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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: I would like to add small amounts to the above listed existing positions. How would you rank these? Which one's may likely drop further and more patience would be required?
Thank you!
Albert
Read Answer Asked by ALBERT on January 03, 2019
Q: Hi 5i team,

From this evenings news:

"CALGARY, Alberta, Dec. 18, 2018 (GLOBE NEWSWIRE) --

Highlights (all dollar amounts US dollars, unless otherwise noted):

Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) announces today that its strategic repositioning review process has been completed and did not result in an acceptable proposal;"

The article goes on to discuss 2018 results (good) and 2019 guidance (good) and plans for massive share buybacks at what mgmt appears to believe is a hugely discounted stock price.

Considering the beating this stock has taken lately and the above news, how do you feel about a new position in this company?
Read Answer Asked by Ryan on December 19, 2018
Q: good morning ,i sold some pey to preserve capital .i have lost confidence with what is going on and the threat of dividend cuts. Where do i run to cover some losses.Can you claim the loss if you only sell part of your position thanks for your advice Norm
Read Answer Asked by Norman on December 17, 2018
Q: Parex has been on a continual decline. The possibility now of a sale of their mature assets before year end does not look good. As their share price is now very cheap I plan on increasing my holding. If there is no sale with their existing assets there would still be a considerable increase in cash flow in 2019 based on $70-75 Brent.
Your opinions please?
Read Answer Asked by Peter on December 14, 2018
Q: I hold approx. 6000 shares of each of the following at hIgher prices.VET,SIS,PXT,COV and GUD.Which would you sell,add or hold.Your input is appreciated.
Thanks Richard
Read Answer Asked by Richard on December 07, 2018
Q: I understand that Parex is in the middle of a strategic review, I just don't understand (a) why a sale of the company makes sense, and (b) why the stock price continues to fade. Doesn't Parex have one of the better business cases out there? Cash, Brent pricing, new wells - what's not to like?

Some months ago, on BNN, Dennis de Silva suggested that their assets are entering a declining phase - which would certainly make a prospective buyer think twice. But aren't most (all?) O&G companies constrained by the wasting-assets problem? Yet we continue to invest in them.
Read Answer Asked by John on November 27, 2018
Q: looking at moving from tog to one of the above, who get brent pricing.
good move? and which would be your preferred replacement?
Read Answer Asked by Bob on November 14, 2018
Q: KEL results released this morning look pretty darn good to me -- except maybe against "estimates" (?) which i haven't seen. A 13% drop looks (ridiculously) overdone? Your thoughts?

KEL & PXT are half positions in my TFSA -- hold, increase, or fold?
Read Answer Asked by Lotar on November 12, 2018
Q: Hi,

In energy and power utility sector which companies do you recommend at current valuation. Is XOM a good buy or it is better to invest in ENB or PXT in current market and future growth perspective.

Appreciate the great service

Thanks
Ninad
Read Answer Asked by Ninad on November 02, 2018
Q: I hate the Canadian oil sector but for some reason I feel obligated to have a small representation. As such I have a 1.3% position in WCP. Thinking of changing that to Parex Resources at the same weighting. Comparisons and advice please ?
Thanks Garth
Read Answer Asked by Garth on October 31, 2018
Q: Do you see any 'underappreciated' candidates in the oil/gas industry that might duplicate the 12 month performance of Tamarack Valley?
Read Answer Asked by Maurice on October 09, 2018
Q: Good Morning,
On average how long do strategic reviews take to complete? Does 3-6 months seem reasonable? They are coming up to 3 months so wondering if you think year end is a reasonable time frame to hear something? With Brent oil prices hovering around $85 things look even better for them.
Thanks
Read Answer Asked by Chris on October 04, 2018
Q: just wondering where the best place would be to put student loans with no interest owing for at least 4 years would be, out of the companies above? any other suggestions would be appreciated as well
Read Answer Asked by matthew on October 02, 2018
Q: I am Following your balanced portfolio. There are significant losses in AEM and WCP and both are a tax loss opportunity. I am considered changing these for KL and PXT? The later two have much better momentum and I think look much better on their technical charts over the last 3-5 years. Both are less than 3% positions each. What is your opinion?
Read Answer Asked by Paul on September 17, 2018
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