Q: What kind of oil company it is. It is true that Scrathcona is the 5th largest oil producer in Canada. The CEO was on the podcast In the Money saying that it is still a discount compare other oil companies, it is true. Also, what is the changes that it can purchase MEG energy. Thank you.
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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
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
Q: meg is being offered .62 shares of scr and $4.10. scr as of yesterday is $31.5 so .62x31.5 +4.1 =$23.63. meg closed @ $26.09. Can I assume there wiil be a higher offer.No one would tender to this offer.
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.
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.
Q: Hi Team,
Would it be a stretch to buy Meg shares today on the speculation that another considerably higher bid will come in? Weighing the odds here; could be some easy money to be made here.
Thanks ,
Shane
Would it be a stretch to buy Meg shares today on the speculation that another considerably higher bid will come in? Weighing the odds here; could be some easy money to be made here.
Thanks ,
Shane
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
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
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?
Q: Could you please comment on the offer by Strathcona Resources? Given Strathcona’s interest, what is likely to happen to MEG’s share price over the next few months?
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Suncor Energy Inc. (SU $53.71)
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Canadian Natural Resources Limited (CNQ $42.62)
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Cenovus Energy Inc. (CVE $19.30)
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MEG Energy Corp. (MEG $26.50)
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.
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.
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Cenovus Energy Inc. (CVE $19.30)
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MEG Energy Corp. (MEG $26.50)
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Athabasca Oil Corporation (ATH $5.52)
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?
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Suncor Energy Inc. (SU $53.71)
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Enbridge Inc. (ENB $61.58)
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Canadian Natural Resources Limited (CNQ $42.62)
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MEG Energy Corp. (MEG $26.50)
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?
How's the outlook for the sector in the next 5 years?
Q: Any reason for CNQ and MEG energy dropping?
Do you think these are a buying opportunity with a 3 year outlook?
thanks, Paul
Do you think these are a buying opportunity with a 3 year outlook?
thanks, Paul
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Cenovus Energy Inc. (CVE $19.30)
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Veren Inc. (VRN $9.14)
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MEG Energy Corp. (MEG $26.50)
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Whitecap Resources Inc. (WCP $9.73)
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Baytex Energy Corp. (BTE $2.63)
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Tamarack Valley Energy Ltd. (TVE $4.97)
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.
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Suncor Energy Inc. (SU $53.71)
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Imperial Oil Limited (IMO $112.63)
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Canadian Natural Resources Limited (CNQ $42.62)
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Cenovus Energy Inc. (CVE $19.30)
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Tourmaline Oil Corp. (TOU $61.63)
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MEG Energy Corp. (MEG $26.50)
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Whitecap Resources Inc. (WCP $9.73)
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Athabasca Oil Corporation (ATH $5.52)
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Baytex Energy Corp. (BTE $2.63)
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Tamarack Valley Energy Ltd. (TVE $4.97)
Q: What CAD oil companies produce mostly light vs heavy oil.
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Cenovus Energy Inc. (CVE $19.30)
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MEG Energy Corp. (MEG $26.50)
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Athabasca Oil Corporation (ATH $5.52)
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Baytex Energy Corp. (BTE $2.63)
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.
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Royal Bank of Canada (RY $182.78)
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Toronto-Dominion Bank (The) (TD $101.67)
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Bank of Montreal (BMO $157.19)
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BCE Inc. (BCE $33.12)
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Enbridge Inc. (ENB $61.58)
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TELUS Corporation (T $22.51)
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National Bank of Canada (NA $142.74)
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Cenovus Energy Inc. (CVE $19.30)
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MEG Energy Corp. (MEG $26.50)
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Alimentation Couche-Tard Inc. (ATD $74.00)
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Aritzia Inc. Subordinate Voting Shares (ATZ $73.98)
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Bank of Nova Scotia (The) (BNS $55.05)
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
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
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
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Canadian Natural Resources Limited (CNQ $42.62)
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MEG Energy Corp. (MEG $26.50)
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Whitecap Resources Inc. (WCP $9.73)
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Athabasca Oil Corporation (ATH $5.52)
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Tamarack Valley Energy Ltd. (TVE $4.97)
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Tourmaline Oil Corp Subscription Rcpt (TOUR)
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Headwater Exploration Inc. (HWX $6.89)
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
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
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Canadian Natural Resources Limited (CNQ $42.62)
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Cenovus Energy Inc. (CVE $19.30)
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Veren Inc. (VRN $9.14)
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Tourmaline Oil Corp. (TOU $61.63)
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MEG Energy Corp. (MEG $26.50)
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Whitecap Resources Inc. (WCP $9.73)
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Freehold Royalties Ltd. (FRU $13.09)
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Paramount Resources Ltd. Class A Common Shares (POU $21.32)
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Tamarack Valley Energy Ltd. (TVE $4.97)
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iShares S&P/TSX Capped Energy Index ETF (XEG $17.18)
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Headwater Exploration Inc. (HWX $6.89)
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.
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Canadian Natural Resources Limited (CNQ $42.62)
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Cenovus Energy Inc. (CVE $19.30)
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MEG Energy Corp. (MEG $26.50)
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Athabasca Oil Corporation (ATH $5.52)
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.