Investment Q&A

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: SGY has recently entered into a purchase agreement/merger with a private company MBOG. What are your thoughts about the acquisition? Does this move the needle on SGY?

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: What do you think of Surge Energy over the next 18 months ?

Q: Which OIL companies are your favorites buy?
Obliged and Greatful to 5i.

Q: Could you please give me an update on Surge Energy, in particular: insider trading over the past few months, overall insider ownership, level of debt - is it reasonable, sustainability of dividend, cash flow, expected revenue and earnings growth, P/E, ability to weather a downturn in oil prices. Thank you.

Q: your opinion please on these stocks as potential buys at this time.

Q: Can you give me a couple of ideas for oil E&P exposure

Q: Good morning everyone. I am interested in buying a few different energy stocks. I’m in my early senior years - but do not mind some risk.
Have room in my TFSA and RSP accounts.
Enjoy your diligent reporting and investigation
Thank you

Q: Assuming oil prices stay between 70 to 75, which of the following would you recommend first, please arrange in the order of preference for the following criteria :

good management
leverage to the higher sustainable oil price
great assets and net backs
reasonable balance sheet
good Western Canadian price for their oil.

the list which you can add to.

sgy,vet,wcp,cpg,ath,tog,bte,cj,rrx,

thanks
yossi

Q: What should I do?....For some years, I have held TOU and SGY as energy sector positions in a well diversified balance portfolio. Both down 49% and 57%. Now wondering, is it time for me to take action to reduce or just sell all, given recent price movement up but not likely crude price going considerable higher than now, aka 70$. What say you?........Tom

Q: Comments on recent numbers,, looks good to me?? Pat

Q: I am down 60% on SGY but would like to keep it because in a recovery, I think it would be a good one to have. However, I need some capital losses to offset some capital gains. I don't want to sell it and wait 30 days to buy it back because it may move up during that time. To avoid the 30 day waiting period and still get some capital loss, could I buy more share now and then sell half in a few days? The loss would not be as high because of the adjusted ACB but it would work okay for me. Would this action attract the 'superficial loss' rule or is this a way around it?

Q: Down a lot on QTRH, DCM, SGY and also Voxeljet Ag (VJET-N). Should I consider averaging down? Hold as is? Dump? Thanks.

Q: Gentlemen,
I own SGY (1%PF, 63% lost). Sell, buy more or hold?
My energy sector is 4.5% (PPL, HXE, FENY),
I have ENB is on Utility sector.
Thanks
Best Regards.

Q: looking for your favorite small and mid cap oil and gas stocks at this time.
Thanks.
Dick

Q: I just read your answer about PEY - "The stock performance of course has been brutal. We no longer see it as a need to own name."

I also own TOU and SGY, with stock performance being brutal, too! Do you see continuing to owning these 2 names?.......Tom

Q: May I get your comments on Surge Energy quarterly results please?

Q: Hi 5i team - I have held Surge Energy for quite a long time and it has been a disappointing stock. Even with the lower oil and gas prices there are others that have at least held their own. Are there two or three similar companies that have had a better performance record and perhaps better upside. I am planning to sell Surge and buy something that has performed better if you think this is a sensible strategy. Thanks.

Q: Hi, I would appreciate if you can rate these 3 energy names in terms of upside potential. Would your decision be different considering SPE does not pay dividend while other two does.
Also, any Balance sheet concerns.
Thanks,