Investment Q&A

Q: Hello Peter

I am wondering what your opinion on Iona Energy is since the last time I asked a question on this company. The management has changed and they have since signed a deal with CNRL for the Orlando field. This will be brought on in late 2016. Their current producing asset Huntington is planned to be re-started in early Dec after a 6 week shutdown due to gas pipeline maintenance (BP CATS pipeline). They currently are trading at less than $50M market cap which is less than 1 times cash flow. The new management has bought in at $0.40 a share and the current price is at $0.14. There is discussion that they can get a $500M RBL at a low rate if they buy another producing asset. They would be able to get rid of the $300M bond with that and it would be at a lower rate. Their are a lot of potential catalysts in the pipeline so is this a buy in your opinion?

Thanks in advance

P.S. Would IAE be a better NS oil investment over Iona?

Q: Just wondering if I should continue holding Surge Energy and if the dividend is safe? It seems to be under a lot of pressure with falling oil prices. Also Crescent Point seems to fall into the same position. Thank you for your great help, Herb

Q: Could you please provide your opinion on MCW? I realize it's fairly speculative (market cap about $50M), but they seem to be close to offering a clean tech solution for the oil sands. Do you see them as a good investment?

Q: Would you please comment on their Nov. 25 earnings release? Buy, sell, or hold? Thank you.

Q: Morning guys, depending on the OPEP meeting result, I plan to open 2 new positions in the oil & Gas sector. I already have a half position in Chevron and a full position in CPG. What would be your top 2 recommendations. It would be for a buy & hold strategy (3+ years) within a div growth portfolio.

Thanks!

Q: Hello peter

Can you give me your thoughts on pine cliff energy for a 3 to 5 year hold. They are banking on a natural gas recovery

Kevin

Q: As you know there have been concerns regarding Baytex debt level in the face of falling oil prices and the falloff in stock price is blamed on the risk of a cut in the dividend. Information on the company website shows that their heavy oil is 51% hedged at $96.45 for Q4 2014 and 45% hedged at $96.45 for Q1 2015. They do have $1.38 billion in long term debt but almost none matures until 2021, and they have a very low payout ratio. It seems to me that the concerns are overblown, what is your opinion?
Many thanks.

Q: I currently hold 10% of my portfolio in four energy companies.... CPG, FRU, SGY, and WCP. This morning the Globe is running an article that states oil could drop to $60 a barrel if the Saudi's don't cut their production. How will these four companies fare at $60 oil? I bought all four near the bottom and am up on all of them, with FRU being up over 10%. Thanks for your input.

Q: Good day 5i
I am planning to adjust my energy E&P holdings which include TOU CVE ECA BNP. I believe this sector is undervalued and would like to strengthen my holdings. BNP is in a loss px but I can use that to offset some CG rqd to adjust weights of some long time winners.

I plan to sell BNP due to its poor performance. M-star anylysts are critical of its mgt of resource assets.

Could you rank my holdings along with a few others, that I know you like, to enable me to take advantage of sector undervaluation to restructure.

As always, your advice is appreciated

ernie

Q: What two energy companies traded on the NYSE do you like the most?

Q: What do you think in regard to this stock. It's less than 1/2 it book value.

Q: Apparently recent insider buying. Your thoughts on this company?

Q: Peter In response to a question about a switch from BTE to Turmoline you advised to the question that you would agree with the switch as you believed that Tourmline had better management.
Would you share what criteria you use in rating a management team?
Kind Regards
Stan

Q: Hi Peter, I have these Mutual Funds in my portfolio and they have done extremely well in this market environment, I wish more people shared they good investments here. While I am at it, would like your opinion of TBE and RMM.un. many thanks, Joe.P Burlington

Q: I Sold my shares of NFSHF, maybe at the bottom, it scared me. I was thinking of switching to NOV calls that expire in 2016 with a Delta of around 90%. Would you have advice. Maybe I should switch to another sector all together. Do you have a recommendation?

Q: Hi Peter,

What is your take on WEQ-Buy, Sell Or Hold? The company seems to be moving in the right direction but stock price get slaughtered. Thx Colin

Q: Hi Peter and team, do you think it is time to start dipping your toe back into energy stocks or wait for tax loss season to be over? Which stocks would you pick with the highest upside potential for a tfsa?
Thx Nancy

Q: having been caught with the price drops I am down considerably on these two oil stocks.
My question is, in your opinion, would be wise to increase my holdings or eat the loss and move on or just sit tight and wait it out.
Thanks for the excellent service!

Q: Hi,

What do you think of LTS now?

Q: Would appreciate an update on this co notwithstanding its upcoming vote re buying Canadian assets. I know the high yield is a warning but even if they halved it, it would still be above average. Thanks