Q: We own SU and TOU within a balanced portfolio. Would you suggest trading SU for WCP? Thanks.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hi Peter and Team, any thoughts/opinions on the following regarding Pinecrest, PRY, would be greatly appreciated (and would this be true regarding share purchases by insiders?). Thanks!
Wade Becker, President & CEO of Pinecrest Energy presented at Canaccord Genuity's 7th Annual
Global Resources Conference last week in Miami. Pinecrest insiders have been huge, huge buyers of their own stock over the
past several weeks - roughly 5.7 million shares at an average cost of $0.47 per share since September 12, 2013. Becker's
presentation gave us a little glimpse into why. Focused largely on the company’s waterflood program in the Slave Point area.
PRY estimates that it will have ~1,000 boe/d of production on waterflood by year-end (approximately 1/3 of production).
Canaccord Genuity Energy Analyst Anthony Petrucci notes this could have a material impact on corporate declines heading into
2014. Other highlights from Becker's presentation included: i) EVI #2 is the company’s first operated waterflood scheme and
has seen production increase to three times over initial rate; ii) The Loon #1 waterflood program commenced in March 2013
and production results were visible after two months of injection; and, iii) The company has one of the largest positions in the Slave Point light oil resource play, with over 400 net drilling locations.
Wade Becker, President & CEO of Pinecrest Energy presented at Canaccord Genuity's 7th Annual
Global Resources Conference last week in Miami. Pinecrest insiders have been huge, huge buyers of their own stock over the
past several weeks - roughly 5.7 million shares at an average cost of $0.47 per share since September 12, 2013. Becker's
presentation gave us a little glimpse into why. Focused largely on the company’s waterflood program in the Slave Point area.
PRY estimates that it will have ~1,000 boe/d of production on waterflood by year-end (approximately 1/3 of production).
Canaccord Genuity Energy Analyst Anthony Petrucci notes this could have a material impact on corporate declines heading into
2014. Other highlights from Becker's presentation included: i) EVI #2 is the company’s first operated waterflood scheme and
has seen production increase to three times over initial rate; ii) The Loon #1 waterflood program commenced in March 2013
and production results were visible after two months of injection; and, iii) The company has one of the largest positions in the Slave Point light oil resource play, with over 400 net drilling locations.
Q: Hi Peter & Team, SGY (Surge Energy) recently announced some good news by increasing their production guidance in addition to increasing the dividend by 19%. I am wondering what your views are on this company after this news? Thank you,
Q: Hi
Please comment the outlook for wcp
Thanks
Please comment the outlook for wcp
Thanks
Q: Peter would you please give me your opinion on Arc. Resources. ( arc) is dividend safe . Thank you
Rick
Rick
Q: Hello 5i Team. I hold a small positon in Dundee Energy (DEN)and it hasn't done much in a long time. I am questioning whether it is worth holding onto or just selling and finding a better company. Would appreciate your thoughts. Keep up the great work!
Q: please your take on TEI.
why has it been beaten up so much?
are there issues here?Is the dividend safe?
You think its a good time to buy in here?as a "buy low,sell high " scenario?
why has it been beaten up so much?
are there issues here?Is the dividend safe?
You think its a good time to buy in here?as a "buy low,sell high " scenario?
Q: Hi Peter. I watched BNN and subscribed yesterday. I have had CPG for a year due to the SE Sask location and the dividend. Is it sustainable and will it continue to grow? Thanks
Q: I was reading an article in Bloomberg discussing the potential of the "Siberian snow effect""...very cold for eastern seaboard...basically, what would you recommend as the top three oil/gas stocks to benefit from such a cold winter...thanks
Q: I am considering placing about 4% of my RRSP into Spyglass Resources. The dividend of over 13% seems exciting, is it sustainable and what do you think of SGL chances for growth over the next six months to a year?
Thanks again!
DON
Thanks again!
DON
Q: Your thoughts on CTA (Crocotta Energy) please. It was featured as a Top Pick on BNN this week and I was wondering if it was a good energy play in an RRSP account.
Thanks
DON
Thanks
DON
Q: Can you give me your thoughts on Bri chem(BRY).Thanks
Q: pmg- There is an offer of $11 cash and shares of an exploration company. Would I be better to sell at the current price of $11.94 or wait and receive the exploration shares?
Q: Your opinion on athabasca(ath)please.
Thanks
Garry
Thanks
Garry
Q: Surge Energy - would this be a good entry point? Tx
Q: Hi Peter and Team, your thoughts on Precision Drilling, PD, Q3 results? Thanks!
Q: Hi Peter & 5i: I’m confused by Dualex (DXE) and Africa Hydrocarbons (NFK), probably within a few weeks of test results from their Tunisian oil well joint venture. It seems all the preliminary log results look promising and “hydrocarbon shows” have been noted but you don’t know if you have a commercially viable well until you flow test it and they are still just about to do that. Meanwhile some of the numbers are not adding up for me. I think NFK has a slightly smaller interest in the project (47.5% for NFK: 52.5% for DXE). NFK had 5% more shares outstanding and just today announced a private placement with Canaccord that could float another 18% more shares potentially, at 18 cents a unit (with each unit including one share and one half warrant good at 30 cents). On the same day the NFK share price catches up to DXE’s and both close with a bid/ask spread of 0.245/0.25. As I understand it NFK doesn’t really have any other assets aside from this JV. DXE on the other hand has a Hungarian nat gas property that has cash-flowed a couple of million $ annually, which while not overwhelming is at least more than nothing. So how does more dilution, less of an interest, and less other assets add up to an equivalent share price? What is NFK’s rationale for doing this financing on the eve of testing the well? Were they completely out of money and caught in a bind? Or is this a signal that they are not so confident in the well test after all. If they aren’t confident, what is Canaccord doing? A dry well means the $0.30 warrants probably never get exercised. Are they going to immediately flip all of the private placement shares for a couple of pennies profit? Or is this NFK maybe giving Canaccord a sweet deal now to lock up a more favorable financing deal that would follow on positive well test results? Can you make this story coherent?
Q: Given the recent runup in TORC(TOG) do you still see it as a buy?
Q: Hi - best oil and gas stock for 5 year hold. I'm thinking TOU vs WCP, leaning towards TOU. Can I please have your opinion?
Thanks
Thanks
Q: Is Argent Energy having a credabilty problem,they keep getting hammered even after issuing a statement ?