Investment Q&A

Q: Hi Peter and Team, I have recently heard a number of analysts/portfolio managers comment on Surge Energy as having an unsustainable model due to their strategy of acquiring assets past their prime , with high decline rates. The preferred model would be one such as Crescent Point Energy which owns assets where future production has more upside. Could I please have your thoughts.

Thanks, David

Q: With the recent bounce in Athabasca's stock price (ATH) resulting from announcement of completion of sale of Dove stake, just wondering if you still see any upsides to Athabasca. Is it worth hanging onto? Much appreciated.

Q: Hello 5i, I am a holder of Long Run LRE and with the merger of Crocotta would like to know if I am entitled to any warrants to buy shares of Leucrotta LXE at the strike price of 1.70 as I did not own any Crocotta before just long Run.
Thanks

Q: Hi Peter, Manitok (MEI.v) reported today and is taking a hit. Whats your assessment ? Would you continue to hold or move on ? Thank you. Paul

Q: Hi 5i team, your update on LVL.v is most appreciated.

Q: Re: ELW......how has this company gone from 19 million shares to 333 million fully diluted shares? Is this a correct number? Thank you

Q: Mart is looking weak here again, I'm assuming due to the uncertainty of finishing the pipeline and the large shrinkage losses in the existing one.

My question is regarding the new pipeline: I can't seem to find anywhere an agreement with Shell or another party that Mart has signed which will guarantee them a market for all the oil they hope to ship in the new pipeline, and under what terms. I may have missed this, but if not what is the risk that they cannot reach favorable terms with their new pipeline (once operational)? I guess the question is - once the pipeline is finally finished and commissioned, can the upside be quantified, and is it at a valuation well above where the company is now? Or is there also risk of a new pipeline agreement dragging out and not being favorable to Mart?

Q: Synodon has been slowly dropping for the last 6 months (since its peak in Mar 2014). What are your thoughts on why this is occurring and do you think it is a good time to purchase?

Q: Hello,

You commented on FEN.v early in The year. Have the recent results reported changed your opinion on the company at all?

TIA, Gerald

Q: Athabasca Minerals
Could I have your opinion on it's current stock price now that the frac sand permit has been granted?

Q: Hi Peter & Team, SGY (Surge Energy) has a yield now over 7%. Should i be concerned? Seems like to me that the market is still perceiving this stock as high risk. What are your views? Thanks

Q: would greatly appreciate your opinion on PSI.to

Q: re: PNE

Is it just me or does Michael Campbell always have a very compelling story.

In looking into it further, there is no question Mr. Fink knows what he is doing. And now he is apparently doing the same thing again with Pine Cliff.

Has anything happened or has your opinion changed - for the better or worse- since your last comment on PNE July 28?

Thanks for all you do

Gord

Q: I see the techinicals on oil have broken down with a next support at $86. Would this be a good time to step out of SGY or partialy step out due to its normal volitility as a junior?

Q: Hi Peter and Team, How and when would you invest in the Natural Gas sector before the winter months set in. Thanks for the great service you and the team provide. Good luck in the mountains next month. Carl.....Gibsons

Q: I own $6000 (par value) of Southern Pacific Resources (STP) non-secured senior bonds, due in 2018, that I purchased some time ago through my discount brokerage. All indications are that STP is on the verge of bankruptcy. Today, the market price of the STP bonds is 62 cents, indicating that likely some fraction of the bonds' face value should be recoverable during the (probable) bankruptcy proceedings.

As a retail investor, I do not know what the procedure is for small bondholders when a company is in bankruptcy. Assuming that bankruptcy occurs, will I need to personally make a claim for my money, or will I normally be able to "piggy-back" off the legal efforts of major bondholders and wait for the settlement? Do all bondholders need to share the legal expenses related to the bankruptcy proceedings?

Thanks for any clarifications you may be able to provide.

Q: Re:TOU - Aug 25 - question by Ilesh
In your answer, re Energy sector, you mention you have other favourites in the pure growth area and the dividend category. Would you kindly advise your favorites in those areas please. Thanks.

Q: Could you comment on the recent asset sale by Eagle Trust?
Does this change your outlook?
Thanks,
Fred

Q: I saw your recent response to a question asking for your top energy companies. I was surprised, based on many of your previous answers to questions, that Whitecap(WCP) was not on your list. Has anything changed with respect to your views/expectations on Whitecap in terms of relative valuations particularly with the recent increase in share price, current expected growth,etc.?

Q: Petrowest prw: two acquisitions announced. Good acquisitions in your view? Expect it to be positively accretive to earnings down the road?