Investment Q&A

Q: ARN has just announced that it proposes to exchange their debentures for stock at a price of $0.15/share. The company also states that debenture holders holding approximately 40% of the Debentures have executed a support agreement whereby they have agreed, subject to certain terms and conditions, to vote in favour of and support the Exchange (the "Support Agreement"). Under the terms of the Support Agreement, such Debentureholders will receive additional common shares representing approximately 5% of the new common shares in the capital of Arcan upon completion of the Exchange.
This appears to me that a certain group of securities holders are being treated differently than others holding the same security and is therefore unfair. I also wonder whether this is consistent with securities laws which generally are focussed on treating all securities holders on the same basis.
Can you comment on this and also whether you would tender to the offer.
Thanks

Q: Dear Agent. Is BBEP a stock that you would recommend to an investor to hold on to in Re: Portfolio. Eddie.

Q: I am thinking of taking a position in surge,but as of late it has not participate in the rally as much.
Are there reasons for this?
Are there underlying issues that I should be aware off.
And what is there hedging program look like,are they able to keep paying the dividend?

Q: ShawCor has provided an update today on the South Stream Offshore Pipeline Project. I would appreciate your assessment of this news on the company and whether I should consider selling the stock at this time. Thank you.

Q: what percentage of production is hedged for oil & gas and at what prices thanks

Q: hi.could you tell me wheter to buy sgy or raging river for my tfsa. thanks cliff.merry xmas

Q: Season greetings to all.
I would like your outlook and opinion on Kelt for a 1 or 2 year time frame. Thanks

Q: I have owned BNP in my RRSP acct. for a few years. I am in at about $22.00. Ouch!!! I don't need funds for 5 yrs. Should I continue to hold or sell?

Q: Good morning Peter and the 5i Team,

I came across a rather reassuring article regarding "oil", as this has been a huge topic and concern of late for so many in the 5i community. Here's the link: http://www.msn.com/en-ca/money/topstories/why-oil-is-being-hurt-by-us-and-why-oil-goes-back-up-in-2015/ar-BBgUQCY

A very Merry Christmas to you, Peter, and all the hard-working staff at 5i, and as well, to all 5i members.

Q: I'd like to initiate a long position in the oil and gas sector, but am hesitant to do so by picking individual stocks. Are you able to recommend two ETFs with a focus on oil and gas? I'm looking for one with exposure to NA Junior producers, and one with exposure to a mix of oil related companies (producers, explorers, services, etc).

Barring that, perhaps you can think of a mix of 5 stocks I could buy to make my own mini ETF with the above considerations.

Thanks,

Cam.

Q: Just a general question. Is there an explanation why the price of diesel has not dropped at the pump like the price of gasoline?

Regards
Brian

Q: Hi, I read your last answer on Northern Blizzard. Since then it is much lower similar to many other O&G stocks. In light of this, and ignoring the fact that it is a newer company, can you please compare this company to others with a high dividend commonly talked about here (e.g. WCP, SGY, TBE, PWT) with regards to:

- Quality of Management
- Current valuation
- Safety of dividend
- Level of debt/safety
- Growth potential

Thanks and I hope you and your team have a great holiday season!!

Q: My energy sector exposure is currently at 5% of my portfolio . I'm a long term, high risk investor.
I'm most concerned with;
SDX @ - 57%
E @ - 60%
MCR @ -70%

Would you suggest selling these and moving into something like WCP, PEY, TOU, VET, RRX or SGY? In hopes of more upside? If so, which one? I wouldn't benefit from any tax loss selling. I'm planning on bringing my energy sector up to 15% in the next could of weeks.

I also own ECA, BEP.UN, BAD and a 1/2 position in SGY.

Thanks!

Q: What are your thoughts on this company's future and would you purchase at this level with a 3 year time frame. Many thanks!

Q: The airlines, in both Canada and the US, have really been getting hammered the last few days. Do you have any idea why? I would have thought falling oil prices was a bonanza for them.

Q: Hello,
Most O&G stocks are bouncing back today but HWO doesn't participate in the run. Any ideas why?
Thanks.

Q: Yr thoughts plz given the present oil debacle.

Q: Hello 5i,
I've been patiently waiting on the sidelines the last few months waiting to get into the oil and gas sector.
I know it is impossiblre to time the bottom but it is looking like the massive daily drops in oil are slowing.
What would you recommend? Jump in now or pick away over the next few months? Do you have any favorites at this time?
Thanks
Dave

Q: Hi Peter and company. I have to ask this question which many are thinking. Could you and your team give 5 or 6 names that are considered high risk but on a oil recovery should have a large rebound. Some of these above stocks mentioned are down 70% plus from there highs. I was hoping for your expertise on figuring out which companies could survive...balance sheets,cash flow etc. Or do you have other names that your team is more comfortable with.

Thank you as always Jason

Q: With the dividend cut and lower capex announced this evening do you like BNP any better as a hold for yield and growth for the next 12-18 months? I could take a tax loss on it and buy another name in the sector like BTE, SGY, WCP or CPG for potentially better yield & upside? The risk of course is that neither SGY, WCP or CPG have cut yet. Perhaps that's already fully priced in?

Thank you in advance for your response.