Q: Hello:
I have held CNQ, CVE and SU for a few years in my portfolio
How would you feel if I sell part of CNQ or CVE and invests it
in Chevron (NYSE); the performance of the later is far better
than the Canadian oil companies that I have held
I do have a small position in TOU, thanks
Q: My oil stocks amount to 9% of the total portfolio. Holdings are SU and CPG with 3% ea and IAE, LEG and TOU at 1 % each. Would it make sense to sell IAE and LEG and add those funds to TOU. All three of those stocks project a substantial potential increase in future cash flow. Or would it be better to sell the SU and put those funds into TOU.
Q: Concerning Sea Dragon Energy your last answer was
There is always 'hope'...but hoping is not investing.
We have been very disappointed with management of Sea Dragon, after having high hopes. It is too small now and does not have much cash left. It is likely time to exit this one.
Can you elaborate why you are disappointed with management.
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.
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: 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?
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?
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.
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?