? Are they referring to new debt issues that will come from these companies given the stress that they may be under or existing debt that needs to be restructured? I assume the difficult part will be determining which companies will survive and which will fail.

Thanks,
Jason

Q: There have been some announcements of companies deferring or mothballing major oilsands projects. Have the IPL growth opportunities in the oil sands deteriorated? Has the growth story at IPL taken a fundamental change for the worse?

Q: I'm thinking of buying some BNE. Do you know the current oil/gas production split, also, how do you view current debt level and is the dividend relatively secure?

Q: Hi Peter,

As I mentioned in a prior question I am a significant holder of Convertible Debentures, some in Registered and some in non registered accounts

In the past decade I've only had 1 default (Prizm)

However today I am holding 5 CV's that are substantially below par and I am concerned that they will be able to settle in whole upon maturity.

I will list them as follows:

PLT.DB
WEQ.DB
ZAR.DV
AET.DB
LRE.DB

Question to you is, which of those are so dangerous to hold, given the current state of energy, that you would recommend I sell because taking the current bid is probably better than zero?

Thanks