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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 Team,
What to do with Meg shares? Was a headline on BNN yesterday touting there will likely be no other suitors for Meg for a higher offer. Do you agree with this ? I am currently up 8% on the shares. Do I continue to hold out for a higher offer or cash out? This was an arbitrage play for me.

Thanks ,
Shane
Read Answer Asked by Shane on June 19, 2025
Q: Hi Team,
What's your current thoughts on the current Meg takeover offer? Do you still feel a higher offer will come to play? What's the usual timeline on takeover offers such as this as to when another company might swoop in for a higher bid? The offer from Strathcona is open until Sept I believe, but I would have to think if a competing offer is coming it would probably be much sooner than that would it not?

Thanks,
Shane.
Read Answer Asked by Shane on June 04, 2025
Q: Good morning,

Q1. What are your thoughts on Strathacona Resources recent offer to purchase MEG?

Q2. Do you consider Strathacona's initial offer reasonable and what is the likelihood of MEG accepting Strathacona's initial offer?

Q3. What is the likelihood of another company joining the bid for MEG?

Q4. For holders of MEG, do you recommend selling on the news now and taking profits or waiting for a potentially better offer as MEG considers the current offer that may not be accepted and cause the MEG's stock price to drop back?

Thank you and I'll await your response.

Francesco

Read Answer Asked by Francesco on May 20, 2025
Q: You indicated in your answer to Warren's question that you feel the suggested buyout price for MEG Energy by Strathcona is too low. What do you think would be a reasonable offer, and what do you think MEG management would hold out for? Which companies might make an offer? Do you think the company will in fact be sold?
Read Answer Asked by Dan on May 20, 2025
Q: Dear Peter et al:

A "Drill down" from the top type of a question!

In Energy sector, these three things seem to be important.
a. Pay down debt.
b. Keep paying healthy dividend or even increase it.
c. Buy back shares.

Recently Cole Smead came on a podcast and clearly laid out his case for his preference to invest in companies that buy back shares. (In the Money by Amber Kanwar, erstwhile BNN Bloomberg Marketcall host).

What is your take on this? What are the 3 companies in the Energy sector that you like using Share buy backs as the metric?

Thanks in advacnce.

P.S. Hope we see you Peter on Amber Kanwar's In the Money podcast. It seems to be getting some traction now.
Read Answer Asked by Savalai on March 21, 2025
Q: On MarketCall, regarding oil sands companies, Eric Nuttall top picked MEG and Athabasca, while having some negative comments about Cenovus, particularly the negative EBITDA they are generating from their refining business. Would you sell a position in CVE and buy ATH or MEG instead?
Read Answer Asked by Dan on March 13, 2025
Q: How does 5i feel about the Canadian energy sector, specifically SU, MEG, CNQ, ENB? Is the recent pullback an opportunity to add to an existing position or hold for time being?

How's the outlook for the sector in the next 5 years?
Read Answer Asked by David on March 04, 2025
Q: While I am very overweight oil & gas producers I am not concerned as I bought several of these at under $1 which explains the overweight position. However, I do have capital losses on BTE and that got me thinking that maybe I should consolidate into the 3 best if I can manage the large capital gains tax. Would MEG, TVE and WCP be your choice? My only concern would be VRN which is currently a 7 bagger and I'd have to do that over time. Any comments or concerns with this or should I just continue to hold all. I do have a very large, diversified portfolio.
Read Answer Asked by Earl on February 25, 2025
Q: What CAD oil companies produce mostly light vs heavy oil.
Read Answer Asked by Tim on February 12, 2025
Q: With the uncertainty of Trump how do you feel about the oil/gas companies. Specifically CVE, ATH, MEG, BTE. Is it time to buy sell or hold.
Read Answer Asked by patricia on January 24, 2025
Q: Hello, I own above for my RSP... Obviously, I am disappointed with Telus and BCE and I am down some 25%.. I can understand BCE's poor management, but how about Telus? also in the dumpsters.
If I sell Telus and BCE, do you suggest that I add to one of the above as I want to keep my holdings to 10-12 stocks . Any suggestions?
Thanks
Carlo
Read Answer Asked by Carlo on January 21, 2025
Q: I think we might get an opportunity to buy o&g names at a discount soon as they are already pulling back out of fear of Trump tariffs, even though oil prices have been stronger. If you could only invest in 1 or 2 oil or gas names on the pullback, with the qualifier that its not a forever hold and I'm looking for something with decent torque to the upside when political worries go away, what names would you pick? As an example I'd probably avoid CNQ since it doesn't drop as much when oil is negative, but also doesn't go up as much when oil is positive. Thx
Read Answer Asked by Adam on January 17, 2025
Q: Hello,
I own the following O&G producers and this is about 12.5% of the portfolio.
CNQ 2%, Tour 2%, Meg 2%, TVE 2.5%, WCP 1.5%, HWX 1%, Ath 1.5%
I want to raise cash and would probably sell about half.

My view point is from a conservative, retired senior, but looking through next 2-5 years with these. I think the best ones to keep are CNQ, Tourmaline, Tamarack Valley and Meg - maybe sell off TVE if good gains over next year or two.
Would like your opinion on what to sell/hold.
Do you agree or perhaps would you reduce all evenly? (I prefer to manage at a few less stocks.)

Would you exchange any stock or have other other recommendations?

Thank you very much
Read Answer Asked by Tulio on December 12, 2024
Q: Notwithstanding the capital gains tax implications, would you kindly rank the above GAS and OIL stocks in order of PREFERENCE and SECTOR (Gas stocks and Oil stocks) to continue holding for the long term and to help me decide on which stock to sell in order to raise cash for an upcoming major purchase. Thank you.
Read Answer Asked by Francesco on October 15, 2024
Q: I am overweight in oil and I am looking to trim. What is your assessment of the companies above? Which of the companies would you least favor for long term potential and therefore trim from the most? As always, thank you for your excellent service.
Read Answer Asked by Calvin on August 20, 2024
Q: Good morning,

I currently own a number of different energy stocks of which most are in the OIL sector. In this current investment environment, the Gas sector seems to offer a better risk reward ratio and I would like to better balance my Oil/Gas stock split.

Question 1. Do you agree that Natural Gas stocks currently offer a better potential return than OIL stocks over the next few years?

Question 2. If so, which of the these OIL stocks would you replace with Natural Gas stocks?

Question 3. Which Natural Gas stocks are currently your best ideas?

Thank you for your sage advice.
Read Answer Asked by Francesco on June 13, 2024
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