Investment Q&A

Q: Is the dividend safe?

Q: Would you be comfortable in buying more shares of WCP if already own, at the moment it is only a 1.9% total weight since the price has fallen and thinking of buying more to bring the weight up to 2.8 %. or would it better just to buy another stock in this sector ? I already own VET and ALA.

Q: I currently hold significant positions and capital losses on both SGY and WCP. I would like to trigger a cap loss while maintaining sector exposure by selling one and buying the other, and then 'reversing' the trade in 30+ days. Which one you recommend selling at this stage?

Q: Well tax loss selling is upon us again, I'm down to two energy companies and I would like sell either one of VET or WCP. Both are down about 30%+, which one would you recommend? Thanks for your help.

Q: thoughts at current price and economic landscape?

Q: Hi folks
I can use a loss on WCP. In 30 days I may buy back with a better price in mind. ...hopefully. Meanwhile can you suggest a better replacement in the energy sector? Thank you

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

Q: I currently own a small position in WCP. Would you consider adding to this position assuming the dividend is safe from the decline in oil prices ? I think the decline in Canadian oil is pretty much done given the already very low price.

Or would you recommend another producer ? If so, which one ?

Q: Hi, taking a licking on energy with wcp down 40% and vet down 25%, is it best to hold until after tax loss selling and hope for a turnaround?
It is hard to figure with Trump trying to keep oil low, more renewable energy, Saudi’s turning on more supply, no pipelines, feds not really helping, carbon tax, and of course a big discount we give away to the USA losing billions.
It looks really bad, maybe I should add as this may be the low? Your thoughts, buy ,hold, or sell

Q: Could you explain the large gap between Canadian oil and US oil ?
It’s having a very negative impact on my wcp holding. Is this large gap sustainable in the near to medium term or a cause for major concern ?

Q: These are my current doggies by % loss and have been for a while. Can you recommend replacement(s) or would you suggest just holding?

Carl

Q: Wcp is sitting around 52 week lows even though the price of oil is rallying. Why is this?
I'm tempted to buy wcp for a bounce off the bottom, as it has done in the past.
Thoughts?

Q: Do you view Whitecap's dividend as safe or do you think they will direct those funds toward more growth...thanks.

Q: I am a senior and hold TOG, WCP, and SGY. I am down about 75%. Should I continue to hold, buy more or switch to another growth stock? Thank you!

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?

Q: I need help to clean up and high grade my energy stocks. I have the following in the energy sector: ENB, IPL, PPL, SCL, SGY, TOU and WCP (all were acquired between 2011 and 2014), and I would like to reduce the number of positions. I have not added to the energy sector since Q3 2014.

Energy makes up 8% of my entire portfolio (DCPP, mutual funds, and a stock portfolio managed by me – the 7 stocks referred to above). I have been very patient, but my patience is running out with some of these stocks. Some days I feel like selling the losers and investing in another sector, other days I feel like averaging down on some of the losers (it’s been 4 years since I added to the sector).

I am up 50% on PPL, so plan to keep it. Breakeven on IPL and ENB. Down 33% on WCP, and down >50% on SCL, SGY and TOU. Not including dividends.

I am considering adding VET as it seems to be better quality (recommended by 5i and others), but I don’t want to have too much overlap with the other stocks, nor do I want to increase the number of stocks in my portfolio.

Assuming that I keep the same overall energy weighting, how would you high grade this portfolio. I am open to other energy companies, the only criteria is that it pays a dividend.

Thanks,

Paul

Q: WCP continues to be out of favor and is not keeping pace with the Energy Sector. Any comment other than it needs a momentum catalyst?

Carl

Q: I purchased WCP back in 2014 when the share price was pretty much double the current price. I was wondering if I should average down and pick up a few shares as it seems the analysts have some positive comments on the company in the future.

Q: I have been holding WCP (-35%) (4% of Corp Port. and 2% of total holdings) and SGY (-40%) (6% of Corp Port. and 3% of total holdings) since 2015.
These are in an unregistered corporate account so a capital loss can be carried forward. I am going to either sell both holdings outright and purchase VET.
Or trim each of WCP and SGY by half and use the proceeds to purchase a smaller position in VET and end up with all three holdings.
The negatives I see with the first option would be increased concentration risk (2 holdings for 1) and I would expect that WCP and SGY would outperform VET if the price of oil continues to increase long term. Your thoughts please?

Q: So Druckenmiller and Soros are putting more bets on oil. I'm not an oil expert, but I do understand the operational leverage that can be created. I also understand there are specific Canadian specific variables to profitability with the pipelines and oil sands etc. If I were to bet with these two, could you give me a list of Canadian oil Companies to bet on? Could you also comment on any possible reason they see oil as attractive?

Much Thanks,

Wayne