Q: I’m interested in investing in 2 of the above O&G producers. I would appreciate 5i’s recommendation and possibly a brief description of reasonings.
Thank you
Q: Hello, I have a small position in MEG and would like to add on the possibility of the company being taken over. As I understand it , they have a large Net Operating Loss (NOL) that a major could use to offset their tax. ..
What is your assessment of their financials? From what I see their EPS growth has been -ve for years. Then the question is why would someone buy this company? is it mis-managed?
Thanks
Carlo
Q: Now that Trans Mountain will soon be in service, are there specific oil producers or energy companies that 5i think may benefit the most to the bottom line and share price.
The Globe and Mail reported that the Trans Mountain pipeline is scheduled to start in Feb 25.
Although the news of the opening is already baked into the market, are there any undervalued energy stocks that you could recommend as a good addition to the energy sector of a well diversified portfolio that may well benefit from the opening of the Trans Mountain pipeline in the next few years?
Q: Alberta oil-sands companies are ramping up their output to prepare to fill the expanded TransMountain export pipeline. Seems this should open up good investment opportunities. Can you suggest any stocks to consider?
Q: I am thinking of selling my Vermilion shares VET and using the funds to buy shares of MEG since I want to keep my oil and gas exposure at the same weight (about 15 per cent of the portfolio.) This swap of oil producers is predicated on that MEG is already returning 50 per cent of FCF to shareholders while VET is only returning 30 per cent. According to both compannies corporate presentations both companies play to allocate more FCF to shareholders when lower debit levels are achieved in 2024. I liked VET from its exposure to high gas prices in Europe but when Ireland introduced a windfall tax on VET it definitely took a shine off of Vet's future. What do you think of changing VET for MEG. I also have some CPG, CJ, TOU, WCP, and BTE so I don't want to add to them.
Q: I have shares is a few energy companies. TVE is my largest holding and is the poorest performing. I am thinking of selling TVE and buying MEG in place. What difference do you see in the 2? Is there more risk with one or the other? And of course what is of interest, is there more upside with one or the other?
Another option would be to add to some existing holdings: CVE; ATH; AOI.
What would you see as the best course... continue to hold TVE, switch to MEG, or add to the others?
I currently own all four companies in the energy portion of my family portfolio.
That being said, I'm in the red and very disappointed with FRU.CA's performance of late and looking at selling FRU.CA and with the proceeds, adding to my existing positions of MEG.CA, CVE.CA or TVE.CA.
Q1. What are your thoughts on FRU.CA
Q2. Which of these three stocks (MEG.CA, CVE.CA or TVE.CA offers the best risk/reward at this particular time,
Q3. Is there another energy stock that you prefer and would wholeheartedly recommend.
Q: Over the last year MEG is up 27% and TVE is down 20%. I am down 26% on TVE. Is a switch from TVE to MEG a good trade to recover my current loss on TVE? Thank you
Q: My only energy holding is ENB, and I'm thinking of replacing it with something with greater growth prospects. Dividends are not too important. Are there any of the stocks listed you would suggest at this time? (Or any others??)
Q: Looking at the chart I see that MEG generally peaks out around here, just under $24. It touched there last summer and now 3x this year. The last earnings report was early May and its up almost $4 from then. Time to take profits or is it about to break out?
Thanks
Steve