Investment Q&A

Q: Hi Peter: Can you please comment on AvenEx given their merger with Pace Oil & Gas. Thanks ! Dave

Q: Mart Resources (MMT). Despite a recent pullback in this stock but with Globe and Mail 5 Star rating and a 13% yield is there anything not to like about this stock? Or is the market cap too small to attract your attention?

Thanks.

Q: Would like your opinion of Sunshine Oilsands SUO, they have a large land position.
The government doesn't seem to mind foreign investors building in the oil sands.
Thanks

Q: Thanks in advance 5I people.My question is about Tag Oil Ltd [TAO-T], an Australian company which has dropped about 50% in value this year.They are buying back stock,have good prospects & are well located close to China.Your comments on the debt & other warts of this company would be appreciated.
Cheers,
Dave

Q: Peter,

Any change in opinion on NKO since the have overcome the debenture
overhang now and also as a potential buying opportunity after the end of tax loss?

Q: Hi Peter & 5i: Is Bonavista (BPN) in a similar boat to Longview? Both of these stocks have been moving steadily lower. LNV's managment's recent guidance appeared to indicate that their 2013 budget, for maintaining their distributions and otherwise treading water, required somewhat higher nat gas and oil prices than present levels, as well as maintaining a reasonably favorable (i.e. small) discount from WTI pricing. They also indicated that they had no protective commodity hedging in place. I'm wondering how similar BNP's situation might be. I know that BNP is a gas-weighted producer and that they have about 40% of their distributions going into DRIPs. Is it possible for you to estimate what BNP would need as an average AECO gas price in order to continue paying at their current distribution level, make their debt maintenance payments, and fund their cap ex sufficiently to replace natural production declines, all from FFO? Also what price they would require if shareholders were to stop reinvesting their dividends? I realize that their are enough moving targets in these calculations that I can't hold you to the numbers but estimates would be appreciated in any event. Thanks!

Q: Hi Team
What are your thoughts on CET ( Cathedral Energy)?
Many thanks.

Q: Peter; With Harper closing the barn door on oil sand takeovers do you see companies with diversified assets, including oil sands, ( I.e.PWT), spinning out their oil sands to make them still either an acquirer or being available for local takeovers/mergers ? Thanks.

Rod

Q: What is your opinion on pbn at this price level?

Q: Any comment on the recent moves of arn with bpn's involement?

Q: Hi Peter and Team:
How do you see the problem of land locked Western Canadian oil being solved or eased ? How much time will it take and how will the price for this oil be say in a year or so as compared to WT oil prices.
Where do you see North American Production in 5 Years in light of the new technologies.
thanks
Yossi

Q: http://us.rd.yahoo.com/finance/external/reuters/SIG=12hs3vndm/*http://www.reuters.com/article/2012/12/13/canada-oilprice-idUSL1E8ND98S20121213?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43
The increase in US oil supply, coupled with the decrease in demand and pipelines issues, paints a sorry picture for the oil sands. Both big and small Canadian producers will likely suffer in the short and medium term, until some meaningful new outlet takes place. Additional Canadian production in the coming year will further exacerbate the problem. Yet, all this is likely to be resolved with time. Some producers with upgraders, like COS,
might be better off, but most, whether it be CNQ, SU or IMO, will be affected. The months ahead might not be rosy. Would you simply advise staying the course, or transitioning for regular accounts or RRSP accounts into other traditional stocks ?

Q: Merry Christmas Peter to you and the team at 5i and continuing success in 2013. LNV? Longview is on a relentless trip south and its latest status report is middling at best. Is the slide overdone through tax loss selling or has this outfit disappointed to the point the stock should be dumped?

Q: I purchased ECA two weeks ago and the share price has gone down 5% since my purchase. Now with the Petrochina deal in the works, how do you think it will affect the price (short term and long term)? ECA is 10% of my portfolio and I also hold CNQ and TOU, also each 10%. I am wondering if I should be bailing on ECA or if there is some confidence in this stock? Thank you for your suggestions and advice and Seasons Greetings to you and the Team!

Q: Hello, Twin Butte TBE, had been declining the past few days, do you have any insight? Thank you.

Q: Thanks in advance guys.Your advice often saves me from myself.Simba[SMB] is an exploration company with large blocks of land in Africa.Your comments would be appreciated.
Dave

Q: Hello: Do you have an opinion on MEG Energy? Wondering what you thought of a switch from SU to MEG. Seems MEG was hit rather badly after announcing new stock issue. Also, their capex budget seems to be going against the flow of other majors. Your views would be appreciated. Carol

Q: Hello and thankyou. Would you buy BEP at the current price or would you expect a pullback over the next few months?

Q: Hi Peter,
What are your thoughts on Renegade Petroleum? Also, should one buy into Canadian Phoenix Resources or straight into Renegade as I do not really understand the deal between the two. Who would be the better buy if any. Tickers are RPL and CXP.
Thanks.

Q: Canacol Energy[cne] on the TSX has had a bit of a run of late & yet it has a reverse split coming up.It seems to have large blocks of land & links with big companies. Your opinions on this company would be appreciated.Thanks for all your help.
Dave