Q: I own both in a tfsa. about 2k together. would you fold for better opportunities or hang on. I don't need the money there. Just, is it a sensible bet?
Thanks
Q: I own PKI and they reported today. They raised the dividend slightly but the 3 month payout ratio shows at 117%. What are your comments on the results? Thanks for all your help.
Q: Good morning: I have owned Mullen a couple times in the past, bought for income but sold after decent capital gains. It is starting to look like it might have that potential again. What percentage of their business is oil-related, and do you think their other businesses are growing and could offset loses on the oil side? Is it oversold? What is their payout percentage and how sustainable is the dividend? I am looking for income, about a 2.5% position, and am prepared to hold for the long term.
Q: Hi - I have held positions in BTE,ERF,BNP and VET for a long time. In an earlier answer to a question on BTE you said that:
"We are mostly neutral on it: good potential offset by high risk. It would not be for everyone, certainly, and we would prefer less risk and less potential"
Would WCP be a better choice - or the other names I hold above?
I'm interested in your thoughts on Baytex Energy in light of the recent decline in share price. Is this a chance to pick up some shares at a bargain price? Thanks!
Q: I came across AET.UN. I went over some of the answers/comments provided by this site to questions asked by members over the years. To your credit, you "never really liked the company" but I noticed there was really no strong sell conviction (I know you don't use the term, but you understand) when there certainly was enough evidence things were going terribly. Price action/money flow is the ultimate fundamental. A lot of us were sandbagged especially because of "chasing yield" or Eric Tremblay's record at Enerplus. Any lessons? What checks and balances exist at 5i to ensure minimizing this sort of implosion.
Q: Hi,
Mart Resources has an offer of .80 a share on the table. I currently own over 10, 000 shares at .99 and the share price hasn't moved much today. Would it be wise to buy more to try to lower my share price to minimize my loses?
Read an article this morning in the Globe & Mail stating that
"Unfortunately the serenity has been shattered and the reading of the fourth-quarter results on March 5, 2015 will be an entirely different experience. Analysts from Raymond James and National Bank Financial cut their target prices in early February which put another warning flag on the track."
It goes on to explain the dividend may be in danger and, there doesn't appear to be any stopping this down trend.
I have a small position which is down about 50%. I am thinking about selling now prior to the report and taking the loss - my first ever - as I don't see the downtrend stopping any time soon.
What is your advise at this point, and what do you think we can expect on March 5?
Q: Hi Peter,
What happened to all the O/G questions ? :)
Of the 3 listed where would you add at this time ? TOU has held up well. Dividend for WCP certainly looks healthier than SGY. Thank you.
Q: I see bnk just came out with reserve numbers etc. I have to admit a little above my head. I note from a Dec letter that you know mgm and think highly of them. Td also has a buy on them. I own about a 10% position in oil/gas. MEG, SGY & TOG. I figure with a 4% drop today that the mkt didn't like what they had to say..What do you think of bnk at this time, should I buy, or might you suggest something else. Thanks very much.
Q: A non binding offer of $.80 has been made by Midwestern, an affiliate of Mart, for the oil & gas company Mart.Is this a good deal for shareholders or can other offers be expected? It appears there is very little confidence in this price since the stock rose to $.72 today then fell back to the low sixties.Your comments ,as slways, would be appreciated.
Q: Would you buy this ETF at todays price or wait awhile to see if the price of oil continues to go down? Realize this is a tough call but I value your opinions. Tks, Bill
Recently, CVE did a dilution bought deal for up to 1.7 bil @ 22.25 underwritten by TD and RBC. Currently holders of this deal are under water by almost a dollar. What do you make of this and from your experience when institutional holders make a bulk purchase of shares and then the shares tend lower initially, is it simply that these new shares are washing through and hence the lower price reps the increased volume. From an outsider perspective, the current price looks interesting to me with oil making a bottom formation. Thank you.
Q: Elkwater resources did a reverse stock split and changed their name to Striker .
SkX share are at 2.10 this morning. I'm confused.
Can you explain a reverse stock split and the benefits to the shareholder