Investment Q&A

Q: This is just an information post relating to the concerns about the oil glut. I found the attached post useful and informative. Like 5i I find Jeff Miller to be a voice of reason in times of tumult. As he notes, when consumption is 92.5 million barrels a day how significant is a "glut" of a few billion barrels. Next year consumption is projected to grow by almost 700k bbls/day and that's based on $100 a barrel. At todays prices will consumption increase. Will production drop.Are all geo-political risks off the table.
5i has has identified some excellent companies in the energy sector, some might appeal to a contrarian investor.
Just some thoughts as Christmas music plays on the radio and snow blankets the trees in the back yard.
Happy investing
Mike

http://dashofinsight.com/crucial-facts-energy/

Q: Hi Peter and Team
Today there is some movement in this stock. I see no news as to why. I quickly checked TMX and it seems to be between only a few sellers/buyers. Any insight on this move. Also do recommend adding to a position (slowly) at this point. My weightings in this sector and stock are balanced at present.
Thanks
you Guys are Great!

Q: Being small do you feel the yoho can grow at this stage?

Q: PLZ RECOMMEND A CANADIAN DIVIDEND ETF OTHER THAN ZDV WITH LIMITED OR NO EXPOSURE TO THE OIL PATCH.
MANY THANKS

ROGER

Q: If you sell a stock in a Tax free account that results in a capital loss does the loss provide you with additional room within the tax free account over and above your annual contributions?

Q: Energy and related stocks.
Like me many subscribers are seniors. I have a large holding in the above ( oil, NG, pipe line, services ect.) and am worried.

How do you see 3 TO 5 YEAR OUTLOOK for the above and what factors might play in to a reasonable assumption. How long might it take to balance supply and demand, as many say that $60ish oil will weed out some producers and reduce capex spending on new drilling . I understand that it is impossible to time the market but can you assume a reasonable oil price at sustainable levels of $70 to $80 oil and $4 for NG. any comments would be very helpful.
thanks
Yossi

Q: please give me an update on your thoughts for industrial alliance... the stock seems to be quite volatile on a daily basis!!
ed

Q: Hi Peter and 5i Research Team, Can you please advise on the outlook for US retail and specifically for Kroger. Would you consider it a buy here?
Thank you. Linda

Q: Hello Peter & Co.
Financials represent 7.6% of my portfolio; it comprises BNS, EFN, HCG and TD. I have room for one more holding and hesitate between SLF and ZUB.
Your input is always most appreciated
Tony

Q: Peter, I know that if you sell a stock at a loss you must wait 30 days to buy it back to avoid the artificial loss rules. But if you sell a stock with a gain to offset losses, can you buy that stock back right away without any tax consequences?

Q: As you have been pointing out in your excellent answers to so many questions, the stocks of some fine Canadian companies in the non-energy and non-material spaces have been hammered in the current rout. I would like to take advantage of this opportunity to buy some fine companies at bargain prices. Generally I hold most of the companies in your model portfolio; I am over-weight Amaya and Constellation Software. Could you please identify 5 non-energy and material stocks which you consider to be bargains at this time? Thank you.

Q: do you see anything fundamental to have affected the utilities

Is it ok yo buy some ETFs at the levels?

Q: PHM continues to go up even though the broader market is selling off. The volume seems to be very high. Can you please comment on the volume of this stock, and are there large blocks trading which may suggest institution buying?

Thanks Darcy

Q: Could I please have your thoughts on the direction (down) of this fund and whether it is likely to continue. I have held it for years and am now slightly underwater on it - but do not want to lose more.
My objective right now is to raise cash to hopefully take advantage of buying opportunities in some of the areas that have beenb brutalized.

Thanks.

Q: (sorry, i was unable to enter thus question without entering a symbol)
Would you please comment on 3 things... 1 What industries in Canada other than airlines will most benefit over the next while by the drop in oil..2 same question for US market and 3 what foreign country etf ( eg,EWG? ) would most benefit by the drop in oil?

Q: Of all the A-B companies you cover, could you indicate one or two in each rating category (A, A-, B+, B) that you consider to be the best "bargains" at this point. By best bargain, I mean considering risk/reward profile, you look at the share price and say, "Wow, I can't believe that this stock is trading at that low price." (I'm guessing: (A: Stantec), (A-: BNS), (B+: GIL or BAD?), and (B: NAL or ACQ?) What say you? Others?

Also, if possible, of all companies at any rating level (A to B-) on your "watch list," could you indicate one or two similar bargain companies? Energy sector included.

Thank you,
Cheers

Q: Good Morning, CSE now yields 8.25%. Any risk to dividend cut? Do they have any material exposure to the energy sector? I have a small weighting and am thinking of adding more to my income portfolio.

Q: David earlier asked about Canfor and I'm wondering if you favour Stella over them or if they are too different to compare? Would you hold them both?

Q: Hello Peter & Co.
I hold AVO and am down 45%, I also hold BDI and am down 58%. VET is down 26%, QST down 16% and PEY also down 16%.

I have a small capital gain this year. I'm thinking about unloading these (for sure AVO and BDI, not so sure on the others)and investing the proceeds into my S&P500 ETF VFV, to increase my US exposure and eliminate the dogs in my portfolio, also helping with my tax situation. What's your philosophy on selling the dogs and tax loss selling in general?

Q: I hold both SPB(in your income portfolio) and WCP(in your model portfolio). Do you still support both of these companies? Are their dividends secure? Is there any news regarding each of them or are their respective pullbacks just part of the energy collapse as of late. Would you suggest I continue to hold them? Thanks, as always for your valuable guidance.