Q: In your answer to a recent question (Myron -June2) you rank MEG relatively low on upside potential, apparently well below CNQ and SU. Could you explain a little, please? thanks Jim
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
- Suncor Energy Inc. (SU)
- Canadian Natural Resources Limited (CNQ)
- Cenovus Energy Inc. (CVE)
- ARC Resources Ltd. (ARX)
- Tourmaline Oil Corp. (TOU)
- Vermilion Energy Inc. (VET)
- MEG Energy Corp. (MEG)
- Whitecap Resources Inc. (WCP)
- Kelt Exploration Ltd. (KEL)
- Tamarack Valley Energy Ltd. (TVE)
Q: I am thinking of buying these companies in my tfsa account in equal weights. Do you have any concern with any of these companies and would you be able to rank them in order of possible upside? Thank you
Q: Peter and Co, I am looking for a Canadian energy company that has good upside as well as large tax losses that could be used to offset any potential windfall taxes in Canada. I already have reasonable positions in CVE, VET, TOU and HWO.
With appreciation,
Ed
With appreciation,
Ed
Q: On May 9th, there was a question from James about when MEG Energy might start a dividend. In their recent Q1 earnings report, they stated that once a debt level of $600 million was reached, which they expect by the 2nd half of 2023, 100% of free cash flow will be returned to shareholders. I would expect this means some combination of share buybacks and dividends.
In Q1, the company had approx $500 million of free cash flow, which is about $2.0 billion for a year at that rate. There are 307 million shares o/s currently, so that would equate to roughly $6.50 a share. If half went to share buybacks, then that would leave roughly $3.25 for a dividend, which would be about a 17% yield on the current share price. Of course, energy pricing could change significantly (up or down) between now and then.
In Q1, the company had approx $500 million of free cash flow, which is about $2.0 billion for a year at that rate. There are 307 million shares o/s currently, so that would equate to roughly $6.50 a share. If half went to share buybacks, then that would leave roughly $3.25 for a dividend, which would be about a 17% yield on the current share price. Of course, energy pricing could change significantly (up or down) between now and then.
- Cenovus Energy Inc. (CVE)
- ARC Resources Ltd. (ARX)
- Vermilion Energy Inc. (VET)
- MEG Energy Corp. (MEG)
- Paramount Resources Ltd. Class A Common Shares (POU)
Q: I have a small percentage in each of these companies, I would like to add to some or all can you tell me in order of preference you would suggest I add them.
Thanks, Dorothy
Thanks, Dorothy
Q: Is there any indication that MEG will institute a dividend?
Q: Would you give us your thoughts on their 1/4ly report, thanks.
- Vermilion Energy Inc. (VET)
- MEG Energy Corp. (MEG)
- Whitecap Resources Inc. (WCP)
- Birchcliff Energy Ltd. (BIR)
Q: Can I get your top picks for Small and Mid sized Canadian Growth Oil stocks for the next 12 months?
- Suncor Energy Inc. (SU)
- Canadian Natural Resources Limited (CNQ)
- Cenovus Energy Inc. (CVE)
- MEG Energy Corp. (MEG)
Q: Which Canadian companies will benefit when the trans mountain pipeline starts up.
Thank You.
Thank You.
- MEG Energy Corp. (MEG)
- Enerplus Corporation (ERF)
- NuVista Energy Ltd. (NVA)
- Cardinal Energy Ltd. (CJ)
Q: I'm looking for some Canadian companies that can benefit from the current oil shortage in the world. My research has turned up CJ, ERF, MEG, and NVA. Would you please rank them best to worst in terms of potental upside. As you can see, I'm looking for good growth going forward. If you can think of other possiblilties I would appreciate your choices. Also, do you see any major flaws with the companies I've indicated I would appreciate your opinions.
Q: Your thoughts on Meg Energy's 1/4 please.
- Suncor Energy Inc. (SU)
- Enbridge Inc. (ENB)
- Power Corporation of Canada Subordinate Voting Shares (POW)
- Pembina Pipeline Corporation (PPL)
- Crescent Point Energy Corp. (CPG)
- Algonquin Power & Utilities Corp. (AQN)
- MEG Energy Corp. (MEG)
- Whitecap Resources Inc. (WCP)
- Enerplus Corporation (ERF)
Q: I have around 15% of my total portfolio value in energy and utilities, spread across the following stocks. I have held most of these positions for quite some time.
Given the considerable rise in the past year (but still quite far off from ATH for some), would you suggest any consolidations or removal of any of these positions?
ENB: 17.72% of total, 44.35% gain
SU: 14.35% of total, 73.34% gain
MEG: 14% of total, 309.59% gain
WCP: 11.55% of total, 249.88% gain
ERF: 8.82% of total, 421.21% gain
CNQ: 8.67% of total, 248.39% gain
CPG: 7.33% of total, 346.70% gain
POW: 6.72% of total, 67.89% gain
PPL: 6.38% of total, 53.52% gain
AQN: 4.47% of total, 4.83% gain
Thanks in advance for the insight and advice!
David
Given the considerable rise in the past year (but still quite far off from ATH for some), would you suggest any consolidations or removal of any of these positions?
ENB: 17.72% of total, 44.35% gain
SU: 14.35% of total, 73.34% gain
MEG: 14% of total, 309.59% gain
WCP: 11.55% of total, 249.88% gain
ERF: 8.82% of total, 421.21% gain
CNQ: 8.67% of total, 248.39% gain
CPG: 7.33% of total, 346.70% gain
POW: 6.72% of total, 67.89% gain
PPL: 6.38% of total, 53.52% gain
AQN: 4.47% of total, 4.83% gain
Thanks in advance for the insight and advice!
David
- Crescent Point Energy Corp. (CPG)
- ARC Resources Ltd. (ARX)
- MEG Energy Corp. (MEG)
- Whitecap Resources Inc. (WCP)
- Enerplus Corporation (ERF)
- Tamarack Valley Energy Ltd. (TVE)
- Gear Energy Ltd. (GXE)
- Headwater Exploration Inc. (HWX)
Q: How do these Companies return to Shareholders, without increasing the likelihood of making themselves a target for a takeover ?
- Crescent Point Energy Corp. (CPG)
- ARC Resources Ltd. (ARX)
- MEG Energy Corp. (MEG)
- Baytex Energy Corp. (BTE)
- Enerplus Corporation (ERF)
- Tamarack Valley Energy Ltd. (TVE)
- Cardinal Energy Ltd. (CJ)
- Headwater Exploration Inc. (HWX)
Q: Greetings - Considering the impressive returns from the energy sector last year, the leadership of the sector so far this year, the current supply demand scenario for oil , the likelihood of greater US production, geopolitical realities, and what we might see in the next 3 to 6 months (insofar as there is any clarity that far out) 1. Is energy a 5 or 6 year investment or more likely a shorter term trade. 2. Does it seem to you that the oil price is more likely to continue to climb throughout the next 6 months rather than to recede. 3.Which 3 of these 8 listed securities offers the best upside and which 3 the least risk and thirdly if you had to pick just one to buy a full position of today which one of the eight would you personally click the buy button on and would you be comfortable doing so at the current price.
Thank you for the input - Ken
Thank you for the input - Ken
- Crescent Point Energy Corp. (CPG)
- ARC Resources Ltd. (ARX)
- MEG Energy Corp. (MEG)
- Parex Resources Inc. (PXT)
- Whitecap Resources Inc. (WCP)
- Athabasca Oil Corporation (ATH)
- Birchcliff Energy Ltd. (BIR)
- Enerplus Corporation (ERF)
- Tamarack Valley Energy Ltd. (TVE)
- High Arctic Energy Services Inc. (HWO)
- Trican Well Service Ltd. (TCW)
- Pipestone Energy Corp. (PIPE)
- Ninepoint Energy Fund (NNRG)
Q: It's time that I trim my above portfolio of 13 oil & gas stocks to sector weighting. Which 6 stocks do you think should be first to be trimmed? Please list the stocks in order from the first to be sold to the sixth. This is for medium risk profile. Also could you list a short reason why you think it should go for each of the six stocks.
Thanks
Thanks
- Suncor Energy Inc. (SU)
- ARC Resources Ltd. (ARX)
- MEG Energy Corp. (MEG)
- Parex Resources Inc. (PXT)
- Tamarack Valley Energy Ltd. (TVE)
Q: Despite the significant increase in Energy stocks, I am looking to add some exposure. Do you see more upside in 2022 and beyond? Please rank the companies above for a 2-5 year hold.
- Suncor Energy Inc. (SU)
- Canadian Natural Resources Limited (CNQ)
- Cenovus Energy Inc. (CVE)
- MEG Energy Corp. (MEG)
- Whitecap Resources Inc. (WCP)
- Baytex Energy Corp. (BTE)
- Kelt Exploration Ltd. (KEL)
- Ovintiv Inc. (DE) (OVV)
Q: The listed oil and gas companies comprise a 4% weight in my portfolios. I have been dying in oil and gas for about a decade. However, not counting the capital losses I have taken over the years, the current portfolio of legacy and new acquistions is miraculously above water. I have promised myself to never again be so exposed to the world's most manipulated commodity. If I'm going to folow though on this self-promise I need to think about liquidating some of these positions. Question: in what order would you take down these positions?
Best wishes for 2022. David
Best wishes for 2022. David
Q: Can you please comment on earnings
- Canadian Natural Resources Limited (CNQ)
- Methanex Corporation (MX)
- Vermilion Energy Inc. (VET)
- MEG Energy Corp. (MEG)
- Secure Energy Services Inc. (SES)
- High Arctic Energy Services Inc. (HWO)
- Cardinal Energy Ltd. (CJ)
- Trican Well Service Ltd. (TCW)
Q: Hello 5iii
Just looking for your perspective on the energy sector / wti increase having further gains to year end or even Q1 22 ? I have many positions that are near back to break even or now even positive. Please advise TY
Just looking for your perspective on the energy sector / wti increase having further gains to year end or even Q1 22 ? I have many positions that are near back to break even or now even positive. Please advise TY
Q: The energy sector has been doing ok in the last week, buy MEG seems to be underperforming greatly compared to the sector. Any thought on why this is happening. Thank